The DJIA index appeared to briefly escape the clutches and stranglehold of the debt ceiling crisis on Wednesday. The Whitehouse, getting back to the normal business of nominating (or more likely announcing ) Janet Yellen to the position of Chairman of The Fed, appeared to both add an aura of calm and perhaps a ‘healthy’ […]
It’s noticeable just how fickle consumer confidence is in the USA when faced with a political and economic crisis. Similar to many analysts and market commentators, in this column we’ve long held the view that the USA economy had topped out and was only moving forward due to the QE to infinity programme Ben Bernanke,
USA consumer confidence evaporates whilst UK manufacturing finds reverse gear Read More »
It’s no wonder that new traders quickly develop unrealistic ambitions once they’ve committed to enter the FX market as a trader. If they find FX by way of links to various forums, or by searching through search engines such as Google, they’re initially bombarded with adverts promising riches beyond their wildest dreams. And lately, with
The IMF finally added its voice to the opinions of; APEC, Chinese officials, Japanese officials, Goldman Sachs, the USA Treasury chief, and other assorted bank chiefs and analysts regarding the debt ceiling. There was one other voice who added his opinion later in the day on Tuesday; in the gravest of tones president Obama made
IMF lowers its global growth targets and warns USA of debt ceiling impasse Read More »
We start with a title which should remind those investors and traders, who have been seduced by many of the bullish statements from the E.U. and ECB over recent weeks, that the recovery in the Eurozone and as a consequence the wider European region, is far from certain and certainly isn’t underpinned by solid foundations.
German exports fall in August 2013, down 5.4% on August 2012… Read More »
UK winter will be officially recognised as the clocks ‘move forward’ by an hour at the end of October. This cultural relic ensures that it’ll go darker in the UK an hour earlier; instead of the UK skies darkening at approx. 5:30 p.m. they’ll darken at approx. 4:30 p.m. The original idea behind the concept
Many investors are aware that China is the largest holder of USA debt in the form of U.S. Treasuries, therefore when Chinese officials raise their concerns, with regards to the current impasse, investors, analysts and traders should sit up and take notice. As the biggest single holder of US debt, China would be at the
In our morning roll call publication (printed this morning) we quoted U.S. Treasury secretary Jacob Lew sharing his concerns regarding the USA debt ceiling impasse, for those who missed it the key quotation is worth repeating; [quote]On the 17th, we run out of our ability to borrow, and Congress is playing with fire. If they
The USA debt impasse begins to get ‘real’ as European economic sentiment falls… Read More »
Fundamental analysis The continued impasse, at the heart of the USA government – Congress, not only dominated the financial mainstream media during the preceding week, it also overlapped by dominating the political landscape. One of the many key high impact news events in the calendar, the NFP (non farm payroll) employment count, which investors partly
Trend analysis for the coming week beginning Sunday October 6th Read More »
Despite the sweeping generalization peddled by the mainstream media (that 800K government workers and civil servants are not getting paid), due to the various anomalies within the USA government, as to how and why certain employees are paid, ensures that not all government workers are ‘enjoying’ a few days unpaid forced leave… As we noted
As the USA government shutdown enters its fourth day the effects are starting to be felt Read More »
