In many ways it defies belief that a modern (supposed) democracy can reach a situation were its economy can be harmed due to the stubbornness of its politicians. The impasse regarding the debt ceiling and setting a new budget appears no closer as the govt. apparatus walks slowly towards an inevitable shutdown. Not even the […]
The hangover from the Fed’s ‘no taper’ decision appeared to seamlessly gel with the drama concerning the USA debt ceiling during the preceding week. Both issues added to market uncertainty, causing the main USA and European indices to retreat during the week, as investor sentiment remained fragile… Many of the manufacturing, service and flash PMIs,
Swing/trend analysis for week beginning September 30th Read More »
One aspect readers may have noticed, regarding the stand off and potential shut down of the USA government, is the lack of estimates on the rise required to the debt ceiling. Some analysts suggest it will be as low as a trillion dollars, a huge sum when observed in isolation, but in context of the
In many of our between the lines and other blog articles we’ve warned of the over reliance on the various sentiment diffusion indices published by firms such as Markit Economics. The opinion, from a select group of analysts, is that their research data is focused on too narrow a range, which in turn prevents Markit
Growth isn’t all that it seems, in the UK, Europe and the USA Read More »
The USA weekly unemployment claims came in at 309K on Thursday, an improvement on the predicted 319K from the analysts polled, however, rather disappointedly these figures still cannot be trusted as certain states’ data still appears to be in a mess. The final GDP figure for USA GDP growth came in at 0.6% for the
USA unemployment claims fall whilst data falls off the grid, as USA GDP falls to 2.48% Read More »
The UK GDP growth, previously estimated at 0.7% for the quarter, has been confirmed by the UK’s ONS in their bulletin this morning. However, the ONS has revised down its forecast for year-on-year growth. the UK’s recovery over the last year has been weaker than first thought; the UK economy only grew by 1.3% over
UK growth unexpectedly falls to 1.3% as USA debt fears continue to stalk markets Read More »
When new traders enter the world of trading they have an idea in their mind’s eye of what trading should be like; trading should be a miniature version of the pre-conceived ideas they’ve developed by casting a look at traders in action on the television; bunches of monitors, traders shouting across a trading desk, sleeves
What should you look for in a home trading set up? Read More »
Treasury secretary Jacob Lew stated on Wednesday evening that the USA government will have finally exhausted its borrowing authority by 17 October, leaving the United States just $30bn cash on hand to pay its bills. The government officially reached its $16.7tn debt limit in May. Since which time it’s been using “extraordinary measures”, such as
German consumer confidence has hit its highest level since before the financial crisis began. The monthly GfK survey of German consumers found a “clear upward trend”, as Germany’s public appear more willing to spend then ever before. Economic expectations were also up, as the eurozone pulled away from recession. GfK’s index of consumer climate beat
German consumer confidence hits six year high Read More »
There are several organizations, who comment on macro economic policy and when they do publish their thoughts and predictions we should all sit up and pay attention. The OECD, The Organisation for Economic Cooperation and Development, is amongst that elite rank of organizations given that they have an unerring ability to predict economic performance correctly.
The OECD warns that the Euro area is still at risk Read More »
