October 2017

Will the FOMC follow through on their commitment; to raise rates three times in 2017?

In their final meeting of 2017, which will conclude on Wednesday November 1st, the FOMC (the chairs of all the regional Feds), will end their meeting by announcing their decision regarding the key current interest rate for the USA. The announcement is generally followed by a press conference and/or a document, outlining the reasons why […]

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U.S. equities slip as Trump issues effect sentiment, GBP/USD rises as bets increase on BoE interest rate rise this coming Thursday

USA equities fell back on Monday due to a variety of reasons, most notably the vague threat of impeachment versus USA president Trump, if fresh accusations to Russia interfering in the USA general election, are proven to have direct links back to Trump’s election campaign team. Naturally, any threat to Trump’s commitment to lower corporate

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Two interest rate setting meetings, conducted by the Bank of England and the USA FOMC, are the high impact events traders must remain vigilant over this week

Last week saw the three main indices in the USA reach new record highs. In the tech/NASDAQ index, the results/earnings from companies such as Alphabet (formally Google) and Amazon, helped to propel prices in the tech index to its highest daily gain (2.2%), since March 2016. The week ended with USA GDP coming in at

Two interest rate setting meetings, conducted by the Bank of England and the USA FOMC, are the high impact events traders must remain vigilant over this week Read More »

How to come around the uncertainty of the Forex market and adapt our Trading plan

“In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word – Nobody! Thus the successful trader does not base moves on what supposedly will happen, but reacts instead to what does happen”. – Linda Raschke. * One

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WEEKLY MARKET SNAPSHOT 30/10-03/11|Key interest rate decisions from the BoE and FOMC, combined with NFP jobs data, provide the highlights of a major economic calendar news week

The upcoming week is an extremely busy week for high impact news releases, what’s often referred to as “hard data”. The outstanding events are the interest rate decisions from the U.K. and USA and the traditional NFP monthly jobs report for the USA, published on the first Friday of each month. German CPI data is

WEEKLY MARKET SNAPSHOT 30/10-03/11|Key interest rate decisions from the BoE and FOMC, combined with NFP jobs data, provide the highlights of a major economic calendar news week Read More »

ECB tapers asset purchase program, euro slips versus many peers, U.S. equities rise as tax cuts appear to be on the horizon

The ECB announced on Thursday, that the key Eurozone interest rate would remain unchanged at zero percent, whilst the APP would be cut from €60b to €30b a month, beginning January 2018 for nine months. Despite this significant development, the euro fell sharply versus several peers, as despite a reduction of 50%, the taper was

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Sterling rises as U.K. GDP beats forecast, increasing bets on a base rate rise in November, USA equities slip, as earnings miss target and tax cut doubts emerge

Sterling rose by circa 1% versus the U.S. dollar on Wednesday, as U.K. GDP for the third quarter of 2017 came in at 0.4% growth, versus the expectation of a 0.3% rise, maintaining the YoY growth at 1.5%. Investors immediately translated this result as evidence that the BoE’s monetary policy committee, now has the necessary

Sterling rises as U.K. GDP beats forecast, increasing bets on a base rate rise in November, USA equities slip, as earnings miss target and tax cut doubts emerge Read More »

Will the euro react if (as expected), the ECB announces a timeline to reduce its asset purchase program on Thursday?

On Thursday October 26th, at 11:45 GMT, the Eurozone central bank, the ECB, will reveal its decision with regards to the single currency bloc’s interest rate. The current key borrowing rate is zero percent, with the deposit rate below zero, at -0.40%. These emergency rates are still a legacy of the recession the Eurozone found

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DJIA takes out another record high, kiwi reaches a five month low vs. USD, euro rises, whilst sterling slides on BoE base rate doubts and Brexit fears

The DJIA posted another record high on Tuesday, on the basis of improved earnings from certain companies, such as Caterpillar Inc. and 3M, despite relatively thin equities’ trading, which indirectly helped to push up values of the 30 company index. The index added over 200 points at one stage and rose by up to 0.84%,

DJIA takes out another record high, kiwi reaches a five month low vs. USD, euro rises, whilst sterling slides on BoE base rate doubts and Brexit fears Read More »