The UK balance of payments data has been published in the morning London session. The prediction was for a minus £11.9 bn deficit, but the figure came in far worse than the economists' predictions at £14.5 bn, thereby exceeding the previous month's figure by €0.9 bn. This figure represents 3.6% of UK GDP. Business investment […]
Mind The Gap; London Market Update And New York Preview… Read More »
The UK balance of payments data has been published in the morning London session. The prediction was for a minus £11.9 bn deficit, but the figure came in far worse than the economists’ predictions at £14.5 bn, thereby exceeding the previous month’s figure by €0.9 bn. This figure represents 3.6% of UK GDP. Business investment
Mind The Gap; London Market Update And New York Preview… Read More »
Fools Gold… As we’ve pointed out several times over recent months one of the oddities regarding the current situation gripping the markets is the continual lack of ‘normal’ correlations. For example, normal would be markets collapsing, ergo a rush into gold and other precious metals. Or for the DJIA to rise and the greenback lose
Between The Lines; Morning Roll Call Read More »
Fools Gold… As we've pointed out several times over recent months one of the oddities regarding the current situation gripping the markets is the continual lack of 'normal' correlations. For example, normal would be markets collapsing, ergo a rush into gold and other precious metals. Or for the DJIA to rise and the greenback lose
Between The Lines; Morning Roll Call Read More »
The UK waves goodbye to Mervyn King with a £375 billion tick a tape parade, otherwise known as quantitative easing… Tuesday saw the last statement from the UK’s outgoing governor of the Bank of England Mervyn King to the all party treasury select committee. This UK government committee overseas the decisions taken by the BOE
Between The Lines; Morning Roll Call Read More »
The UK waves goodbye to Mervyn King with a £375 billion tick a tape parade, otherwise known as quantitative easing… Tuesday saw the last statement from the UK's outgoing governor of the Bank of England Mervyn King to the all party treasury select committee. This UK government committee overseas the decisions taken by the BOE
Between The Lines; Morning Roll Call Read More »
Major indices continue their slump taking certain currencies south in tandem China growth concerns, due to the HSBC ‘PMI’ numbers printing short of economists’ expectations, combined with the lingering impact of the FOMC comments of last week, caused a continuation of the sell off in US stock markets witnessed late last week. The DJIA falling
Between The Lines, Morning Roll Call Read More »
As always, when we experience a seismic shift in sentiment in the FX market, it always looks so obvious in hindsight. Before we begin to concentrate on what may, or may not be new trends that have developed on our major currency pairs and commodity pairs since the fall out of the FOMC meeting of
A Week Is a Long Time In Forex Trading… Read More »
As always, when we experience a seismic shift in sentiment in the FX market, it always looks so obvious in hindsight. Before we begin to concentrate on what may, or may not be new trends that have developed on our major currency pairs and commodity pairs since the fall out of the FOMC meeting of
Is The Trend Still Your Friend? A Week Is a Long Time In Forex Trading… Read More »
Major indices continue their slump taking certain currencies south in tandem China growth concerns, due to the HSBC 'PMI' numbers printing short of economists' expectations, combined with the lingering impact of the FOMC comments of last week, caused a continuation of the sell off in US stock markets witnessed late last week. The DJIA falling
Between The Lines, Morning Roll Call Read More »
