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Feb 24, 17 •
5159 Views •
Morning Roll Call •
Maria Iacob
Comments Off on The DJIA rises to a new record high for ten consecutive days, as the dollar slips.
Another day, another record close for the DJIA, which has now beaten the previous series of record closes from as far back in 1987. The reasons for the continual irrational exuberance and over-optimism appear to be based on the promises tax cuts and stimulus...
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Feb 23, 17 •
7259 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Fed officials state that a USA interest rate rise is imminent, according to the published minutes.
The latest Fed minutes, from the meeting held January 31st to February 1st, were published on Wednesday evening. It’s important were critical issues such as this are concerned, to not embellish, or to mistranslate the meaning. Therefore we’ll...
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Jan 13, 17 •
2137 Views •
Morning Roll Call •
Maria Iacob
Comments Off on US equities fall with the dollar, PIMCO believes the damage to sterling is not over, whilst gold rejects the $1,200 price level.
Based on the demand for safe haven assets, the Chinese lunar new year approaching and the ongoing cash ban turmoil in India, Gold has so far risen by circa 4% in 2017. Gold initially rallied to a seven week high on Thursday, as investors also rotated back...
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Jan 12, 17 •
2820 Views •
Morning Roll Call •
Maria Iacob
1 Comment
During the London trading session on Wednesday morning, there was a raft of publications from the UK’s official statistics bureau (the ONS) released, concerning the UK’s current economic performance. The markets and investors appeared to ignore...
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Jan 11, 17 •
2480 Views •
Morning Roll Call •
Maria Iacob
Comments Off on The UK’s FTSE 100 index closes at record highs, whilst sterling takes a battering.
The UK’s main index, the FTSE 100, has recently enjoyed its longest winning streak since 2011, printing record highs on each day. Although on closer inspection, it becomes apparent the rise is not necessarily performance driven. Due to the majority of...
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Jan 10, 17 •
2728 Views •
Morning Roll Call •
Maria Iacob
Comments Off on MORNING ROLL CALL
“And then I go and spoil it all by saying something like; “Brexit means Brexit”.” For any traders within our community, caught out by sterling’s sell off versus (just about any of) its currency peers, you deserve sympathy. The...
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Jan 9, 17 •
3117 Views •
Mind The Gap •
Maria Iacob
Comments Off on Let’s party like it’s 19,999.
At one stage, during the New York trading session on Friday 6th January, the DJIA reached its highest point historically, reaching 19,999, just one point shy of the critical psyche ‘handle’ of 20,000. The UK’s FTSE 100 printed several record...
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Jan 6, 17 •
2496 Views •
Morning Roll Call •
Maria Iacob
Comments Off on MORNING ROLL CALL: Friday is “NFP day”, let’s be prepared.
Gold traders appear to be bullish for 2017 according to a recent survey, as the dollar comes under pressure. Friday is “NFP day”, let’s be prepared. In a recently published Bloomberg survey the analysts questioned appeared to indicate...
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Jan 5, 17 •
3106 Views •
Mind The Gap •
Maria Iacob
Comments Off on Fed minutes indicate a cautious approach towards 2017 base rate rises, as concerns regarding a fiscal stimulus neutralise forward guidance.
The UK’s economic ability to withstand the impact of the Brexit referendum vote continues. The UK’s construction data for December, as measured by Markit and CIPS, came in at 54.2, well ahead of the previous print of 52.6 and exceeding...
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Jan 4, 17 •
2375 Views •
Morning Roll Call •
Maria Iacob
Comments Off on The Dollar reaches a 14 year high versus the euro, whilst a European market technically enters a bull market.
Certain European equity markets enjoyed a bounce during Tuesday’s trading sessions, primarily as a consequence of data emanating from Germany. Inflation beat expectations in Germany, beginning to threaten the 2% gauge the ECB considers as the target...
