Sterling slides as UK govt announce date for Article 50 invocation, USA equity markets sell off, whilst oil falls 11% in March Finally the “no turning back moment” has arrived for: the UK, its people, its society and its economy, as the UK’s government will invoke what’s termed “Article 50” on March 29th, in order […]
PMIs, the UK’s Article 50 time table, the U.S. debt ceiling, and other critical USA economic data should dominate this week’s high impact calendar events There was quite a fuss and overall sense of panic and doom, regarding the U.S. debt ceiling a couple of years back, this followed similar, previous panics in 2011 and
USA equities slip back after their post Fed rally, sterling and Swiss franc climb due to the hawkish BoE and SNB narrative accompanying Thursday’s interest rate decisions Early Thursday morning, during the Sydney/Asian session, the Australian Bureau Of Statistics published data revealing unemployment had risen to 5.9% from 5.7% previously, as a result of the
Dollar plunges, USA equities tear upwards after Fed rate rise, euro soars as Dutch electors freeze out right wing influencer As expected, the FOMC meeting held on Wednesday, resulted in the announcement that the Fed’s main interest rate would rise by 0.25%, to 1.00%. Equity markets then rallied in the USA, whilst the dollar plunged,
Markets await the inevitable FOMC interest rate rise announcement, USD rises as USA equity markets fall. Holland goes to the polls For us old school analysts there’s something quite comforting when markets revert to standard, predictable, orthodox behaviour, albeit temporarily. Equity markets falling in the USA, whilst the dollar rises, as a consequence of what
Sterling rises as the UK’s parliament begins the Brexit process, the U.S. dollar steadies after it’s recent sell off, whilst USA equities end the day subdued. In terms of economic news it was an extremely slow calendar news day on Monday, with only the Italian industrial production, falling by -2.3% in the month of February,
The ‘inevitable’ Fed interest rate rise, the Dutch election and the UK’s Article 50 Brexit timeline, all look set to dominate the economic calendar events this week This week we potentially have an example of how political events can impact our FX markets far more than the scheduled economic calendar events we tend to set
Euro rises after Mario Draghi’s bullish press conference, U.S. equities remain flat, whilst unemployment claims rise Focus shifted away from the USA on Thursday to the ECB’s various interest rate decisions being published, whilst president Mario Draghi held court both before and after the rate decisions. As excepted the series of interest rates remained unchanged,
Positive USA jobs data fails to raise equity markets, as a rout in oil causes investor jitters Wednesday morning began with (yet another) curious set of data releases from an economic superpower, this time it was China’s turn to raise analysts’ eyebrows. Exports slumped to a negative reading for February; coming in at -1.3%, missing
U.S. equities continue to sell off, as the U.S. trade deficit widens to a five year high. Sterling continues to sell off Have we been here before? Excuse us if we sound like a broken record, but once again we experienced diverse and dislocated economic calendar, fundamental news, pertaining to the USA economy on Tuesday.
