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Mar 2, 18 •
5016 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on UK manufacturing PMI held a pleasant surprise yesterday and US manufacturing activity remains strong. All eyes will be on Prime Minister May speech today
The UK Markit PMI for manufacturing held a pleasant surprise despite the fact that it did not rise, but it held better than expected (55.1) coming at 55.2 down from 55.3. Still, it is the third consecutive decline and compares with the 56.9 average in Q4 17...
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Mar 1, 18 •
3455 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equity markets suffer their worst month since 2016, sterling slumps, as European Union negotiators turn up the heat on U.K. government’s Brexit plan
February 2018 has proven to be one of the most volatile and tumultuous months for equity markets, witnessed in many years. The month has closed out with the largest fall in the main equity markets (DJIA and SPX), seen in two years. The February fall for the...
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Feb 28, 18 •
3015 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equities fall and USD rises, as investors translate Jerome Powell’s testimony as hawkish
The economic news calendar was dominated by American fundamentals on Tuesday with the calendar releases and political events. The recently appointed Fed chair Jerome Powell wasted no time, during his testimony in front of a House committee, when suggesting...
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Feb 27, 18 •
5096 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on USA equities continue their recent bounce back, USD rises, whilst investors await Fed chair Powell’s first appearance before a House panel
U.S. equity markets and overall investor sentiment, appears to have discovered an equilibrium position. The subjects of inflation, bonds, market valuations, and the U.S. dollar value, are no longer the overall concerns that caused the sudden sell off,...
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Feb 26, 18 •
5736 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equity markets ended last week with a significant rise, and investors will focus on the USA GDP figures this Wednesday to judge the direction of equities and the U.S. dollar
U.S. equity markets reversed their earlier weekly losses on Friday, with the SPX rising by 1.60% on the day, the rise has now placed the index back in positive territory for the year; YTD the rise was 2.79% at Friday’s close of business. Both the DJIA and...
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Feb 23, 18 •
2578 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. markets rise after two days of losses, U.S. dollar index falls, and yen rises versus peers
Equity markets in the USA broke their two day losing streak on Thursday, as both the DJIA and SPX closed up, encouraging jobless claims. Falling to a five week low, and continuous claims also falling, added to the overall mood of investor optimism during the...
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Feb 22, 18 •
4244 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on FOMC minutes underscores the Fed’s faith in the USA economy, but provides no clues regarding interest rate rises, U.S. dollar continues recent recovery
The FOMC minutes, relating to the January 30th-31st meeting were released on Wednesday evening and they offered up very little in the way of clues, regarding the timing of interest rate rises in 2018. Instead the minutes accentuated the positives in the USA...
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Feb 21, 18 •
4703 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equities sell off, gold falls, U.K. pound rises on Brexit optimism, and U.S. treasury auction raises eyebrows
Both main USA equity markets, the DJIA and SPX, sold off during Tuesday’s New York session, as the markets raced back into life after the close for the President’s Day bank holiday. Both key indices eventually closed down, ending an unbroken winning...
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Feb 20, 18 •
5107 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. dollar stabilises, yen falls, European equity markets slip, while gold and WTI oil rise
In a relatively quiet trading day, due to markets being closed as a consequence of President’s day in the USA, the majority of FX pairs traded sideways in tight ranges, throughout the day’s trading sessions. There was very little medium to high impact...
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Feb 16, 18 •
4599 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Global stocks continue recovery, dollar continues its slump, as USD/CHF falls to a low not seen since June 2015, gold continues recent rally
The investor tantrums, in relation to inflation fears bringing forward FOMC rate rises, are rapidly fading memories, as the SPX has now enjoyed its best five day rally since 2011. Traders and investors are regaining their confidence and several analysts and...