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
Trump’s Republican Party are facing tough opposition from the Democrats, to push through their tax cut agenda, who have described the fiscal policy as a “total mess”. It must be noted that the DJIA and SPX have risen circa 22% since Trump was inaugurated and 30% YoY, not due to increased earnings or spectacular company
Having fallen consistently versus several of its peers last week, as the BoE’s dovish monetary policy statement failed to satisfy investors, the U.K. pound recovered much of its lost ground on Monday; GPB/USD rose by circa 0.7%, whilst EUR/GBP fell by a similar amount. The gains, versus the majority of sterling’s peers, came despite Brexit
Last week ended with the U.K. pound left reeling from the battering it took on Thursday, after the BoE announced a base rate rise of 0.25%. It wasn’t that the highly anticipated interest rise was already priced in, it was the accompanying dovish, forward guidance narrative, issued by the deputy and the governor of the
