Inflation rises in the USA for the fifth consecutive month, dollar rises on Janet Yellen’s statement, whilst the Canadian dollar slumps as Bank Of Canada’s forward guidance stirs markets After announcing that the base interest rate would remain at 0.5%, the Bank Of Canada caused a dramatic sell off in the Canadian dollar (versus all […]
GBP/USD rises most in a single day since 2008, whilst Trump comments hits dollar’s value Sterling enjoyed a huge rise versus its trading peers on Tuesday, as a consequence of the UK’s prime minister spelling out her government’s plan and timetable to exit Europe. Despite her harsh rhetoric, insisting on what’s termed a “hard Brexit”,
Sterling slumps to a three month low as ‘hard Brexit’ fears reappear, whilst prime minister May gets ready to announce her European exit timetable. In relatively thin FX trading conditions, due to the USA markets being shut for Martin Luther King day, the UK’s pound may have avoided more suffering during Monday. Sterling was hammered
Sterling plummets immediately markets open due to the UK government’s hard Brexit stance. With predictable regularity, the UK pound plummeted as FX markets opened on Sunday evening, due to various UK publications, such as The Sunday Times, suggesting that the prime minister Theresa May will insist on controlling her country’s borders as part of Brexit.
The USA consumer confidence survey dominates the economic calendar on Tuesday Market trading volume is expected to be relatively thin during the final few trading days of 2016, the UK’s holiday season is extended with a bank holiday on Tuesday, therefore the traditional London FX session may mirror previous holiday trading sessions; with volatility and
U.S.A. economy finishes the year with 3.5% annual GDP, as EUR/USD rebounds from its fourteen year low. The final USA GDP figure of the year was published on Thursday, revealing a 3.5% annualised growth rate during the three months which ended in September, compared with the analysts’ polled estimate of 3.2%. Household purchases; with consumer
The dollar recedes from its fourteen year high whilst USA home sales reach a nine year high Despite strong bullish economic news; with sales of previously owned U.S.A. homes defying analysts’ expectations by increasing in November to reach the highest level seen since 2007, the major U.S. equity indices failed to reach new record highs
The Dollar rises to a fourteen year high as the DJIA approaches 20,000 Despite trading volume in the SPX and DJIA being circa twenty percent lower than the thirty day average, USA equities rallied during Tuesday’s trading session as a consequence of investors buying into financial companies, in particular banking stock was highly sought. The
Italian bank problems resurface whilst Ukraine’s largest bank fails Monday was a relatively quite day in terms of scheduled high impact news event and data, which is to be expected as trading winds down towards the year’s end. However, there are several issues bubbling up under the surface in Europe that are causing grave concerns;
Will a Santa rally gain momentum and cause the DJIA breach 20,000? As mentioned in previous communications, the main USA equities indices have experienced the late end of year gains (the phenomenon known as the Santa Claus rally) during 26 of the past 31 years. However, given the late FOMC interest rate rise announced last
