Jovana Pribic

Weekly Market Snapshot 7-11/8 | Chinese data, USA CPI and wage growth, New Zealand’s Interest rate decision & the UK’s production and output data are the highlights from the key calendar events

Extras

The week commencing Sunday August 6th is a relatively quiet week for high impact news events, however, traders need to maintain a high level of concentration during an extremely busy week for news releases. China releases a raft of data throughout the week, the stand out release is Wednesday’s CPI print and on Thursday the […]

Weekly Market Snapshot 7-11/8 | Chinese data, USA CPI and wage growth, New Zealand’s Interest rate decision & the UK’s production and output data are the highlights from the key calendar events Read More »

Sterling slumps, as BoE keeps interest rate at 0.25% and lowers U.K. growth target, euro rises, gold inches up

Morning Roll Call

As widely predicted, the UK’s BoE division, the monetary policy committee, revealed they’d voted to keep the UK’s interest rate at a record low of 0.25%. This was a rate implemented as an emergency policy, immediately after the UK’s voters elected to leave the European Union in June 2016. As has become customary, what’s termed

Sterling slumps, as BoE keeps interest rate at 0.25% and lowers U.K. growth target, euro rises, gold inches up Read More »

Will NFP day be another non event, or will the U.S. major currency pairs react to the data?

Extras

With the USA close to what economists term “full employment” (the unemployment level is currently at 4.4%), “NFP day” has failed to create much activity in the forex markets, over recent months. However, with the U.S. dollar at recent lows versus its major peers and the current “risk on” mood of Wall Street, a significant

Will NFP day be another non event, or will the U.S. major currency pairs react to the data? Read More »

DJIA reaches intraday high of 22,000 courtesy of Apple rising 5%, euro, sterling and oil rise, gold ends the day flat

Morning Roll Call

As predicted it wasn’t so much “if”, but rather “when” the DJIA would finally breach the 22,000 handle. And on mainstream media TV channels on Wednesday, there were many images of middle aged men wearing jackets, emblazoned with the name of investment banks, or trading firms on their backs, rejoicing from their (supposed) trading floors,

DJIA reaches intraday high of 22,000 courtesy of Apple rising 5%, euro, sterling and oil rise, gold ends the day flat Read More »

DJIA reaches a new record high, oil slumps, gold rises to seven week high, euro and sterling rise versus several peers

Morning Roll Call

Just as it was highly likely that the DJIA would be drawn to the 22,000 handle, it was somewhat inevitable that price would reject the level, given the cluster of orders located close to this critical psyche level. A record intraday high of 21,990 was reached, with the index of the USA largest firms closing

DJIA reaches a new record high, oil slumps, gold rises to seven week high, euro and sterling rise versus several peers Read More »

U.S. dollar continues its recent fall versus euro and sterling, DJIA approaches 22,000, oil pushes through $50

Morning Roll Call

Despite trading in USA equity markets being approx 10% below the thirty day moving average, both the DJIA and SPX closed up on Monday, the DJIA pushed through R2 to close at a new record high and is now ominously closing in on the next major target, the 22,000 handle, which would represent an approx.

U.S. dollar continues its recent fall versus euro and sterling, DJIA approaches 22,000, oil pushes through $50 Read More »

August starts with a bang, as many high impact news events occur on the opening day of the month

Extras

Tuesday’s high impact news events begin with the RBA (Reserve Bank of Australia) announcing their interest rate decision. Currently at 1.5% there is little expectation for a rise or cut, despite August representing the annual anniversary of the record low 1.5% rate. In the last monetary policy statement (accompanying the rate hold in July), the

August starts with a bang, as many high impact news events occur on the opening day of the month Read More »

The RBA and BoE announce interest rate decisions, Markit PMIs and ISM data feature prominently, NFP jobs data released

Morning Roll Call

Sunday evening we’ll learn the building permits figure from New Zealand and the latest (provisional) industrial production figures from Japan. YoY production in Japan is forecast to fall to 4.8% in June, from 6.5% in May. The shock -3.6% monthly contraction recorded in May is predicted to reverse back to a healthy growth figure of

The RBA and BoE announce interest rate decisions, Markit PMIs and ISM data feature prominently, NFP jobs data released Read More »

Weekly Market Snapshot 31-4/8 | NFP Release, Unemployment in EU & AU, UK base rate decisions, CPIs and PMIs are the highlights from the key calendar events

Extras, Forex News

The week ends with the infamous NFP jobs print. Which no longer provides the fireworks of previous years, given the relative stability of USA employment; many Fed officials consider unemployment at circa 5% to be relative “full employment”. However, the data release can still move markets, if a shock print is published. The ADP data

Weekly Market Snapshot 31-4/8 | NFP Release, Unemployment in EU & AU, UK base rate decisions, CPIs and PMIs are the highlights from the key calendar events Read More »

U.S. equities slip in late trade, dollar recovers some recent losses, oil and gold make modest gains

Morning Roll Call

Australian import prices fell by -0.1% and export prices fell by -5.7% in Q2, initially the Aussie reacted positively to the data. However, the gains were short lived and several Aussie pairs eventually turned negative throughout Thursday’s trading sessions, with AUD/USD closing the day out resting on the daily pivot point, at 0.7967. Chinese data

U.S. equities slip in late trade, dollar recovers some recent losses, oil and gold make modest gains Read More »