-
Jan 13, 17 •
2559 Views •
Morning Roll Call •
Maria Iacob
Comments Off on US equities fall with the dollar, PIMCO believes the damage to sterling is not over, whilst gold rejects the $1,200 price level.
Based on the demand for safe haven assets, the Chinese lunar new year approaching and the ongoing cash ban turmoil in India, Gold has so far risen by circa 4% in 2017. Gold initially rallied to a seven week high on Thursday, as investors also rotated back...
-
Jan 12, 17 •
3208 Views •
Morning Roll Call •
Maria Iacob
1 Comment
During the London trading session on Wednesday morning, there was a raft of publications from the UK’s official statistics bureau (the ONS) released, concerning the UK’s current economic performance. The markets and investors appeared to ignore...
-
Jan 11, 17 •
2844 Views •
Morning Roll Call •
Maria Iacob
Comments Off on The UK’s FTSE 100 index closes at record highs, whilst sterling takes a battering.
The UK’s main index, the FTSE 100, has recently enjoyed its longest winning streak since 2011, printing record highs on each day. Although on closer inspection, it becomes apparent the rise is not necessarily performance driven. Due to the majority of...
-
Jan 10, 17 •
3182 Views •
Morning Roll Call •
Maria Iacob
Comments Off on MORNING ROLL CALL
“And then I go and spoil it all by saying something like; “Brexit means Brexit”.” For any traders within our community, caught out by sterling’s sell off versus (just about any of) its currency peers, you deserve sympathy. The...
-
Jan 6, 17 •
2796 Views •
Morning Roll Call •
Maria Iacob
Comments Off on MORNING ROLL CALL: Friday is “NFP day”, let’s be prepared.
Gold traders appear to be bullish for 2017 according to a recent survey, as the dollar comes under pressure. Friday is “NFP day”, let’s be prepared. In a recently published Bloomberg survey the analysts questioned appeared to indicate...
-
Jan 4, 17 •
2723 Views •
Morning Roll Call •
Maria Iacob
Comments Off on The Dollar reaches a 14 year high versus the euro, whilst a European market technically enters a bull market.
Certain European equity markets enjoyed a bounce during Tuesday’s trading sessions, primarily as a consequence of data emanating from Germany. Inflation beat expectations in Germany, beginning to threaten the 2% gauge the ECB considers as the target...
-
Jan 2, 17 •
3354 Views •
Morning Roll Call •
Maria Iacob
1 Comment
In the Chinese year of the Fire Rooster, don’t be too cocky. London is still the major FX trading venue globally, therefore, with the UK’s holiday season extending to what’s termed a “bank holiday” on Monday, trading volume in FX...
-
Dec 30, 16 •
2789 Views •
Morning Roll Call, Uncategorized •
Maria Iacob
Comments Off on MORNING ROLL CALL
Recent Fed base rate rise hits USA trade gap as dollar rises. It’s less than a month since the USA Fed raised the base interest rate by 0.25% and so far the USA equity markets and the dollar have responded positively. Equities have consistently printed...
-
Dec 29, 16 •
2517 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Morning Roll Call
USA equity markets in retreat mode, UK’s FTSE 100 closes at record high, the dollar rises, whilst sterling and the euro fall versus their major peers. During the New York trading session on Wednesday the main USA equity markets sold off sharply. The...
-
Dec 28, 16 •
2168 Views •
Morning Roll Call •
Maria Iacob
Comments Off on USA consumer confidence reaches a thirteen year high, DJIA approaches 20,000, USA dollar nears highest point in a decade.
Two key confidence measures were released in the USA on Tuesday. Firstly, the Case-Shiller index revealed that house prices in the USA rose by 5.1% on an annual basis. All 20 cities in the index showed a YoY gain, the highest gain reported was a 10.7 percent...