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On 28th February 2023, CMC Markets released a newsletter predicting some financial market statistics for March 2023. These predictions are based on trends in the financial markets in the last couple of months. The broker included a disclaimer that the deductions are not advisory but rather an insight into likely market trends in March.
Details about CMC Markets predictions for March 2023
The CMC Markets prediction started with the analysis of happenings on Wall Street. The broker emphasized how the US inflation in January led to the recorded lows on Wall Street in February. The broker predicts that Wall Street's investors will focus on the feedback from the scheduled Fed meeting and "the upcoming CPI data" to decide their next line of action.
CMC Markets further predicted that the "inflation trajectory will steer further movement" despite the current pressure on risk assets. The broker also predicts that Gold may "rebound and continue its upward trend since January as market participants may reassess the global economic health and central banks' futures policy path."
Also, following the reopening of China's business links earlier this year, after Covid-19 restrictions and disruptions, CMC Markets predicts specific market changes. The broker suggests that there's likely to be a new wave of rebound which will boost the Oil market this month. It also adds that Russia's plan to cut output production may also contribute to this boost.
CMC Markets also predicts that the 13% slide in the Hang Seng Index, which occurred in February, may bring about a decline in the Chinese stock markets. The broker further adds that the downward trend may appear strong, however, other market variables hint at a total recovery.
In summary, CMC Markets is certain that China's rebound will be a "bumpy journey and uncertainties will bring volatilities as well as opportunities." These predictions are based on recent market statistics, which appear to have played out thus far this month.
About CMC Markets
CMC Markets was established in 1989 as a "Currency Management Corporation." The name was later abbreviated to CMC and then changed to CMC Markets in 2005. Today, the broker offers online trading in shares, spread betting, forex, CFDs, and foreign exchange across world markets.
CMC Markets has its headquarters in London. The broker also has offices across various international regions. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).
The broker has received several awards in recognition of the quality of its services. These include No. 1 Platform Technology in 2022 and Best CFD Broker at the Finance Magnates London Summit in 2016.
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