You have to question what represents "normal" in terms of central bank base interest rates in the current economic climate. Many of the globe's leading central banks and the rate setting policy units attached through their associated governments, have pursued aggressive zero interest rate policies (ZIRP) for so long, you begin to wonder if our […]
What Happens When (If) Interest Rates 'Normalize'? Read More »
As we predicted in our early morning call Thursday was dominated by the president of the ECB, Mario Draghi, giving his conference speech. This came after the announcement was made via Eurostat that base interest rates, in particular the deposit rate, would remain static. The bullish speech delivered by Mr. Draghi, with specific reference to
Morning Roll Call; Between The Lines Read More »
Germany's factory orders came in way below expectations yesterday, the economists polled by Bloomberg expected a 1% drop and the published figures indicated a 2.3% drop, which was quite a miss. However, the euro appeared to brush this news aside and stay on its bullish intraday trajectory, eventually finishing at its highest rate versus the
Don't Trade The News, Trade The Reaction to The News Read More »
Germany’s factory orders came in way below expectations yesterday, the economists polled by Bloomberg expected a 1% drop and the published figures indicated a 2.3% drop, which was quite a miss. However, the euro appeared to brush this news aside and stay on its bullish intraday trajectory, eventually finishing at its highest rate versus the
Don’t Trade The News, Trade The Reaction to The News Read More »
Yesterday the Eurozone (and more specifically Spain) finally received some positive news on the dire unemployment situation which has disproportionately hammered Spain’s youth employment prospects. To describe the news that unemployment had stopped rising, and conducted a hand brake turn that a stunt driver in Fast & Furious 6 would be proud of, would be
The Rain In Spain Falls Mainly..Or Has It Stopped Falling? Read More »
So the Wednesday numbers and the scores published on the various analysts’ doors, exceeded expectations. Well sort of… The ADP jobs report numbers pitched in with a healthy 135,000 new jobs added. However, as is customary with ADP, the last set of results in April, came with the now expected revision downward. The numbers for
Morning Roll Call, Between The Lines Read More »
In the overnight session the Australian first quarter growth figures were produced and the publication disappointed analysts, albeit the prediction versus the actual published fact was marginal. The 0.6 per cent quarterly expansion, below analyst expectations of 0.7 per cent, caused speculation that the Reserve Bank of Australia will look to cut cut base interest
Australia Doesn’t Need To Dig Itself Out of The Hole It’s Created Read More »
Yesterday the Eurozone (and more specifically Spain) finally received some positive news on the dire unemployment situation which has disproportionately hammered Spain's youth employment prospects. To describe the news that unemployment had stopped rising, and conducted a hand brake turn that a stunt driver in Fast & Furious 6 would be proud of, would be
The Rain In Spain Falls Mainly..Or Has It Stopped Falling? Read More »
So the Wednesday numbers and the scores published on the various analysts' doors, exceeded expectations. Well sort of… The ADP jobs report numbers pitched in with a healthy 135,000 new jobs added. However, as is customary with ADP, the last set of results in April, came with the now expected revision downward. The numbers for
Morning Roll Call, Between The Lines Read More »
So summer time is upon us and (depending on how profitable you've been this year), your thoughts may begin to planning a summer break. If it's not been a great year for you (so far) and all you can afford is a campsite rather than canapés in the Caribbean, then you have my sympathy. Having
Don't Be a Forex Hedgehog, Be a Forex Fox! Read More »
