USA equities fell for the first time in three days as a consequence of Trump’s threat to shut down the USA govt if he doesn’t get funding to build his infamous “Mexico wall”. A domino effect then took shape, as analysts and investors quickly moved on to doubt his capacity to deal with the looming […]
Markets often rise before a scheduled meeting of the most powerful global banking individuals takes place. The G7 or G30 meetings and the world trade forums, often instil a sense of confidence in investors, a rational belief that the key movers and shakers have everything under control and that projection of competence goes a long
The UK’s asking house price index published by Rightmove, revealed that asking prices fell by -0.9% in August and by -2% in London. YoY nationally prices are still up 3.1%, a rise from the 2.8% recorded in July. In a relatively quiet day for economic calendar news, the only other key European data concerned Swiss
Last week’s news began with Trump dominating market movements, due to the political game of risk and the subsequent impasse with North Korea. As the temperature of the potential conflict was dialled down; from boiling point to simmer, the next self inflicted presidential crisis to effect the markets arrived in the form of clashes, between
The GDPs (gross domestic product) annual growth figures for several countries, are published during the coming week. When combined with several CPIs, these high impact economic calendar metrics, will be monitored carefully for signs of weakness and or stagflation in the various economies. Coming after the recent projections published by the IMF, who forecast a
It’s been a few weeks since a verbal outburst, or an ill advised tweet from the USA president, moved our markets. Readers may recall that, shortly after Trump’s inauguration, we warned that another economic category should be added to the calendar, to contend with Trump’s tweets or outbursts, given his ability to move markets with
The trading day began on Tuesday with disappointing Chinese data that failed to move the markets. Quite a comparison from previous years, when any signs that the engine of global growth was cooling, would send shockwaves through international markets. Exports from China (YoY) fell to 7.2% growth in July, from 11.3% in June, whilst Chinese
On Wednesday August 9th at 21:00 hrs (GMT), the RBNZ will announce its interest rate decision. Thereafter, immediately after the announcement, the governor of the bank, Mr. Wheeler, will discuss the central bank’s decision in a news conference, during which he’ll outline the bank’s position and the overall management of the monetary policy which is
The most prominent action in Forex markets during Monday’s trading sessions, came courtesy of the New Zealand dollar as a consequence of the two year inflation forecast (for the third quarter), missing the forecast; coming in at 2.07%, versus last quarter’s reading of 2.17%. The kiwi fell versus the majority of its peers; NZD/USD fell
Monday starts the week with Chinese data concerning the current account balance and foreign reserves, both figures expected to reveal marginal improvements. USA data is released early morning concerning mortgage delinquencies and mortgage foreclosures over the second quarter of 2017. At 4.71% mortgage delinquencies in the USA are running at extremely high levels, in comparison
