Euro rises in early trade as Macron elected French president, UK BoE reveals its interest rate decision on Thursday, European news set to dominate the economic calendar this coming week Monday begins the economic calendar week when a raft of Chinese economic data is published on Monday morning in the Asian trading session, with analysts […]
WTI oil collapses by 5% to six month lows, gold falls by 1.7%, European equities and euro surge on Macron polling news, USA equities end flat The global glut of crude oil is showing no signs of reducing, despite the various promises and commitments regarding production cuts made by OPEC in November and December. Price
Fed keeps rates unchanged, stating no concerns over USA economy, U.S. dollar rises, gold slumps to monthly lows In a highly anticipated and forecast decision, the FOMC announced on Wednesday evening that interest rates would remain at 1.00%. In their accompanying statement, the various Fed bank members indicated their satisfaction with current economic performance, citing
Euro and sterling rise versus most peers, USA equities also rise, oil slides, precious metals end the day flat In a relatively quiet day for economic calendar news, Japanese composite and services PMIs (published in the Asian session), came in close to forecasts on Tuesday morning, whilst the Chinese Caixan manufacturing came in at 50.3,
Trump’s comments move USA equity markets, USA data misses forecasts, NASDAQ closes at record high Many global equity markets were closed for Mayday, also termed “labour day” throughout the world. It’s a solidarity celebration of workers (through union affiliation) finally achieving the eight hour week, after striking in the USA back in 1886. With no
Sterling rises, Aussie sells off, USA equities slip, as Trump’s intended tax cut program lacks detail. The USA equity markets appear to have already priced in the intended tax cuts which were finally revealed on Wednesday. As a consequence both the DJIA and SPX were near flat at the close on Wednesday, despite the SPX
Euro continues its French election momentum, USA equities surge, based on Trump’s tax cut promise, gold falls by one percent The USA technology based index the NASDAQ, breached the 6,000 level for the first time on Tuesday, closing the day up 0.70%, at 6,025. The DJIA closed up 1.12% and the SPX up 0.61%. The
French vote boosts global equity markets and euro, Trump tax cuts are back on the agenda, safe havens sell off Global investors breathed a collective sigh of relief, ushering in a classic relief rally across most markets, after the first round of France’s presidential election concluded on Sunday evening. Emmanuel Macron is now looking ‘odds
The French (first round) presidential election round result, the UK’s pending election, inflation and GDP data for leading economies, are likely to dominate FX markets this week The Euro enjoyed a relief rally, rising by circa 1.8% versus major peers in early trading, as the French presidential election polls now predict moderate candidate Macron to
USA equity markets spike up, due to Trump administration’s tax plans, euro gives back early gains, whilst yen falls Both the DJIA and SPX rose sharply on Thursday as a consequence of Treasury Secretary Mnuchin’s comments that tax reform is on its way, investors took this as code for a reduction in corporation tax, which
