On Wednesday 31st January at 19:00 GMT (U.K. time), the FOMC will reveal their decision regarding USA interest rates, after holding a two day meeting. The Federal Open Market Committee is a committee, within the Federal Reserve System, which has the responsibility under United States law of overseeing the nation’s open market operations, such as; […]
The main USA equity markets, the DJIA and SPX, experienced a modest pull back during Monday’s New York session, whilst the dollar rose moderately as bond rates also rose. Viewers of Bloomberg news and other financial media, will have noted that market experts were immediately lined up to be asked if “the equity markets were
It’s a well-known phenomenon that economic forum meetings convey an air of confidence to investors. Once the forums close we’re generally left with an impression that the political leaders of the world have got our backs and that they’re experts, completely in control and in charge of their brief. The end result is that during
In a week packed with high impact economic data releases, France and the Eurozone deliver their latest GDP figures on Tuesday, the expectation is for both to remain unchanged, whilst the main inflation reading (CPI) for the Eurozone is also expected to remain unchanged at 1.4%. The latest USA confidence reading will be revealed, in
The euro rose versus many of its peers during the afternoon session on Thursday, after Mario Draghi delivered what was generally regarded as a hawkish statement, during his press conference, held after the ECB announced that the interest rates would be kept at 0.00%. Mr. Draghi testified that growth in the Eurozone’s economy was broad
Both the U.K. and USA statistics agencies publish the last quarter GDP figures for 2017, on Friday January 26th. Both readings will be carefully monitored for any signs of economic weakness, or continued strength, as the year came to a close. The U.K. reading will be carefully watched for further signs that the impending Brexit
It’s been a while since a Trump tweet, or statement caused a sell off in the USA market indices or the dollar; the USD slumped versus all of its peers on Wednesday after Stephen Mnuchin, the Treasury Secretary, gave an interview at Davos in which he stated that the dollar was too high. An extraordinary
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
As widely predicted; the USA markets ignored the impending and then actual Federal government shutdown and roared to new record highs, the SPX market breached the 2,800 level for the first time in history on Friday and is now up over 5% in 2018, whilst the DJIA ended the week up 0.21% at the close
The ECB will reveal its latest decision with regards to interest rates, the key rate is at 0.00% and there is no expectation for a rise. However, the accompanying narrative from ECB president Mario Draghi will be carefully monitored, given recent protestations from various ECB officials suggesting that; the value of the euro is too
