In this weeks market update, Mike and Rory discuss the quiet events of last week
and the low number of economic data releases. The blokes then talk about the
main focus of this week, the US CPI which came out at 4% Vs 4.1% expected.
Mike discusses what this means given the lower than expected unemployment data that
was also released by the UK on Tuesday morning and why he thinks this allows
for great longs on GBP/USD.
Rory shares his thoughts on what this could mean for FOMC meeting on June 14th where
the fed are predicted to not increase interest rates given the favourable data
in the United States. Rory shares his thoughts of why oil prices moved higher
on Tuesday given the positive news from China regarding economic stimulus and
the affect this also has on metals such as copper.
Mike and Rory also discuss what the energy market is doing and the warnings that are
in place from OPEC regarding short selling speculation and how an increase in
energy prices, in particular oil could have a major effect on CPI data around
the world.
On Thursday, 15th June, Mike and Rory are also hosting a few drinks at a central
London location so be sure to join the app to find out more details of the free
event.