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Jan 11, 18 •
4538 Views •
Extras •
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Comments Off on Canada’s interest rate policy will be under scrutiny next week, as the central bank meets to discuss a potential rise to 1.25%.
There’s plenty of speculation regarding the Bank Of Canada’s two day meeting taking place next week, the overwhelming expectation is for a rise from 1% to 1.25%. However, many analysts will offer up several reasons why the central bank may hold back....
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Jan 11, 18 •
3283 Views •
Morning Roll Call •
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Comments Off on USD/JPY slumps as Chinese FX officials consider ending U.S. bond purchases, SPX prints first losing day of 2018, WTI oil reaches high not seen since 2014.
It’s been a while since a Trump statement caused a shock in the markets, on Wednesday his administration put a spanner in the works of North American commerce, by threatening to exit the NAFTA free trade arrangement, which allows (largely unrestricted) open...
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Jan 10, 18 •
2696 Views •
Morning Roll Call •
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Comments Off on U.S. equity markets reach record highs, U.S. dollar continues its recent recovery, yen rises due to the BOJ reduction in bond purchases.
The SPX rose by 2.6% last week, in a shortened week when many investors were stumbling back to their desks. And the index continued its recent bullish momentum, rising by 0.13% on Tuesday, with the DJIA rising by 0.41%, as analysts and traders continued to...
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Jan 9, 18 •
2632 Views •
Uncategorized •
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Comments Off on Sterling rises as U.K. P.M. adjusts ministerial cabinet, euro falls versus majority of peers, dollar index rises.
The euro fell versus the majority of its peers during Monday’s sessions, analysts at leading banks suggested that the reason for the fall was two fold, firstly; lack lustre inflation data for the Eurozone published on Friday, suggests that the ECB won’t...
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Jan 8, 18 •
2738 Views •
Uncategorized •
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Comments Off on Investors will monitor the Eurozone sentiment figures, Swiss CPI and Germany’s factory orders, for reasons to bid up the euro and European equity markets.
Last week ended with the publication of disappointing NFP jobs numbers from the USA; coming in at 148k, versus expectations of circa 190k. A peculiar number suggesting that retailers, working on ever tightening margins, laid off employees earlier than...
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Jan 5, 18 •
3196 Views •
Morning Roll Call •
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Comments Off on Dow Jones index breaches 25,000, U.K. FTSE 100 also closes at record high, gold reaches four month high, euro experiences mixed sessions versus major peers.
All the major U.S. equities; DJIA, SPX, NASDAQ, closed at record highs on Thursday, with the DJIA finally breaking through the 25,000 barrier, representing a one year return of circa 28%. The indices rose despite the USA suffering crippling weather...
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Jan 4, 18 •
5880 Views •
Extras •
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Comments Off on The latest inflation figures for China and the USA will come under close scrutiny, during the first full trading week of 2018.
The first full trading week of 2018 witnesses a return to traditional economic calendar events effecting our: FX, equity and commodity markets. It’s a busy week for Chinese, USA and European data, including several inflation figures, most notably for...
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Jan 4, 18 •
4243 Views •
Extras •
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Comments Off on Will the first NFP release of 2018 continue the recent trend of bullish fundamental economic news in the USA?
On Friday January 5th at 13:30 GMT, the first Non Farm Payroll data of the year will be published. The forecast, from the economists polled by the Reuters news agency, predicts a rise of 188k for December, a fall from the 228k jobs created in November 2017,...
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Jan 4, 18 •
3228 Views •
Morning Roll Call •
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Comments Off on U.S. equity indices reach record highs as manufacturing figures beat forecast, U.S. dollar rises, gold slips
All three major USA market indices reached record highs during Wednesday’s New York trading session; the DJIA, SPX and the NASDAQ rose as a consequence of positive, high impact, fundamental economic releases, that mostly beat forecasts. The ISM...
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Dec 19, 17 •
4314 Views •
Morning Roll Call •
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Comments Off on U.S. equity markets rally, as lawmakers plan to vote on the Trump tax plan in midweek, European markets also rally, whilst gold rises to highest level in a week.
Once again the main USA equity markets rallied on Monday to set new record highs. The dissent and disagreement amongst Republican politicians over the tax plan, appears to have been solved and the expectation is that a vote could now take place as early as...