Are You Prepared for This Week’s Market Mayhem?

If you are unable to see the message below, [click here to view](. Japan, the UK and the US follow last week’s ECB interest rate decision. And there’s more! [Visit our website]( [AvaTrade] Are You Prepared for This Week’s Market Mayhem? The price of oil soared overnight after an attack on Saudi Arabia’s oil infrastructure hit more than half of the country’s production. Saudi Aramco oil facilities were severely damaged in the attacks and returning production to their pre-attack levels "will take weeks, not days," according to two Saudi sources familiar with the kingdom's oil operations. "This is unprecedented in scale, and impact," they claimed. It had so much of an impact, that Stock markets around the world reacted to the news. The price of US Oil Futures traded 10% higher. Gasoline futures, meanwhile, were up more than 9%. Even energy stocks are rallying on the oil price jump. Energy was the only positive sector in the S&P 500. The long-term impact of this mayhem is still yet to be seen and will ultimately depend on how long it takes Saudi Aramco to return to normal production levels. The ability of oil producers to dip into stockpiles may mitigate some of the rise in prices in the near term. However, will there be a premium built into the price to reflect the risk of further attacks? As Tom Kloza, chief oil analyst for the Oil Price Information Service, "This is a big deal”! Are you prepared for more market mayhem this week? But there’s more: Tuesday September 17th at 13:15 GMT US Industrial Production Ahead of Wednesday’s FED rate decision, US production will be scrutinised as Chinese tariffs take their toll. Growth has been steadily declining, and last month, a 0.2% contraction was recorded. With most industrial production aimed overseas, global deterioration spells further trouble – trouble brewed mostly at home. Either way, the data could influence a FED currently divided between hawks and doves. Will the USD react to the news or anticipate the FED? [Trade USDX]( Wednesday September 18th at 09:00 GMT EU CPIs After last week’s interest rate decision, Mario Draghi prepares to pass on a wand made blunt by sluggish growth and inflationary impotence. With core consumer inflation stubbornly remaining below the 1% mark – half the desired target, Wednesday’s reading will provide even more motivation for the European Central Bank to bite down harder into easing measures. Watch the Euro react to the data. [Trade EURJPY]( Thursday September 19th at 1:30 GMT BoJ Interest Rates Bank of Japan Gov. Haruhiko Kuroda has said in the past that lowering rates beyond an already negative 1% is always a possibility. The policy aims to motivate banks into lending their capital to stimulate economic activity, penalising those that “park their cash” with the central bank instead. But the Japanese are a stubborn people, and growth continues to elude the economy. Also, negative interest rates indicate depression and feed an already pessimistic consumer sentiment – pushing spending even lower. Will Kuroda drop rates more? [Trade CADJPY]( [AvaTrade] Trading, CFDs, Spread-betting & Options carry risk and could result in the loss of your capital AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877). AVA Trade Ltd is regulated by the B.V.I Financial Services Commission. Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684). Ava Capital Markets Pty is regulated by the South African Financial Services Board (FSP No.45984). Ava Trade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574). Read AvaTrade [risk disclosure]( before trading Forex, CFD’s, Spread-betting or FX Options. Forex/CFD, Spread-betting & FX Options trading involves substantial risk of loss and is not suitable for all investors. Copyright © 2007-2019 AVA Trade EU Ltd. All rights reserved. [Unsubscribe](