Investors in U.S. markets have ignored the Federal government shutdown; the DJIA and SPX rose to record highs as the first day of the shutdown began on Friday, the general mood of optimism continued through to Monday, as U.S. markets reached new record highs. The DJIA closed up 0.55% and the SPX up 0.81%, with […]
It’s often stated that a week is a long time in politics, a week can also be a long time in the markets. A week after global markets appeared to be in turmoil, as a sell off/correction of 10%+ materialized, U.S. equity markets finally reclaimed some of their lost ground on Wednesday, the DJIA closed
The Shanghai Composite and CSI indices closed up during Wednesday’s trading sessions, coming after the China-USA trade war and tariff rhetoric from America, was dialled down during Tuesday’s trading sessions. The Shanghai closed up 1.91% and the CSI up 2.25% as a consequence of the relief rally, despite certain trade metics for China missing forecasts.
On Wednesday January 30th, at 7:00pm U.K. time, the FOMC (Federal Open Market Committee) will reveal its decision regarding the key interest rate for the USA economy. The current rate is 2.5% and this highly anticipated calendar event, is forecast to result in no change to the rate, according to the Reuters and Bloomberg news
GBP/USD gave up its weekly gains during the late evening trading session on Tuesday, as the U.K. Parliament voted in favour of a political amendment, which will empower the U.K. government to approach the European Union, to ask for the withdrawal agreement to be ripped up, with the backstop removed. The backstop is a mechanism
Traders who trade with European based FX brokers have had to adopt their trading behaviour significantly, after the ESMA ruling came into force in 2018. The rules and new framework that ESMA introduced were, in their opinion, designed to protect traders. The organisation took time out to analyse the industry and came to the conclusion
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Bearish trading in Europe set the tone for Western Hemisphere equities trading on Monday, the main markets in the: U.K., France and Germany all closed sharply down. The U.K. FTSE 100 ended the day down 0.91%, with the DAX ending the trading day down 0.63%. General concerns still linger for European market investors, dampening overall
The U.S. dollar continued to lose further ground versus several of its main peers during the overnight Asian session and the early hours after the London open, as investors and traders turned their attention to the FOMC rate setting meeting, scheduled to take place between January 29th-30th. Versus CHF, JPY, CAD and both the Australasian
Sterling has come under increasingly sharp focus recently, as the U.K.’s divorce from the European Union approaches; scheduled for March 29th 2019. The FX market is often referred to as “reactive”, as opposed to “predictive” and that description appears to have been sustained, by the increased value of sterling versus its main peers, over recent
