Jovana Pribic

USA and Canadian GDP figures may reveal where the wider North American economy is headed

Extras

On Friday afternoon, attention will focus on two GDP figures from North America; both Canada’s and the USA’s latest GDP growth figures are published at GMT 12:30pm. The forecasts, from the various economists polled by Reuters and Bloomberg, predicts GDP growth in both countries. Canada’s growth is predicted to come in 0.2% for May, maintaining […]

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U.S. dollar falls as FOMC announce interest rate maintained at 1.25% and commit to unwinding the Fed’s balance sheet

Morning Roll Call

As widely expected, the FOMC announced that the key interest rate in the USA would remain at 1.25%. In their follow on statement accomplishing the announcement, the committee aired concerns that inflation is below the target of 2%, whilst also committing to begin ‘unwinding’ from the $4.5 trillion balance sheet, a process scheduled to begin

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U.S. equities rise, precious metals edge lower, oil rises on Saudi cuts, dollar falls as FOMC two day rate meeting starts Wednesday

Morning Roll Call

European equity markets closed up on Tuesday, partly as a consequence of Germany’s latest IFO readings for: business assessment, climate and expectations, coming in ahead of forecasts. Import prices came in below expectations at a -1.1% increase month on month, ensuring that Germany’s manufacturing costs will be (temporarily or otherwise) cheaper. Other European economic calendar

U.S. equities rise, precious metals edge lower, oil rises on Saudi cuts, dollar falls as FOMC two day rate meeting starts Wednesday Read More »

Will the IMF prediction of lower growth be supported by the UK’s GDP figure, will the FOMC keep rates at 1.25%, despite the pressure the dollar is under?

Extras

On Monday the IMF published fresh data with its projections for 2017 global growth, it revised its prediction for the UK’s growth, down from 2% to 1.7%. It must be noted that the IMF are notoriously over optimistic with regards to international growth and that the UK’s Q1 official ONS growth figure came in at

Will the IMF prediction of lower growth be supported by the UK’s GDP figure, will the FOMC keep rates at 1.25%, despite the pressure the dollar is under? Read More »

U.S. equities fall, dollar rises, euro falls as PMIs disappoint, GBP/USD makes biggest gain in three weeks

Morning Roll Call

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

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All eyes are on the FOMC this week, will they rise the interest rate to protect the dollar? Or keep to the plan to raise again in the last quarter of 2017?

Morning Roll Call

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

All eyes are on the FOMC this week, will they rise the interest rate to protect the dollar? Or keep to the plan to raise again in the last quarter of 2017? Read More »

MORNING ROLL CALL

Morning Roll Call

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

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Zero or hero? Is it time for Mario Draghi to act and begin to wean the Eurozone off its emergency interest rates and the asset purchase scheme?

Extras

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

Zero or hero? Is it time for Mario Draghi to act and begin to wean the Eurozone off its emergency interest rates and the asset purchase scheme? Read More »

MORNING ROLL CALL

Morning Roll Call

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

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MORNING ROLL CALL

Morning Roll Call

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.

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