At 13:30pm GMT on Wednesday 29th, the latest quarterly figure for annualized GDP in the USA, will be published. The last quarterly figure produced a growth figure of 3%, the consensus opinion, gathered from the economists polled by Reuters, suggests a rise to 3.2% for the latest QoQ annual growth. With investors in the USA […]
FX and U.S. equity traders need to remain highly vigilant during New York markets’ opening times on Tuesday, as Trump delivers a speech at the Senate regarding his tax plans. This is likely to be followed by a vote amongst both democrats and republicans later in the week, to begin bringing into law his highly
A Santa Claus rally used to be classed as a surge in the price of equities that often occurs in the last week of December, lasting through to the first opening trading days in January. However, over recent years the rally has enjoyed a far longer period, often beginning early December and lasting approximately a
With the FOMC due to meet in December, to decide on the next interest rate move for the USA economy, many FX traders and analysts will focus on the latest USA GDP figure when published on Wednesday. The Fed chairs may feel emboldened to begin a hawkish monetary policy in 2018, should GDP (annualised) come
With USA equity markets closed on Thursday due to thanksgiving holiday, the volume of trading in the FX markets was also effected, with the dollar falling versus the euro and the rest of its main peers. However, price action was extremely limited throughout the day, with the major currency pairs experiencing very little in terms
The minutes of the FOMC November meeting were published on Wednesday evening, revealing that an interest rate rise is imminent, however, the minutes also struck a dovish tone, with the various Fed chairs indicating their inflation fears, suggesting that rate rises in 2018 may not be as aggressive as previously predicted. As a consequence of
At 9:30am GMT, on Thursday November 23rd, the U.K. statistics agency the ONS will reveal both the latest monthly and yearly GDP figures for the U.K. economy. The forecast is for no change; 1.5% growth annually and 0.4% for quarter 3, matching the 0.4% reported for Q2. Whilst such figures are less alarming than many
After falling back last week, whilst displaying a classic Heiken Ashi doji on a weekly chart, indicating investor indecision, many analysts were left wondering where the next momentum would come from, in order to push the main USA equity markets to fresh record highs. After setting so many highs throughout 2017, finally the SPX broke
On Wednesday November 22nd at 12:30pm GMT, the U.K. Chancellor will present his Budget to Parliament. It’s generally accepted that Philip Hammond botched his first budget last November, announcing a significant and surprise tax increase for the self-employed. He then immediately drew criticism from conservative supporters and his fellow M.P.s, who were both angered and
Can Philip Hammond, the U.K. chancellor, deliver a budget to calm Brexit nerves? Read More »
As news broke from Germany late Sunday evening, revealing that current chancellor Angela Merkel had failed in her attempts to forge a coalition alliance with the FDC party, the euro fell immediately once the FX markets opened. EUR/USD fell by circa 0.9%, reaching S3. As European markets opened the currency pair began to recover, whilst
