Sterling slides to a seven week low as Brexit fears spook investors, USA equities retrace, whilst the dollar rises, pending the ‘inevitable’ Fed interest rate rise Analysts and investors appear certain that the Fed will engage in two interest rate rises in 2017 (the first announced at next week’s Fed meeting), based on the loose […]
The UK’s Spring Budget, the ECB’s and RBA’s interest rate decisions and NFP day form the basis of the key fundamental economic releases for the week Early Monday morning sees the release of the latest Australian retail figures; forecast to have risen to 0.4% in February, from the surprise fall of -0.1% in January. From
GBP/USD falls to six week low, U.S. equities retreat after record busting run, U.S. dollar rises, as bets on an interest rate hike in March rise to ninety percent USA equity markets found reverse gear during Thursday’s New York trading session. Technically the SPX suffered its worst day since December 28th, however, context must be
DJIA smashes up through 21,000, U.S. dollar rises, whilst USA manufacturing grows at its highest rate since August 2014 Three months back, shortly before the USA November 9th election, the DJIA was at circa 18,000. This time last year (early March) the index was at 16,800. The index has now risen circa 26% year on
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
