In a major day for Markit PMI releases, the Eurozone figures came in below expectations on Monday. In a sea of red, France and Germany’s: manufacturing, services and composites and the overall Eurozone composites, all missed their forecasts. The misses weren’t huge, for example; Germany’s manufacturing PMI came in at 58.3, which is still signifying […]
The most prominent high impact news events this week concerns the USA’s FOMC revealing its interest rate decision, whilst Canada will reveal its latest GDP figure, as will the USA, France and the U.K. There’s a raft of Japanese data, including CPI, inflation data this week will also be released by: Australia and Germany. On
Euro rises to a near 24 month high versus U.S. dollar, as Mario Draghi suggests asset purchasing may end in Autumn As widely expected, on Thursday the ECB announced that the main interest rate was remaining at zero, with the deposit rate remaining at -0.4%. The asset purchase scheme (quantitative easing by another name), also
Will the ECB maintain its zero rate policy, when it announces its rate setting decision on Thursday, or will Mario Draghi raise rates, from the floor they’ve been on since early 2016? Will the ECB also begin to taper further its asset purchase scheme, currently running at €60b per month? These questions will be answered
U.S. dollar rises versus peers, euro falls as ECB expected to keep interest rate at zero, when decision is revealed on Thursday Generally positive domestic data helped USA indices rise on Wednesday, with the NASDAQ index printing a new record high, as tech stocks were back in favour. Housing starts in the USA rose by
Gold has safe haven appeal, U.S. dollar and U.S. equities sell off, euro rises versus major peers, as sterling falters The U.S. dollar plunged to an eleven month low, versus the majority of it’s peers, during Tuesday’s trading sessions. Despite the USA equity indices breaching records many times since the Trump election win, the U.S.
U.S. markets close flat, E.U. markets fall, with the exception of the FTSE, euro and Swissie provide price action There is a legendary phrase, regarding not trading in the markets over the summer months, that traders are fond of repeating; “Sell in May and go away, don’t come back ’til St. Leger day.” The St.
The ECB interest rate decision, a raft of official UK data, inflation data for various countries forms this week’s highlights Monday begins with Chinese retail sales data, which both on a YoY basis and YTD basis, is expected to remain constant; YoY 10.6% and YTD 10.3%. Industrial production at 6.5% YoY and YTD 6.8%, is
DJIA prints a new record high, oil rises, U.S. Dollar slips versus peers, as does the euro A raft of official Chinese data was published early Thursday morning, all beating the consensus forecasts made by the panels of economic experts who Reuters and Bloomberg poll; imports have risen by 23.1% YoY whilst exports have risen
Canadian dollar spikes, as interest rate is raised to 0.75%, DJIA reaches record high after Janet Yellen’s dovish tone The biggest currency move on Thursday concerned the Loonie; the Canadian dollar. In a widely anticipated and heavily forecast move, the BOC (the central bank of Canada), raised rates by 0.25% to 0.75%, causing USD/CAD to
