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Nordea Derivatives 2021 Launching!

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Market Analysis for the beginning of February: RBA and BOE interest rates

01.02.2021

We have started a brand new week and a new month, after obtaining an outstanding +10.24% of gross profitability in January.

As usual, our risk-adverse approach and effective polieconomics and geopolitical anaylsis have thrown a very stable equity growth with ultra low risk.

This week ahead, beginning of February 2021 we have a quite interesting economic calendar if we are to consider heavy central banks decisions with the AUD interest rate tomorrow Tuesday 2nd and the GBP interest rate on Thursday 4th.

Consensus is that rates will remain unchanged but as usual we have to carefully read the tone and the approach of the monetary policies for the short and medium term.


Aside from those we have ADP employment change in the US on Wednesday, and further other events which will bring some volatility to the markets but nothing to have a heavier effect on our portfolio.

As usual, it is of outmost importance to remain on the safe side of the markets when we have major events - and yet we have to keep considering the COVID 19 variable at the moment of assessing risk and making market decisions.

We wish everyone a safe and profitable week ahead in light of these events!

Nordea Derivatives.
 
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