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Jan 22, 14 •
2215 Views •
Morning Roll Call •
Maria Iacob
Comments Off on USD/CAD reaches 1.1000 for first time since 2009 as BOC considers further monetary stimulus
As the USA markets stumbled into action (after the long bank holiday weekend) it was the Canadian loonie that took centre stage in early FX trading, by reaching a low point versus the dollar not seen since 2009. Looking at the commitment of trader’s report...
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Jan 21, 14 •
2548 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Germany’s constitutional court is due to publish its findings regarding the ECB’s OMT (outright market transactions) programme
The USA markets were closed on Monday due to their bank holiday in recognition of Martin Luther King. As a consequence the markets were relatively quiet throughout the day as the two main trading sessions concentrated on Europe singularly. However, despite...
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Jan 17, 14 •
2158 Views •
Morning Roll Call •
Maria Iacob
Comments Off on USA industrial production is expected in at 0.4% month on month. Retail sales for the UK are expected to come in at 0.5%
A very interesting study, regarding the state of many European banks, was published across several of the wires during Thursday. Reuters were citing academic research from Berlin suggesting that, in order to survive the upcoming stress tests the ECB will...
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Jan 16, 14 •
2293 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Weekly unemployment claims in the USA are predicted in at 327K. The USA Philly Fed manufacturing index is expected in at 8.8
Optimism was in evidence on both sides of the Atlantic in Wednesday’s trading sessions with Europe particularly bullish as Germany’s main DAX index once again posted a record high. The reason for European bullishness was for two reasons; the Euro...
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Jan 15, 14 •
4010 Views •
Morning Roll Call •
Maria Iacob
3 Comments
Tuesday witnessed a bullish mood enveloping both European and USA markets, with the main USA indices gaining much of the ground lost over recent days. The USA markets were not only buoyed by thin positive data, but by the narrative contained in a speech from...
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Jan 14, 14 •
2418 Views •
Morning Roll Call •
Maria Iacob
Comments Off on USA equity markets sell off on Monday as the dollar fell to its lowest level in three weeks versus yen
USA markets slumped on Monday as the dollar fell to its lowest level in three weeks versus many of its major peers. The reason for the selloff is that analysts are expecting retail sales for the USA to be disappointing when they’re printed today,...
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Jan 10, 14 •
2737 Views •
Morning Roll Call •
Maria Iacob
Comments Off on US Senate negotiators finally are closing in on a deal to extend jobless benefits for 1.4M workers, as the NFP print dominates the high impact news events on Friday
Employment and unemployment numbers were the big news events on Thursday for the USA and the news was very positive, particularly the ‘Challenger Report’ which announced the lowest level of layoffs since 1997, a quite incredible and very welcome...
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Jan 9, 14 •
2368 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Dollar rises to four month high after latest FOMC minutes are released Wednesday evening
The ADP private payroll data from the USA came in ahead of expectations on Wednesday at 238K jobs created in December, with an anticipation of 199K. This print is adding to belief that the NFP number, to be printed this Friday, will also...
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Jan 8, 14 •
2255 Views •
Morning Roll Call •
Maria Iacob
Comments Off on DJIA breaches 16,500 to the upside as Boston Fed president states that the unwind from QE3 will be very slow
The DJIA pushed back through the critical 16500 handle on Tuesday as a much better than anticipated balance of payments print for the USA cheered American investors. The market was expecting a print of circa $40 billion as a deficit, but the figure came in at...
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Jan 7, 14 •
2256 Views •
Morning Roll Call •
Maria Iacob
Comments Off on USA markets experience moderate sell off due to poor data prints as gold futures experienced a temporary flash crash
Two economic indices for the USA came in below expectations leading to a muted session on Wall St. with the main indices selling off moderately. The ISM non-manufacturing print came in at 53, whilst the Markit services PMI came in at 55.7. These poor prints...