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
The U.K. pound rose sharply versus its peers during Thursday’s trading sessions, as optimism regarding the U.K. position on Brexit improved, with the European chief negotiator Michel Barnier suggesting that he’d extend the time before he has to report to E.U. commissioners with regards to progress, which would then allow trade talks to open. From
The USA main equity markets slipped back during Wednesday’s trading sessions, the reasons given by the majority of analysts, was profit taking and institutional level traders not being prepared to open new positions, for fear that they may book a loss, which could affect their yearly results and bonus. Calendar economic news for the USA
Analysts and economists could be forgiven for ignoring the various hard data metrics regarding the USA economy over recent months, as any negative hard data is simply ignored, whereas positive news appears to propel the U.S. equity markets to new heights. As an example; the country’s trade deficit worsened during October, according to the latest
