With the U.K. chancellor due to deliver his budgetary autumn statement to the Houses of Parliament on Wednesday, we can expect sterling to rise and fall during the delivery of his statement. This speech is preceded by various U.K. governmental debt and borrowing figures published on Tuesday, which may also cause price action in sterling. […]
The main equity indices in the USA rallied on Thursday, as the proposed tax cuts, which were at the heart of Trump’s election manifesto, passed through the first governmental process, as the Senate House passed the Republican Party’s first version of the bill. The opposition Democrats may put up resistance to the bill and its
With corporate earnings season effectively over, the tax cuts initiative unlikely to be made law (in the form Trump wanted) any time soon and the December FOMC rate setting meeting beginning to focus minds, investors in U.S. equities have been struggling to justify reasons to bid markets up over recent days. Doubts are also beginning
Tuesday proved to be an incredibly busy day for high impact economic calendar news events, with the majority of the Eurozone hard data releases either meeting or beating forecasts, ensuring that the euro rose significantly versus its major peers. EUR/USD rose by circa 1.5% on the day, its largest one day gain since June 27th
The U.K. pound came under pressure on Monday morning, as the two week E.U. deadline ultimatum issued on Friday, immediately effected trader sentiment when Asian markets opened, and the sell off continued until late afternoon. Theresa May’s authority came under pressure as ministers briefed against her over the weekend and more Brexit complication also emerged
Tuesday morning is an incredibly busy session for high impact economic calendar releases. Before moving onto the key release of the day; Eurozone GDP, it’s essential that we quickly cover all the other releases which occur on, or before 10:00am GMT. Germany’s latest GDP figure is published, expected to come in at 2.3% YoY growth
The Eurozone GDP figure released on Tuesday, could direct ECB policy in 2018 Read More »
Last week ended with several of the ongoing, global, political situations still dominating the political landscape; the U.K. political turmoil in the Tory Party, Brexit, USA tax cuts, and Catalonia, were the key issues of last week and will take centre stage over the next few days and weeks, until some form of resolution is
Will sterling react to the E.U. ultimatum, delivered on Friday to the U.K. government? Read More »
The main focus over the coming week involves the GDPs and CPIs of several leading economies being published, whilst unemployment, employment and annual wage rise data will also have significance. Tuesday appears to be the key day for FX traders to remain focused and highly vigilant. Germany’s, Italy’s and the wider Eurozone’s GDP readings will
U.S. equities and the dollar sold off on Thursday as the U.S. Senate indicated that it could take up to 2019 in order for a tax plan to be fully ratified, moreover, the government lawmakers were suggesting that the final policy (when brought into law), would not resemble Trump’s outline plan whatsoever. The tech heavy
The U.K.’s political and Brexit situation is causing investors’ concern. News that certain major international U.S. banks will put London exit plans in place, unless favorable “soft Brexit” progress is made on the negotiations by January, added to ministers resigning, or being accused of the most sinister and grave forms of harassment, combined with the
