Market Chaos to Continue？

Author – Connor Woods, Senior Market Analyst

Date: September 15th

This week has been a volatile one from forex to commodities. Tuesday‘s CPI and Wednesday’s PPI reports told traders that US inflation is on the march (again), and interest rates are heading higher. Will the chaos continue？

U.S Retail Sales

The economic calendar towards the end of the week is lighter, however, the U.S will be in the spotlight again today when retail sales data is released. Core retail sales are expected to increase by 0.1%. Should this miss expectations, be ready for ‘recession’ to be the hottest topic once again.

Not-so-fun fact: Every SINGLE stock in the NASDAQ 100 dropped on Tuesday.The last time this happened？ The pandemic. There has been a weak pullback, at best, on the NASDAQ100 chart above you. The price is currently reacting from a key resistance zone and the retail sales figure could sink the NASDAQ100 to new monthly lows.

Either way, market chaos is continuing right now, and in trading terms, it means volatility is picking up. In times of high volatility, it is vital to be extra diligent in risk management. This includes setting stop losses before you place a trade, and moving your stop loss if your trade is running in profit!

Everyone at Zenfinex hopes you are having a great trading week. If you would like to know more about the products we offer, feel free to visit www.zenfinex.com.

Disclaimer:  Trading Foreign Exchange is highly speculative and may not be suitable for all investors. The leverage created by trading on margin can work against you and losses can exceed your entire investment. Only invest with money you can afford to lose and ensure that you fully understand the risks involved.