Jovana Pribic

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 »

ECB tapers asset purchase program, euro slips versus many peers, U.S. equities rise as tax cuts appear to be on the horizon

Morning Roll Call

The ECB announced on Thursday, that the key Eurozone interest rate would remain unchanged at zero percent, whilst the APP would be cut from €60b to €30b a month, beginning January 2018 for nine months. Despite this significant development, the euro fell sharply versus several peers, as despite a reduction of 50%, the taper was

ECB tapers asset purchase program, euro slips versus many peers, U.S. equities rise as tax cuts appear to be on the horizon Read More »

Sterling rises as U.K. GDP beats forecast, increasing bets on a base rate rise in November, USA equities slip, as earnings miss target and tax cut doubts emerge

Morning Roll Call

Sterling rose by circa 1% versus the U.S. dollar on Wednesday, as U.K. GDP for the third quarter of 2017 came in at 0.4% growth, versus the expectation of a 0.3% rise, maintaining the YoY growth at 1.5%. Investors immediately translated this result as evidence that the BoE’s monetary policy committee, now has the necessary

Sterling rises as U.K. GDP beats forecast, increasing bets on a base rate rise in November, USA equities slip, as earnings miss target and tax cut doubts emerge Read More »

Will the euro react if (as expected), the ECB announces a timeline to reduce its asset purchase program on Thursday?

Mind The Gap

On Thursday October 26th, at 11:45 GMT, the Eurozone central bank, the ECB, will reveal its decision with regards to the single currency bloc’s interest rate. The current key borrowing rate is zero percent, with the deposit rate below zero, at -0.40%. These emergency rates are still a legacy of the recession the Eurozone found

Will the euro react if (as expected), the ECB announces a timeline to reduce its asset purchase program on Thursday? Read More »

DJIA takes out another record high, kiwi reaches a five month low vs. USD, euro rises, whilst sterling slides on BoE base rate doubts and Brexit fears

Morning Roll Call

The DJIA posted another record high on Tuesday, on the basis of improved earnings from certain companies, such as Caterpillar Inc. and 3M, despite relatively thin equities’ trading, which indirectly helped to push up values of the 30 company index. The index added over 200 points at one stage and rose by up to 0.84%,

DJIA takes out another record high, kiwi reaches a five month low vs. USD, euro rises, whilst sterling slides on BoE base rate doubts and Brexit fears Read More »

U.K. GDP figures will give clues as to a potential interest rate rise in November, whilst Canada’s interest rate is predicted to remain at 1%

Mind The Gap

There are two high impact, economic calendar news events, which traders need to monitor carefully on Wednesday October 25th. The first concerns the U.K., whose official statistics body the ONS, will be publishing the latest Q3 quarter’s GDP growth figure. The second involves Canada’s central bank, who will be revealing their interest rate decision. Both

U.K. GDP figures will give clues as to a potential interest rate rise in November, whilst Canada’s interest rate is predicted to remain at 1% Read More »

USD/JPY reached a three month high, as yen initially loses safe haven appeal due to Abe re-election, but yen recovers late on, whilst EUR/USD slips as Catalonia issues reappear

Morning Roll Call

The U.S. dollar initially reached a three month high versus yen on Monday, as a consequence of investors believing that Abe’s re-election in Japan will ensure that the loose monetary policy; of low interest rates and asset purchase/quantitative easing, would now continue. However, yen clawed back its losses, versus many of its peers, deep into

USD/JPY reached a three month high, as yen initially loses safe haven appeal due to Abe re-election, but yen recovers late on, whilst EUR/USD slips as Catalonia issues reappear Read More »