June Issue

Top Market Events

Inflation remains a significant concern and is at a 40-year high, with headline CPI at 8.6% and the core reading at 6%. These are both higher than expected.

The readings accompany an upside surprise in the non-farm payroll number, which printed at 390K (vs the forecasted 325K) on 3 June. These point to a hawkish Fed, which will deliver a 50bps hike for June and another 50 bps for July. Pressure now builds for another 50bps in September.

Higher rates typically apply pressure to stocks. Also, inflation, coupled with a runoff in the Fed's balance sheet, should support the dollar. However, we note a concern - initial jobless claims have started ticking up. This increase brings into question the probability of a soft landing. i.e. the ability of the Fed to steer the economy towards a moderate slowdown is becoming more remote, and the danger of running into recession may be growing.

Amazon 20:1 Stock Split – why is it good news for traders?

Did you have Amazon in your watchlist, but weren’t brave enough to hit that buy or sell button due to its high share price? Fear no more - Amazon.com had a 20:1 stock split on 3rd June meaning you can now trade it at a much more affordable price, freeing up your available margin and allowing you greater flexibility in your trading.

And remember, at FXCM you can go long or short easily and trade in fractional shares, creating even greater flexibility to open the trade size you want when you speculate on the movement of stocks.

Interested to learn more on how do Stock Splits work on FXCM platforms? Check out our “Stock Split Treatment” Help article.

Top Traded in May

Find out top traded instruments by trading volume during May 2022 across the FXCM Group.