At 19:00pm U.K. time, on Wednesday 20th February, the FOMC (the Federal Open Market Committee), will publish the minutes from its January, two day meeting. The culmination of which, saw the FOMC announce that the key interest rate for the USA economy, would remain unchanged at 2.5%, after three rises of 0.25% each, were instigated […]
Yen fell versus its major peers during the latter hours of the Asian session and the early part of the morning London trading session. The currency, often regarded as a safe haven, took a hit after the Bank of Japan Governor Mr. Kuroda issued a policy statement suggesting that the BOJ were ready and willing
The U.K. pound edged up during Monday’s trading sessions, at 21:45pm U.K. time GBP/USD was trading up 0.30%, hovering close to the first level of resistance and recovering from printing three weeks of consecutive losses. At 1.295 the major currency pair is threatening to reclaim the 1.300 handle and 200 DMA, a level not seen
China’s currency, the yuan, rose in the Asian session trading, as both the USA and Chinese negotiators announced that the trade and tariff discussions which took place in Beijing last week, would now continue in Washington. Investors and FX strategists took this as a positive sign that President Trump may also become involved, in order
USA equity markets finished with a flourish on Friday February 15th, the DJIA closed up 1.74% and the SPX up 1.09%. The implementation of a national emergency by Trump, to get funding for his Mexico border wall, was not enough to dent market confidence, as optimism developed in the New York trading session, that the
In an act of pique, due to not receiving funding for the infamous Mexico-USA wall, Trump declared a state of national emergency on Thursday night. The practicalities, if the national emergency comes into force, are straightforward. His govt, his de facto executive, can then take control of national spending, in order to divert funds to
The latest retail sales data for the USA economy missed the Reuters target by some distance when published. The forecast was for a drop to 0.1%, however, the actual print came in at -1.2% for December, month on month. Analysts and market commentators on channels such as Bloomberg, scrambled around for an explanation; stock market
Germany’s latest GDP figure for Q4 came in at 0.00%, ahead of the -0.2% recorded for Q3. Two quarters (in series) of negative readings is regarded as a recession. Therefore, Germany’s economy could currently be described as stagnant, despite YoY growth coming in at 0.9%. The reasons for the recent contraction in the economy include:
The German economy avoids a technical recession, whilst China’s exports bounce back Read More »
On Wednesday morning, the U.K. statistics agency, the ONS, published its latest data series and snapshot, regarding inflation for the U.K. The headline CPI inflation surprised the economists polled by Reuters, coming in at -0.8% for the month of January. Whilst CPI annually fell to 1.8%, from the 2.1% figure recorded up to December 2018.
FX trading is a global 24/5 business, it hardly ever sleeps. From Sunday evening to Friday evening, the industry, in all its facets, turns over circa $5 trillion each trading day. The FX markets are moved primarily by breaking economic news and high impact calendar events. These events are listed on your economic calendar. All
