-
Nov 9, 17 •
2082 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling slumps as political chaos grips the U.K. government, global equities lack direction, Gold’s safe haven appeal resurfaces
The U.K.’s political and Brexit situation is causing investors’ concern. News that certain major international U.S. banks will put London exit plans in place, unless favorable “soft Brexit” progress is made on the negotiations by January, added to...
-
Nov 8, 17 •
2128 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Doubts over Trump’s tax reforms causes USA equities to slip, yen rises, whilst Japan’s main index reaches a twenty five year high
Trump’s Republican Party are facing tough opposition from the Democrats, to push through their tax cut agenda, who have described the fiscal policy as a “total mess”. It must be noted that the DJIA and SPX have risen circa 22% since Trump was...
-
Nov 7, 17 •
2434 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling surges despite Brexit and political uncertainty, U.S. dollar falls due to tax reform doubts, WTI oil spikes as Saudi political turmoil sparks fear of supply problems
Having fallen consistently versus several of its peers last week, as the BoE’s dovish monetary policy statement failed to satisfy investors, the U.K. pound recovered much of its lost ground on Monday; GPB/USD rose by circa 0.7%, whilst EUR/GBP fell by a...
-
Nov 6, 17 •
2177 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on The euro could come under scrutiny on Monday, as the majority of economic calendar publications concern the Eurozone
Last week ended with the U.K. pound left reeling from the battering it took on Thursday, after the BoE announced a base rate rise of 0.25%. It wasn’t that the highly anticipated interest rise was already priced in, it was the accompanying dovish, forward...
-
Nov 3, 17 •
2113 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling crashes versus major peers; falls by 1.75% v EUR and 1.40% v USD, as Bank of England rule out further rate rises, in the short to medium term
The standard economic orthodoxy works like this; when a central bank raises its interest rate, the value of the domestic currency rises, even if the rise has been telegraphed through the media and forward guidance is issued by the central bank some weeks...
-
Nov 2, 17 •
2236 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on FOMC keep rates on hold, U.S. equities rise, Trump appoints Powell as new Fed chair, Swiss franc and yen fall, DAX reaches record high
As forecasted by certain economists, who were polled by news agencies, the FOMC decided to keep the U.S. key interest rate on hold, at 1.25%, with a view to revisit the issue in December. The market reaction was subdued; EUR/USD and GBP/USD maintained similar...
-
Nov 1, 17 •
2060 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling surges due to positive Brexit talks and market anticipation of a base rate rise on Thursday, euro makes gains versus most peers, as GDP rises
The Eurozone delivered positive economic calendar news in the form of hard data on Wednesday, which caused the euro to rise versus many of its peers, with the notable exception of EUR/GBP, where the currency lost ground. GDP figures for the EZ beat both the...
-
Oct 31, 17 •
2063 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equities slip as Trump issues effect sentiment, GBP/USD rises as bets increase on BoE interest rate rise this coming Thursday
USA equities fell back on Monday due to a variety of reasons, most notably the vague threat of impeachment versus USA president Trump, if fresh accusations to Russia interfering in the USA general election, are proven to have direct links back to Trump’s...
-
Oct 30, 17 •
2052 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Two interest rate setting meetings, conducted by the Bank of England and the USA FOMC, are the high impact events traders must remain vigilant over this week
Last week saw the three main indices in the USA reach new record highs. In the tech/NASDAQ index, the results/earnings from companies such as Alphabet (formally Google) and Amazon, helped to propel prices in the tech index to its highest daily gain (2.2%),...
-
Oct 27, 17 •
2143 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on ECB tapers asset purchase program, euro slips versus many peers, U.S. equities rise as tax cuts appear to be on the horizon
The ECB announced on Thursday, that the key Eurozone interest rate would remain unchanged at zero percent, whilst the APP would be cut from €60b to €30b a month, beginning January 2018 for nine months. Despite this significant development, the euro fell...