Jovana Pribic

WEEKLY MARKET SNAPSHOT 22/1-26/1|USA and U.K. GDP growth figures will come under close scrutiny next week, as will the ECB when it meets to discuss and decide on the Eurozone’s interest rates

Is The Trend Still Your Friend

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 […]

WEEKLY MARKET SNAPSHOT 22/1-26/1|USA and U.K. GDP growth figures will come under close scrutiny next week, as will the ECB when it meets to discuss and decide on the Eurozone’s interest rates Read More »

U.S. equity markets fail to hold record highs, currency price action is scarce, gold trades sideways

Morning Roll Call

Having reached fresh record highs on Wednesday, the key USA equity indices gave back some gains, with the DJIA still holding its position above the (newly breached) handle of 26,000, but closing down 0.37% on the day. Disappointing new housing starts data helped to cool market sentiment in the USA; falling by -8.2% in December,

U.S. equity markets fail to hold record highs, currency price action is scarce, gold trades sideways Read More »

U.S. equity markets reclaim lost ground to reach record highs, sterling rises as E.U. encourages U.K. to abandon Brexit, gold slips

Morning Roll Call

After pausing on Tuesday, U.S. equity markets roared back to breach record highs on Wednesday, whilst European equity markets slipped back for the second day. The SPX and DJIA made approx. 1% gains, the first such gains posted since August, with the DJIA reaching an intraday high and closing out above the 26,000 handle. Apple

U.S. equity markets reclaim lost ground to reach record highs, sterling rises as E.U. encourages U.K. to abandon Brexit, gold slips Read More »

How to trade the New York open session?

U.S. equity markets close down, finally breaking 2018 winning streak, USD fails to make gains versus major peers

Morning Roll Call

The leading U.S. equity indices, the DJIA and SPX, reached record intraday highs on Tuesday, shortly after New York markets opened, with the DJIA breaking through the crucial handle of 26,000. However, the heights were short lived; after rising through the first level of resistance the DJIA index then fell circa 300 points from its

U.S. equity markets close down, finally breaking 2018 winning streak, USD fails to make gains versus major peers Read More »

The Bank of Canada is odds on to raise Canada’s interest rate on Wednesday to 1.25%, but could they shock markets by keeping rates unchanged?

Mind The Gap

At 15:00 GMT (London time) on Wednesday January 17th, the BOC (Canada’s central bank), will end their monetary policy/rate setting meeting with an announcement regarding the key interest rate. The expectation, according to the economist panel polled by Reuters, is for a rise from the current rate of 1.00% to 1.25%. The central bank unexpectedly

The Bank of Canada is odds on to raise Canada’s interest rate on Wednesday to 1.25%, but could they shock markets by keeping rates unchanged? Read More »

Gold rises to 1,340 level, U.S. dollar falls versus major peers, European indices fall as USA markets are closed for Martin Luther King day

Morning Roll Call

There was no hiding place or relief for the U.S. dollar on Monday, despite USA equity markets being closed for a national holiday. The U.S. dollar index approached its lowest level in three years; falling by circa 0.6%. EUR/USD continued the bullish momentum witnessed over recent weeks, as the major currency pair continued its habit

Gold rises to 1,340 level, U.S. dollar falls versus major peers, European indices fall as USA markets are closed for Martin Luther King day Read More »

Sterling trades flat despite latest U.K. govt. minister sacking, U.S. dollar rises as positive economic news leads to belief interest rates will rise aggressively in 2018

Morning Roll Call

As short sellers of USA equities are heading for their worst annual performance since 2013, many investors and analysts will be asking the question; how much higher can equities rise in 2018, now the major reason for their stunning returns of 2017 is no longer a catalyst? The DJIA equity market in the USA has

Sterling trades flat despite latest U.K. govt. minister sacking, U.S. dollar rises as positive economic news leads to belief interest rates will rise aggressively in 2018 Read More »

The U.S. dollar will come under close scrutiny on Wednesday, as the FOMC announce their last interest rate decision for 2017

Mind The Gap

At 19:00 pm GMT, on Wednesday December 13th, the FOMC will reveal its latest decision on the key interest rate for the USA. Currently at 1.25% the general consensus opinion, gathered from the economists polled by news agencies Reuters and Bloomberg, is that the key rate (upper bound) will rise to 1.5%. A third rise

The U.S. dollar will come under close scrutiny on Wednesday, as the FOMC announce their last interest rate decision for 2017 Read More »

Sterling slips as U.K. minister backtracks on Brexit deal, USA equites set another record high, U.S. dollar rises, as interest rate rise looks set to be announced on Wednesday

Morning Roll Call

USA markets closed up on Monday with certain major indices setting record highs, investors entered the last two trading weeks before Xmas, whilst keeping their minds focused on the FOMC meeting, which is due to conclude on Wednesday. The overall consensus is leaning towards a rate rise to 1.5% being announced, with the FOMC keeping

Sterling slips as U.K. minister backtracks on Brexit deal, USA equites set another record high, U.S. dollar rises, as interest rate rise looks set to be announced on Wednesday Read More »

Will the dollar follow up its best week of the year, by also rising this week, as the FOMC interest rate rise announcement appears imminent?

Morning Roll Call

The current, dominant, political issues in the USA, were underpinned by encouraging fundamental news, sending the SPX and DJIA indices to record highs on Friday. The tax reform programme looks set to become law and the U.S. government avoided a scheduled shutdown (due to its $20+ trillion debt), as lawmakers agreed to a temporary debt

Will the dollar follow up its best week of the year, by also rising this week, as the FOMC interest rate rise announcement appears imminent? Read More »