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Aug 31, 17 •
2259 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equities and the dollar rise, as the USA’s Q2 GDP reading beats forecast, gold maintains its position above $1300 per ounce
Despite the tropical storm Harvey making landfall for the second time in as many days and the clean up cost now being calculated at $200b by some estimators, the USA economy was delivered some good news on Wednesday, in the form of the GDP data coming in at...
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Aug 30, 17 •
2030 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Gold reaches a 2017 high due to North Korean tensions, European indices slump due to Brexit issues
As the USA presidential administration battled with the chaos in Houston and Louisiana, caused by tropical storm Harvey, the North Korean presidential administration appeared to take advantage of the USA’s attention drift, by firing long range missiles...
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Aug 29, 17 •
1752 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Gold price breaches 1300.00 handle, insurers drag down the U.S. indices as a consequence of hurricane Harvey
As the tropical storm named Harvey continued to batter the USA’s fourth biggest city of Houston, investors and analysts began to survey where the damage, in terms of the financial cost, would hit hardest. Insurance companies’ valuations were naturally...
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Aug 28, 17 •
1910 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. Dollar falls to its lowest value since January 2015 versus a basket of currencies, due to Janet Yellen’s dovish tone
At the Jackson Hole meeting on Friday, the leaders of both The Fed and the ECB issued very different proclamations with regards to their central banks’ current positions and future guidance, which caused their respective currencies to move in polar opposite...
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Aug 25, 17 •
2175 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on The U.K. economy delivers some worrying data, U.S. stocks fall due to political uncertainty, oil slips as a hurricane approaches Texas
The U.K. stats agency the ONS, delivered data which concerned both investors and analysts during Thursday’s trading sessions; GDP Q2 growth came in as expected at 0.3%, keeping annual growth on target for 1.7%. However, based on the current trajectory,...
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Aug 24, 17 •
2078 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Save haven assets rise as Trump’s threat to shut down USA govt, sparks fear over debt ceiling
USA equities fell for the first time in three days as a consequence of Trump’s threat to shut down the USA govt if he doesn’t get funding to build his infamous “Mexico wall”. A domino effect then took shape, as analysts and investors quickly moved...
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Aug 23, 17 •
2063 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Global stocks rise as political tensions cool, whilst optimism rises as central bankers are set to meet at Jackson Hole
Markets often rise before a scheduled meeting of the most powerful global banking individuals takes place. The G7 or G30 meetings and the world trade forums, often instil a sense of confidence in investors, a rational belief that the key movers and shakers...
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Aug 22, 17 •
1959 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Euro rises, cable rises, USA equities end the day in stalemate, oil slides by circa 1.5%, gold rises
The UK’s asking house price index published by Rightmove, revealed that asking prices fell by -0.9% in August and by -2% in London. YoY nationally prices are still up 3.1%, a rise from the 2.8% recorded in July. In a relatively quiet day for economic...
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Aug 21, 17 •
2068 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on New Zealand credit card spending, Swiss financial data, Canada’s wholesale sales and USA auctions begin the week
Last week’s news began with Trump dominating market movements, due to the political game of risk and the subsequent impasse with North Korea. As the temperature of the potential conflict was dialled down; from boiling point to simmer, the next self...
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Aug 10, 17 •
2215 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Safe haven assets, such as the Swiss franc, yen and gold were in demand, as Trump cranks up warmonger rhetoric versus North Korea
It’s been a few weeks since a verbal outburst, or an ill advised tweet from the USA president, moved our markets. Readers may recall that, shortly after Trump’s inauguration, we warned that another economic category should be added to the...