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, […]
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
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
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
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
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
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
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
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
As we enter the last weeks of the trading year, three leading central banks will reveal their last 2017 decisions, on interest rates and other monetary policy issues, next week. Both European banks; the ECB and the Bank of England are forecast to keep rates on hold; the U.K. bank at 0.5% and the ECB
