During the Asian session, the Chinese authorities at the annual Chinese National People’s Congress, announced a fall in the projected rate of annual GDP growth, from 6.5% to 6.0%, the lowest growth rate projected since 1990. The Chinese government announced a massive fiscal stimulus to counter the pressures, including: lowering corporate tax rates, reducing VAT […]
The main equity indices in America sold off, during the mid point of the New York trading session, as investors appeared to suddenly take cover, due to the progress regarding the ongoing trade agreement talks between China and the USA, apparently stalling. The inference appeared to suggest that the previous market optimism has been overdone,
On March 5th, at 3:30am U.K. time, the central bank of Australia, the RBA, will announce their decision regarding the country’s key interest rate, referred to as the “cash rate target”. The forecast, after the Reuters news agency has polled its panel of economists, is for the rate to remain unchanged at 1.5%. This record
The CSI and Shanghai indices rose by over 1% during the Asian trading sessions, taking the year to date rise in 2019 of the CSI to 26%. Representing a highly significant reversal of Chinese equity markets’ fortunes and in stark contrast to the slump experienced in late 2018. The indices have risen significantly over recent
Sterling will once again be under focus this week as the U.K. government considers bringing another vote to parliament, on the Brexit withdrawal agreement. The next official meaningful vote is scheduled for March 12th, however, certain U.K. publications are suggesting Mrs. May, the U.K. prime minister, might bring the vote forward to this week. It’ll
Various manufacturing PMIs were published by IHS Markit during the Asian and London-European trading sessions on Friday, the majority weren’t listed even as low or medium impact calendar events, as they’re considered unlikely to move FX markets. Countries such as Spain and Poland aren’t major manufacturing destinations, therefore analysts tend to overlook the figures, despite
Sterling slipped back versus its main peers during Thursday’s trading sessions, as FX traders appeared to take profits, perhaps collectively calculating that this recent bullish movement had run its course. The recent surge in the value of the U.K. pound, has related to optimism regarding the Brexit impasse. However, FX market analysts may have finally
Friday March 1st is an extremely busy day for economic calendar events, beginning with a slew of results for the Eurozone. Data from Germany will include the latest retail figures which, according to the Reuters forecasts, are predicted to have risen by 1.90% in January, after posting dismal figures of -4.30% for December. Year on
After Honda recently announced they were exiting the U.K. by 2021, sector analysts and U.K. government mandarins, were hoping that the slump the car manufacturing industry is obviously mired in, wouldn’t show any signs of worsening, when the latest data was published by the trade body the SMMT on Wednesday. Unfortunately, the industry reported that
Cable reached a seven month high during Wednesday’s afternoon trading session, after analysts and FX traders deduced that the U.K. govt. is likely to ask for a delay to Brexit, past the March 29th deadline. The chance of a no deal Brexit now looks less likely, based on the various statements and Parliamentary amendments passed
GBP/USD reaches seven month high, as investors determine no deal exit less likely Read More »
