Big money is moving. Are you ready?
Central bank decisions, major data and geopolitics spell fresh trading opportunities in the week ahead.
SpaceX hits the Nasdaq exchange this afternoon, the biggest stock listing in history with a record $75 billion raised from financial firms.
Trade SpaceX (SPCX) with FXTM from Monday 15th June.
Add a potential US-Iran peace deal to the mix and markets have the ingredients for serious market volatility:
Here are 4 forces that could send NAS100 flying or falling:
SpaceX goes live: SpaceX is now among the largest public companies on the planet and $100 billion in retail buy orders flooded in before it even started trading! It could join the Nasdaq 100 in just 15 trading days. A strong debut may fuel risk-on supporting US equities. A weak debut could hit confidence, sparking risk-aversion across the board.
US-Iran deal hopes: We have been here before. Trump says a deal is near. Markets heard it and liked it with risk sentiment jumping on hopes that 100+ days of Middle East-driven volatility might finally be coming to an end. But sentiment remains fragile as Iranian officials haven't signed anything yet. Until ink hits paper, this is just hope not reality.
Fed decision: The Fed is widely expected to leave interest rates unchanged. The real story is Kevin Warsh stepping up to the podium for his first press conference as Fed Chair. If he strikes a hawkish tone, this may weigh on equities as Fed hike bets jump. A move dovish lean may support equities.
Technical forces: The NAS100 bullish on the daily charts with prices trading roughly 4% away from the all-time high at 30762. A solid breakout above 30,000 may trigger an incline toward the all-time highs. Weakness below 29500 may open the doors toward 28400 and the 50-day SMA.