DJIA snaps it’s record winning streak, SPX also closes lower, U.S. dollar rises, whilst markets were primed for Trump’s address to Congress. From awaiting Trump’s tweets to move the markets, investors and traders now also have to focus on his regular addresses to lawmakers, or assembled decision makers, in order to gauge market sentiment and […]
DJIA index continues its record run, U.S. dollar rises, whilst odds on a Fed March interest rate rises to fifty percent. President Trump held court on Monday and decided to preempt his appearance before Congress on Tuesday and issue a form of forward guidance in relation to promising a: massive fiscal stimulus, tax cuts and
GDP figures, inflation data, PMIs and Trump’s speech to Congress are the highlights to look out for this week Japan, the USA and Europe have the busiest economic calendars this coming week. Australia’s GDP will be carefully monitored, as will be the Eurozone’s inflation data. However, Trump’s joint address in Congress could provide market fireworks,
USA equity markets reach new record highs as U.S. dollar strength returns, due to the expectation of a Fed interest rate rises in March USA equity markets burst into life after the bank holiday close on Monday; the SPX, DJIA, Russell and NASDAQ all reached record highs; SPX closing at 2,365, DJIA at 20,743, and
Thin trading on Monday due to Presidents’ Day in the USA, sees sterling rise versus the USD and all its ten major peers, but USD firms versus EUR and other major peers Wikipedia describes Presidents’ Day as: “George Washington’s Birthday is a United States federal holiday celebrated on the third Monday of February in honour
COT report reveals further decrease in USA dollar bullishness, whilst PMI data for Europe and the UK’s GDP estimate form the basis of major news event for the week The COT report provides an excellent medium to longer term barometer of sentiment with regards to the major currency peers. Published each Friday it’s always worth
Sterling and the dollar fall, as investors speculate on the timing of the next USA interest rate rise Although our morning roll call generally concentrates on the previous day’s European and American news, whilst also prepping our clients to be aware of the coming day’s news, we thought we’d start off by mentioning (and therefore
USA equity markets reach another record high, whilst sterling falls, as UK wage data disappoints Wednesday’s equity markets surge in the USA wasn’t underpinned by what many cynical investors refer to as “hopium” (a mixture of hope and helium), the fact that inflation appears to be rising, as evidenced by the data published on Wednesday,
Investors’ optimism reaches 2011 highs, as Janet Yellen’s testimony propels USA markets to fresh record highs “Everything is awesome” is a sarcastic and ironic phrase that many renegade investors and analysts, use to describe the markets when they appear to be in an irrational state of hysteria. But as many seasoned investors are only too
Trump’s promise of “phenomenal tax cuts” propels USA equity markets to new highs, whilst the dollar and sterling both rise versus the euro As we noted last week there’s a new analysis paradigm currently at work in the equity and currency markets, it’s called the “Trump effect”. In USA election years it’s customary for markets
