Focus this week will be on: GDP estimates, PMI data and FOMC minutes whilst the dollar remains under pressure The FOMC (The Fed members) will release their minutes this week, concerning the meeting held earlier in May, at which the Fed members decided to keep interest rates unchanged. However, we’re now five months into the […]
U.S. Dollar recovers from Wednesday’s sell off, USA equities stabilise, gold slips, EUR/USD slips from 7 month high The dollar stabilised and recovered much of the ground lost on Wednesday, the dollar index remained just above the lows experienced shortly after the USA presidential election result in November. However, the FX analyst team at Citigroup,
USA equities crash due to Trump scandal, U.S. dollar follows suit, by losing all its post election gains, gold surges. We make no apologies for repeating our contention that in the ‘new normal’, post Trump election era, we now have to be hyper-aware of a new paradigm, were market analysis is concerned. Fundamental and technical
EUR/USD rises by over 1%, to reach November highs, as U.S. dollar enters five day sell off. UK inflation accelerates In times (long since) past, there was only one headline inflation reading and analysts and consumers knew and understood the significance. Inflation high; equalled bad news for the household budget. Inflation low; equalled good for
SPX and NASDAQ reach record highs as oil price surges on news of production cuts, GBP/USD revisits 1.30 handle. In a relatively quiet day for scheduled economic calendar news concerning North America, USA equity markets rallied, principally due to the oil price rising, as a result of longer term production cut commitments and agreements from
Sterling may be in the spotlight when the latest inflation U.K. figures are published, Eurozone GDP figures will be carefully monitored, as will Japan’s GDP figure Welcome to our brief weekly ‘heads up’, alerting our clients to the mostprominent, economic, calendar events, scheduled for release over the coming week. It’s a relatively quiet week this
Gold finally breaks its losing streak, sterling falls after BoE comments, USA equities slip, Canadian dollar falls, as several banks are downgraded by Moody’s Sterling fell sharply on Thursday, as a consequence of both the inflation report and the monetary policy report from the Bank Of England, which accompanied the central bank’s “no change” announcement
U.S. dollar inches higher, USA equities end the day close to flat, oil rises as stockpiles reduce, gold continues its sell off. Wednesday was a relatively quiet day for high impact news events, the day began with the publication of Chinese data, mainly concerning money supply and new loans data. Annual CPI data for China
USA equities fall back from record intraday highs, U.S. dollar rises on speculation of an interest rate rise in June. Yen came under pressure throughout the trading day on Wednesday and fell versus its major peers, disappointing economic news in the form of poor labour earnings data; cash earnings coming in at -0.4% YoY and
Euro falls, despite Macron’s presidential victory, USA equities end the day flat, gold falls through the daily 200 SMA. The relief rally in the euro (due to Macron’s victory in the French presidential election) immediately the FX markets opened on Sunday evening, was short lived and reverted suddenly once the Asian markets opened. Perhaps realism
