Jovana Pribic

WEEKLY MARKET SNAPSHOT 06/11-10/11|Interest rate decisions in Australia and New Zealand, European PMIs and Chinese economic data will be the outstanding events to monitor this coming week

Is The Trend Still Your Friend

Markit Economics will publish a multitude of PMIs for Europe during the coming week, these leading indicators provide a fascinating insight into where purchase managers believe their individual businesses and sectors may be headed, as such the indicators can prove to be predictive as they lead, they don’t lag. The Australian central bank the RBA, […]

WEEKLY MARKET SNAPSHOT 06/11-10/11|Interest rate decisions in Australia and New Zealand, European PMIs and Chinese economic data will be the outstanding events to monitor this coming week Read More »

Sterling crashes versus major peers; falls by 1.75% v EUR and 1.40% v USD, as Bank of England rule out further rate rises, in the short to medium term

Morning Roll Call

The standard economic orthodoxy works like this; when a central bank raises its interest rate, the value of the domestic currency rises, even if the rise has been telegraphed through the media and forward guidance is issued by the central bank some weeks earlier, warning of the rate rise. Whilst the rate rise can often

Sterling crashes versus major peers; falls by 1.75% v EUR and 1.40% v USD, as Bank of England rule out further rate rises, in the short to medium term Read More »

The October NFP number is expected to bounce back when released on Friday, after the -33k ‘hurricane season’ number recorded for September

Mind The Gap

The September NFP (non-farm payroll) number was forecasted to be poor, due to the various hurricanes and tropical storms, which battered certain parts of the USA in September. Analysts and investors were therefore not shocked, when the number missed the forecast; coming in at -33k for the month. The first negative reading recorded since the

The October NFP number is expected to bounce back when released on Friday, after the -33k ‘hurricane season’ number recorded for September Read More »

FOMC keep rates on hold, U.S. equities rise, Trump appoints Powell as new Fed chair, Swiss franc and yen fall, DAX reaches record high

Morning Roll Call

As forecasted by certain economists, who were polled by news agencies, the FOMC decided to keep the U.S. key interest rate on hold, at 1.25%, with a view to revisit the issue in December. The market reaction was subdued; EUR/USD and GBP/USD maintained similar levels to that seen before the announcement, with USD/JPY and USD/CHF

FOMC keep rates on hold, U.S. equities rise, Trump appoints Powell as new Fed chair, Swiss franc and yen fall, DAX reaches record high Read More »

The BoE are odds on to raise U.K. base rate on Thursday, will it signal a tightening of monetary policy, or will it be a one off inflation cooling measure?

Mind The Gap

On Thursday November 2nd the U.K.’s Bank of England, through its monetary policy committee, will announce its decision regarding the base interest rate. Currently at 0.25%, the general consensus, from the economists polled by the leading news agencies Bloomberg and Reuters, is for a rise to 0.5%. Despite the potential rise representing the first increase

The BoE are odds on to raise U.K. base rate on Thursday, will it signal a tightening of monetary policy, or will it be a one off inflation cooling measure? Read More »

Sterling surges due to positive Brexit talks and market anticipation of a base rate rise on Thursday, euro makes gains versus most peers, as GDP rises

Morning Roll Call

The Eurozone delivered positive economic calendar news in the form of hard data on Wednesday, which caused the euro to rise versus many of its peers, with the notable exception of EUR/GBP, where the currency lost ground. GDP figures for the EZ beat both the Q3 and YoY forecasts, coming in at 0.6% and 2.5%

Sterling surges due to positive Brexit talks and market anticipation of a base rate rise on Thursday, euro makes gains versus most peers, as GDP rises Read More »

Will the FOMC follow through on their commitment; to raise rates three times in 2017?

Mind The Gap

In their final meeting of 2017, which will conclude on Wednesday November 1st, the FOMC (the chairs of all the regional Feds), will end their meeting by announcing their decision regarding the key current interest rate for the USA. The announcement is generally followed by a press conference and/or a document, outlining the reasons why

Will the FOMC follow through on their commitment; to raise rates three times in 2017? Read More »

U.S. equities slip as Trump issues effect sentiment, GBP/USD rises as bets increase on BoE interest rate rise this coming Thursday

Morning Roll Call

USA equities fell back on Monday due to a variety of reasons, most notably the vague threat of impeachment versus USA president Trump, if fresh accusations to Russia interfering in the USA general election, are proven to have direct links back to Trump’s election campaign team. Naturally, any threat to Trump’s commitment to lower corporate

U.S. equities slip as Trump issues effect sentiment, GBP/USD rises as bets increase on BoE interest rate rise this coming Thursday Read More »

Two interest rate setting meetings, conducted by the Bank of England and the USA FOMC, are the high impact events traders must remain vigilant over this week

Morning Roll Call

Last week saw the three main indices in the USA reach new record highs. In the tech/NASDAQ index, the results/earnings from companies such as Alphabet (formally Google) and Amazon, helped to propel prices in the tech index to its highest daily gain (2.2%), since March 2016. The week ended with USA GDP coming in at

Two interest rate setting meetings, conducted by the Bank of England and the USA FOMC, are the high impact events traders must remain vigilant over this week Read More »

WEEKLY MARKET SNAPSHOT 30/10-03/11|Key interest rate decisions from the BoE and FOMC, combined with NFP jobs data, provide the highlights of a major economic calendar news week

Is The Trend Still Your Friend

The upcoming week is an extremely busy week for high impact news releases, what’s often referred to as “hard data”. The outstanding events are the interest rate decisions from the U.K. and USA and the traditional NFP monthly jobs report for the USA, published on the first Friday of each month. German CPI data is

WEEKLY MARKET SNAPSHOT 30/10-03/11|Key interest rate decisions from the BoE and FOMC, combined with NFP jobs data, provide the highlights of a major economic calendar news week Read More »