Monday April 1st begins a new month and a new quarter, as a highly significant day for medium to high impact calendar news, both in Europe and the USA, will set the tone. All Monday’s data has the ability to move the market in: euro, USD and sterling and the corresponding equity indices, dependent on […]
The USD dollar index was on course for a 1% rise during March and a recovery of circa 1.5% from a low on March 22nd, potentially posting its best one month rise, since making gains of circa 2.5% during October 2018. The dovish tone set by the FOMC/Fed earlier in March, as they stated any
The latest GDP growth figures for the USA economy missed forecasts, when the latest figures were revealed on Thursday afternoon; QoQ growth for Q4 2018 came in at 2.2%, falling from 2.6% and missing the forecast of 2.4%. Pending home sales for February came in at -1.0%, with the annual sales figure coming in at
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,
