At 12:30pm U.K. time, on Friday March 29th, a Canadian statistics agency, attached to the government, will reveal the latest GDP growth figures for the Canadian economy. Currently at 1.10% measured up to December 2018, the forecast, from news agencies such as Reuters and Bloomberg, is for growth to make a significant improvement, predicted to […]
Canada’s GDP growth figures are forecast to improve Read More »
Asian markets fell during the Sydney-Asian trading session, the Shanghai Composite closed down -0.92%, whilst Japan’s Nikkei index closed down -1.61%, reducing the year to date 2019 gains, for Japan’s leading index to 5.09%. The risk off tone has remained due to global trade fears and bond yields falling. Australian and New Zealand government bond
The current account deficit in the United States has widened to -$134.4 billion in Q4 2018, from an upwardly revised -$126 billion gap in Q3, coming in above the news agency forecasts of -$130 billion. Registering the highest current account gap metric in ten years, The trade deficit in the USA narrowed to -$51.1 billion
FX analysts and traders will concentrate their focus on the latest GDP figures for the USA economy, when the data is published at 12:30pm U.K. time, on Thursday March 28th. The general consensus reached, after news agencies such as Reuters and Bloomberg have polled their separate panel of economists, is for a fall to 2.4%
The New Zealand dollar crashed versus its peers during the Sydney-Asian session as the central bank, the RBNZ, issued a monetary policy containing dovish forward guidance, suggesting that interest rate cuts were likely in the short to medium term, as opposed to its previous commitment to raise the rate. RBNZ Governor Adrian Orr declared: “Given
USD rose versus the majority of its peers during the latter part of the London-European trading session and the New York session. This rise came despite, or perhaps as a consequence, of the poor housing and consumer confidence data published during the day’s sessions, which saw permits and housing starts miss the forecasts, whilst the
At 1:00am U.K. time, on Wednesday 26th March, the central bank for New Zealand, the RBNZ, will announce its decision regarding the country’s interest rate. Referred to as the “official cash rate”, the current rate is 1.75% and the widely held consensus, after Bloomberg and Reuters have polled their panel of economists over recent days,
The equity markets in China fell during Tuesday’s overnight/morning Asian session, as global growth fears continued to stalk Chinese markets. The Shanghai Composite index fell by -1.51% and the CSI by -1.13%. Chinese investors could be trading ahead of the curve, by regarding the lack of definitive progress in relation to the tariff talks as
The U.K. pound traded in tight ranges versus its peers during Monday’s trading sessions, as analysts and FX traders struggled to make sense of the latest Brexit developments in U.K. parliament. At 10:00pm on Monday evening, MPs voted on another arcane parliamentary process; what’s termed “indicative votes” to establish what type of withdrawal agreement exit
Asian equity markets sold off during the Sydney-Asian trading sessions, as global recession fears stalked markets in: Japan China and Australia. The Nikkei slumped by -3%, Shanghai Composite by -1.97% and the ASX 200 by -1.11%. This pattern followed a sell off, in European and USA equity markets, on Friday March 22nd, which saw up
Global recession fears rise, as bond yields invert and Asian equities slump Read More »
