Will gold lift into April on the US PCE print?
1 day ago at 29 Mar 2023
In this video, Giles outlines the different risk events that traders can search for using Seasonax’s risk event tool! This is a fantastic tool for searching a whole range of known market moving events.
On Friday the US ISM Non-Manufacturing PMI print will be released and is a major focus for markets. On January the print came in very high at 55.2 and was a sharp spike higher.
So, the best opportunity this week will be if the reading comes in below minimum expectations at 52.4 or lower.
Seasonally, the S&P500 tends to gain after a US ISM Non-Manufacturing PMI print, so a weak print on Friday could provide a decent scalable opportunity! This is one to watch for sure!
Major Trade Risks:
The major trade risk here is that there is another high print which could encourage hawkish Fed bet and that is a natural headwind for the S&P500.
Remember, don’t just trade it, but Seasonax it!
