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Inflation data and GDP results are the focus for analysts and traders this week

Investors will monitor COVID-19 figures and the vaccines’ progressive rollout this week. The concluding chapter of the new US stimulus package was closed on Friday, February 5 after Vice President Kamala Harris used her deciding 50/50 vote in the Senate, to ensure the financial assistance would become law. Inflation (CPI) in the United States and

Inflation data and GDP results are the focus for analysts and traders this week Read More »

US equity indices approach record highs, European indices close positive for the fourth session in series

Market Commentaries

Signs that the Labour market is improving in the USA combined with encouraging earnings figures helped drive leading US equity indices to near-record highs during Thursday’s New York session. The weekly jobless claims number came in below Reuters forecast of 830K at 779K, the third week in a row the claims number has fallen. Continuing

US equity indices approach record highs, European indices close positive for the fourth session in series Read More »

Equity and currency markets trade in narrow ranges due to inconclusive calendar data

Market Commentaries

WTI oil ended the trading day close to a yearly high on Wednesday, due to US reserves falling sharply (by close on 1 million barrels) during the week according to the latest data from US authorities. At 21:40 UK time, the commodity traded at $55.82 a barrel up 1.97%. Precious metals experienced a mixed day’s

Equity and currency markets trade in narrow ranges due to inconclusive calendar data Read More »

Silver prints an eight-year high, US factory growth slows, oil rebounds from early session losses

Market Commentaries

Silver’s market price rose to an eight-year intraday high of just over $30.00 per ounce during Monday’s trading sessions, breaching R3 before slipping under that critical psyche handle, ending the day trading close to R2 and at $28.78, up 6.79%. Analysts and market commentators suggested that the cohort of Reddit activist traders, who allegedly helped

Silver prints an eight-year high, US factory growth slows, oil rebounds from early session losses Read More »

Will December see US equity markets print fresh record highs and what are the prospects for GBP?

Morning Roll Call

Despite the equity markets selling off during the last session of November 2020, US equity markets, in particular, enjoyed a stellar month. All three leading indices; the DJIA30, SPX500 and the NASDAQ printed record highs during November with the DJIA notable for breaching the 30,000 level for the first time in its history. The optimism

Will December see US equity markets print fresh record highs and what are the prospects for GBP? Read More »

USA GDP and interest rate settings from the Canadian and Japanese central banks, are the stand out economic calendar events of the week.

Forex Trading and Miscellaneous, Morning Roll Call

The trading week begins slowly during the late evening of Sunday April 21st, due to the long Easter weekend and the associated bank holiday days; on the previous Friday and Monday April 22nd. Consequently, the trading volume and liquidity was below the averages on Friday April 19th, across many markets, particularly FX and equity market

USA GDP and interest rate settings from the Canadian and Japanese central banks, are the stand out economic calendar events of the week. Read More »

GPB/USD falls through 200 DMA during the New York session, as USD strength returns to forex markets, USA equity indices rise, as Pinterest makes debut.

Market Commentaries

Sterling has struggled to make gains versus its peers, since the U.K. received an (up to) six month extension from the European council, taking the Brexit date to October 31st, unless the U.K. chooses to leave earlier, by way of a withdrawal deal being agreed in the U.K. Parliament. Retail sales for the U.K. came

GPB/USD falls through 200 DMA during the New York session, as USD strength returns to forex markets, USA equity indices rise, as Pinterest makes debut. Read More »

Focus will be on Mario Draghi on Thursday, when he delivers a statement regarding the ECB’s monetary policy, after the interest rate decision is revealed.

Uncategorized

On Thursday January 25th, at 12:45pm U.K. (GMT) time, the Eurozone’s Central Bank the ECB, will announce their latest decision regarding the E.Z.’s interest rate. Shortly after (at 13:30pm), Mario Draghi, the president of the ECB, will hold a press conference in Frankfurt, to outline the reasons for the decision. He’ll also deliver a statement

Focus will be on Mario Draghi on Thursday, when he delivers a statement regarding the ECB’s monetary policy, after the interest rate decision is revealed. Read More »

GBP/USD reaches 1.40 handle, euro rises on strength of encouraging sentiment data, SPX reaches another record high, oil rises through $64 a barrel.

Morning Roll Call

The U.K. pound finally rose through the 1.400 level versus the U.S. dollar on Tuesday, GBP/USD rose to the critical handle for first time since the Brexit referendum decision was voted for in June 2016. In late trading the currency pair, referred to as cable, was trading at just below the intraday Lehigh at 1.400,

GBP/USD reaches 1.40 handle, euro rises on strength of encouraging sentiment data, SPX reaches another record high, oil rises through $64 a barrel. Read More »

U.S. equity markets set a new record high, Brent crude breaks $70 per barrel handle, euro rises on hawkish ECB statement.

Morning Roll Call

The USA equity markets were obviously simply pausing for breath on Wednesday, as it was back to the business of setting record highs on Thursday, the SPX rose by 0.81% on the day and has now risen by circa 4% in 2018. Some investment bank analysts are suggesting that stocks have higher to rise, on

U.S. equity markets set a new record high, Brent crude breaks $70 per barrel handle, euro rises on hawkish ECB statement. Read More »