At 8:30am, on Friday September 29th, the UK’s official statistics body the ONS, will release the country’s latest (final) Q2 GDP figure. The expectation is for no change; both the QoQ figure is forecast to remain at 0.3% for Q2 and the annualised figure is expected to remain at 1.7%. Investors will be monitoring the […]
U.K. GDP and Eurozone CPI will come under close scrutiny on Friday 29th Read More »
Trump’s election tax pledge was back on the agenda on Wednesday, this potential reduction of tax, to a suggested 20%, from the current rate of circa 35%, was part of the reason U.S. equities rose sharply during the day. That planned and promised reduction is also the key reason equities have risen since Trump’s inauguration,
EURO Versus the majority of its peers, the euro sold off during Tuesday’s trading sessions. The prevailing concerns, with regards to the inconclusive German Federal election on Sunday past, still appear to be weighing heavily on investor sentiment. Allied to this, Eurozone inflation is forecast to remain under the target, which the ECB had provisionally
A Pyrrhic victory is a victory that inflicts such a devastating toll on the victor, it’s tantamount to suffering an actual defeat. Someone who obtains a Pyrrhic victory has been victorious, although the heavy toll negates any true sense of achievement, or profit. Whilst not (by definition) a Pyrrhic victory, Angela Merkel, the current and
A Pyrrhic victory is a victory that inflicts such a devastating toll on the victor, it’s tantamount to suffering an actual defeat. Someone who obtains a Pyrrhic victory has been victorious, although the heavy toll negates any true sense of achievement, or profit. Whilst not (by definition) a Pyrrhic victory, Angela Merkel, the current and
The reaction of markets during the early part of the week may be as a consequence of politics as opposed to economics, as (once again) the: inflammatory language of Trump versus North Korea looks set to be raised. Not withstanding this ongoing situation, the German election fallout will be digested, as will be the vague
Markets likely to be moved by politics as opposed to economics on Monday Read More »
After the hawkish narrative, delivered by the FOMC on Wednesday, USA equity investors appeared to take a collective time out on Thursday. Perhaps an atmosphere of puzzlement developed within dealing rooms and across various chat facilities, as the question; “where to next, what happens next?” took hold. U.S. equities slipped, as trading remained stuck in
Japan publishes a vast amount of economic data on Thursday evening and Friday morning, which should be closely monitored by traders who specialise in (or who favour) trading yen. In terms of its safe haven appeal to position traders, or as a major currency pair versus the U.S. dollar, the Asian currency can react to
The FOMC announced no rate change, at the conclusion of their two day meeting on Wednesday evening, the key rate of 1.25% remains unchanged. However, in the accompanying narrative, they suggested that one more rate rise could happen in 2017, with December the likely date. And as from October they’ll begin to relieve and gradually
President Trump delivered a jaw dropping first address to the U.N. assembly on Tuesday, in which he lashed out at just about everyone and everything, whilst voicing his overused and meaningless mantra; “to put America first”. From threatening to “totally destroy North Korea”, to insisting that the Iran truce, so delicately put together by the
