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Feb 7, 14 •
3432 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Bank of England and ECB avoid base rate decreases, whilst USA productivity improves markedly sending USA indices into minor recovery
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...
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Feb 6, 14 •
2717 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Ratings agency Fitch warns the USA on debt ceiling countdown and the ECB regarding banks’ stress tests
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....
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Feb 5, 14 •
2926 Views •
Morning Roll Call •
Maria Iacob
Comments Off on DJIA recovers some lost ground, Aussie dollar smashes through R2, whilst USA factory orders fall by 1.5%
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...
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Feb 4, 14 •
2661 Views •
Morning Roll Call •
Maria Iacob
Comments Off on DJIA crashes by 325 points as poor economic data weighs heavy on sentiment, whilst another USA debt crisis looms
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...
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Jan 31, 14 •
2743 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Europe’s unemployment data could affect the value of the euro, Canada’s monthly GDP is expected in up 0.2%
There was plenty of negative economic data circulating in the USA on Thursday, however, despite a raft of poor prints the main indices in the USA defied the data and rose strongly throughout the day. Even poor earnings reports from Google and Amazon only...
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Jan 30, 14 •
2226 Views •
Morning Roll Call •
Maria Iacob
Comments Off on The Fed cuts the unbiblical cord with emerging markets, sending out message “you’re on your own” as Fed monetary easing tightened further
There was something entirely predictable with regards to the ending of the FOMC meeting and the announcement that the Fed is cutting monetary easing by $65 bn, ten billion less than previously. Firstly, it met the expectations of the majority of the...
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Jan 29, 14 •
2532 Views •
Morning Roll Call •
Maria Iacob
Comments Off on All eyes on the FOMC meeting conclusion as investors get ready for the taper to recommence
The USA dominated the financial news on Tuesday, starting with durable goods orders which came in down -4.3% for December, after a 2.6% rise in November. Now despite missing expectations (by some margin) and many analysts being shocked, if we take a cursory...
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Jan 28, 14 •
2243 Views •
Morning Roll Call •
Maria Iacob
Comments Off on UK RBS bank still losing money whilst USA markets fail to react to positive PMI data
Despite some extremely positive data from the USA, in the form of services PMI rising to a level not seen since September 2011, the USA markets refused to turn bullish and stayed on a downward trajectory, albeit the selloff was not as severe as experienced in...
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Jan 24, 14 •
2369 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Fears of a China led global slowdown sends USA and European stocks down sharply in Thursday’s trading sessions
Fears of a China-led global slowdown and uninspiring U.S. data caused a selling frenzy on Wall St and throughout Europe on Thursday that ended with equities closing with their worst loss of the year. Major stock indices, such as the DJIA, closed down more...
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Jan 23, 14 •
3029 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Japan’s Abe calls the end of Japan’s deflation era as the loonie collapses further versus its major peers
As the Davos World Economic Forum gets into full flow it’s tricky to keep up with the appearance schedule. Moreover, it’s increasingly difficult to understand why some ‘delegates’ and guest speakers are given so much air time. The...