Morning Roll Call

A raft of poor data from the USA results in the DJIA closing down marginally

Feb 19, 14 • 1032 Views • Morning Roll Call • 1 Comment

There was a raft of fascinating data courtesy of of the USA on Tuesday much of it negative. The Empire manufacturing index collapsed by 8 points to 4.5. Builder confidence collapsed by ten points to 46. Whilst consumer debt increased by a worrying amount, a...
Is the Eurogroup actually calling the end of the Eurozone crisis?

Feb 18, 14 • 843 Views • Morning Roll Call • No Comments

Monday was a relatively quiet day for high impact news events and or fundamental policy decisions due in the main to the bank holiday in the USA, but that hasn’t deterred us from scouring the various wires in order to being you up to date with the key...
Retail sales fall in the USA whilst weekly unemployment claims edge up once again

Feb 14, 14 • 827 Views • Morning Roll Call • No Comments

The Kiwi reacted neutrally to the news that food prices in NZ had risen by 1.2% in January 2014. Fruit cost was up 7.4%. In other NZ news house sales have fallen, down 4.3% versus January 2013 and over 17% less than December 2013. Nationally house prices have...
A tale of two central banks’ indecision and flops

Feb 13, 14 • 890 Views • Morning Roll Call • No Comments

Wednesday was a very skittish and haphazard day with regards to policy decisions and high impact news events. The strangest story came by way of the ECB and the various mandarins and apparatchiks hovering at the heart of its mechanism. It was incredibly hard...
Janet Yellen’s first testimony goes well as she voices concerns of the real levels of USA unemployment

Feb 12, 14 • 775 Views • Morning Roll Call • No Comments

All things considered the new Federal Reserve chairperson Janet Yellen made a very impressive ‘debut’ on Tuesday, she quickly ‘moved through the gears’ covering many subjects expertly. A brief synopsis of her speech we’ve...
Housing starts in Canada come in as expected whilst USA consumers expect significant wage rises this year

Feb 11, 14 • 900 Views • Morning Roll Call • No Comments

The afternoon session in New York and London on Monday was both light on volatility and high impact news events. Canada’s annualised housing starts at approx. 195,000 units came in as analysts expected, thereafter a deputy governor of the Canadian...
Bank of England and ECB avoid base rate decreases, whilst USA productivity improves markedly sending USA indices into minor recovery

Feb 7, 14 • 878 Views • Morning Roll Call • No Comments

Both the UK’s and Europe’s central bank decided to keep their base interest rates at record lows on Thursday, the ECB’s decision not to lower and the accompanying narrative courtesy of the bank President Mario Draghi, caused the euro to...
Ratings agency Fitch warns the USA on debt ceiling countdown and the ECB regarding banks’ stress tests

Feb 6, 14 • 708 Views • Morning Roll Call • No Comments

Just as the UK appeared to be clawing itself slowly from a deep recession, fresh data, delivered on what appears to be a daily basis, is throwing into question the accepted wisdom that the UK is straining at the leash to leave its recent darker days behind....
DJIA recovers some lost ground, Aussie dollar smashes through R2, whilst USA factory orders fall by 1.5%

Feb 5, 14 • 778 Views • Morning Roll Call • No Comments

After it’s circa 325 points sell off on Monday the DJIA settled to close up 0.47% on the day on Tuesday. Still below the critical handle of 15,500 which (with hindsight) very few analysts expected to be breached within a week of the USA FOMC’s taper...
DJIA crashes by 325 points as poor economic data weighs heavy on sentiment, whilst another USA debt crisis looms

Feb 4, 14 • 727 Views • Morning Roll Call • No Comments

It’s been a while since we experienced a significant sell off and risk off trading environment across many securities and indices. Monday’s trading sessions proved that the combination of; weak Chinese data, poor USA data and the looming debt...