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Aug 9, 17 •
2295 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling falls, yen rises, U.S. equities slip, despite JOLTS reaching a record high, European equities close up, gold whipsaws
The trading day began on Tuesday with disappointing Chinese data that failed to move the markets. Quite a comparison from previous years, when any signs that the engine of global growth was cooling, would send shockwaves through international markets. Exports...
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Aug 8, 17 •
2276 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on DJIA reaches another record high, dollar inches up, euro advances, New Zealand dollar falls, due to inflation expectations
The most prominent action in Forex markets during Monday’s trading sessions, came courtesy of the New Zealand dollar as a consequence of the two year inflation forecast (for the third quarter), missing the forecast; coming in at 2.07%, versus last...
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Aug 7, 17 •
2191 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Germany’s industrial production, USA monthly consumer credit, UK house prices, Swiss CPI are Monday’s standout data
Monday starts the week with Chinese data concerning the current account balance and foreign reserves, both figures expected to reveal marginal improvements. USA data is released early morning concerning mortgage delinquencies and mortgage foreclosures over...
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Aug 4, 17 •
2146 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling slumps, as BoE keeps interest rate at 0.25% and lowers U.K. growth target, euro rises, gold inches up
As widely predicted, the UK’s BoE division, the monetary policy committee, revealed they’d voted to keep the UK’s interest rate at a record low of 0.25%. This was a rate implemented as an emergency policy, immediately after the UK’s...
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Aug 3, 17 •
2138 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on DJIA reaches intraday high of 22,000 courtesy of Apple rising 5%, euro, sterling and oil rise, gold ends the day flat
As predicted it wasn’t so much “if”, but rather “when” the DJIA would finally breach the 22,000 handle. And on mainstream media TV channels on Wednesday, there were many images of middle aged men wearing jackets, emblazoned with...
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Aug 2, 17 •
2197 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on DJIA reaches a new record high, oil slumps, gold rises to seven week high, euro and sterling rise versus several peers
Just as it was highly likely that the DJIA would be drawn to the 22,000 handle, it was somewhat inevitable that price would reject the level, given the cluster of orders located close to this critical psyche level. A record intraday high of 21,990 was...
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Aug 1, 17 •
2245 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. dollar continues its recent fall versus euro and sterling, DJIA approaches 22,000, oil pushes through $50
Despite trading in USA equity markets being approx 10% below the thirty day moving average, both the DJIA and SPX closed up on Monday, the DJIA pushed through R2 to close at a new record high and is now ominously closing in on the next major target, the...
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Jul 31, 17 •
2406 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on The RBA and BoE announce interest rate decisions, Markit PMIs and ISM data feature prominently, NFP jobs data released
Sunday evening we’ll learn the building permits figure from New Zealand and the latest (provisional) industrial production figures from Japan. YoY production in Japan is forecast to fall to 4.8% in June, from 6.5% in May. The shock -3.6% monthly...
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Jul 28, 17 •
2319 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equities slip in late trade, dollar recovers some recent losses, oil and gold make modest gains
Australian import prices fell by -0.1% and export prices fell by -5.7% in Q2, initially the Aussie reacted positively to the data. However, the gains were short lived and several Aussie pairs eventually turned negative throughout Thursday’s trading...
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Jul 27, 17 •
2147 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. dollar falls as FOMC announce interest rate maintained at 1.25% and commit to unwinding the Fed’s balance sheet
As widely expected, the FOMC announced that the key interest rate in the USA would remain at 1.25%. In their follow on statement accomplishing the announcement, the committee aired concerns that inflation is below the target of 2%, whilst also committing to...