France served up two disappointing sets of data and information this morning; a government minister admitted that the 2013 deficit will miss its target, whilst industrial production missed the expectations of the economists polled in a recent survey. Once again this survey and comments suggests that certain European countries, such as France, have some way […]
The World Trade Organisation is refusing to be taken in regarding co-ordinated talks of a global economic revival. It cut its forecasts on Monday for trade growth, due to Europe’s weak economy. The WTO now expects world trade to expand by 2.5% in 2013, down from 3.3%. It also lowered its 2014 forecast to
WTO cuts growth forecasts as UK chancellor remains bullish regarding the UK Read More »
There are times when the USA economy surrenders up data that appears completely at odds with (and at the end of) its own ‘twilight-zone’ spectrum. We learned on Monday that USA credit had risen by an annual rate of 4.4%, the bulk of the rise due to an increase in the uptake of student debt
USA Consumer Credit Rises Whilst Key Banks Cut Mortgage Jobs Due To Rate Rises Read More »
Japanese Data Defies Expectations, Whilst The UK’s Chancellor Beats The UK Business Drum Good news and bad news greeted Japan’s economy this morning; a consumer confidence survey came in down for the third successive month in series, whilst Japan’s GDP figure increased to 0.9%, suggesting that once again the country’s economy is experiencing a form
London Session Update Pre New York Opening Read More »
Whilst the diplomatic crisis in Syria continued to dominate the fundamental discussion in the mainstream media during the preceding week, many of the most active markets continued their recent unbroken momentum trends. There were several high impact economic publications that supported the general feel good factor, suggesting that global economies are improving. From building approvals
Trend Trade Analysis For The Week Beginning September 8th Read More »
Germany’s Trade Surplus Shrinks As The UK Posts Poor Trade And Production Results You have to wonder if the UK government and various business journalists have been premature in calling the UK’s recession over and suggesting that the UK is in a pattern of growth. Technically the UK recession is over and revisionist ONS figures
Mid Morning London Session Update Pre New York’s Open Read More »
The best piece of advice we’ve come across with regards to trading FX during the publication of the NFP jobs number is don’t, “don’t trade it”. Actually that’s not the whole story, let us explain… Firstly to try and enter the market during such a volatile time can be tricky. Your orders, fills and stops
NFP Day, The Do’s And More Importantly The Dont’s… Read More »
The Bank for International Settlements published its latest findings regarding the growth of foreign exchange trading on Thursday. FX swaps were the most actively traded instruments in April 2013, at $2.2 trillion per day, followed by spot trading at $2.0 trillion. It’s worth a closer look at the BIS report in order to analyze just
Forex Trading Just Keeps On Growing And Growing… Read More »
The Bank Of Japan Maintains Stimulus Sending USD/JPY Through 100 Barrier As Australian Trade Balance Crashes Into The Red At its monthly meeting Japan’s central bank, (the BOJ), decided to maintain its stimulus (monetary easing) at the same rate of ¥60-70 trillion, ($600/700bn) per year. The officials at the bank believing that Japan’s economy is
Mind The Gap; Mid Morning London Session Update Before New York Opens Read More »
Positive USA Data Cheers Markets Despite Potential Syrian Conflict Escalation Despite opening in negative territory and remaining there for much of the morning session on Wednesday, European markets finished mainly in the green after positive data from the USA floated many of the boats at sea and PMI service sector results proved bullish, with the
