FBI probe of Clinton kicks off the data/event heavy week - GKFX
This week is marked by a flurry of PMI data releases across the globe, key central bank rate decisions – RBA, BOJ on Tuesday, Fed on Wednesday and the BOE rate decision and Quarterly Inflation Report (QIR) release on Friday.
The week will end with the all important US non-farm payrolls release. Trading such a data/event heavy week is always a challenge. Add to that the fact that the FBI has reopened the investigation of Clinton emails just a week before US Presidential Elections and what we have is a recipe for a perfect storm.
Furthermore, an OPEC output cut deal is looking increasingly unlikely.
How do average investors trade in such a messy market environment? Is it safe to hold cash and wait on the sidelines? Watch the entire segment where Tip TV’s Zak Mir interviews James Hughes, Chief Market Analyst at GKFX. Hughes sheds light on the possible impact of major events/data releases in the wake of heightened US election uncertainty on account of FBI’s renewed probe of Clinton’s emails.
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