Forex trading and market news!
More Damage to European Companies during Covid-19: It is the next move of the U.S. in the dispute with E.U. over aircraft subsidies. The U.S. is lining up to impose tariffs on $3.1bn of European products. These tariffs will have negative effects on companies that are already struggling with the Covid-19 situation. “It creates uncertainty […]
U.S. assessing tariffs on the U.K. and Europe Read More »
The week ends with the infamous NFP jobs print. Which no longer provides the fireworks of previous years, given the relative stability of USA employment; many Fed officials consider unemployment at circa 5% to be relative “full employment”. However, the data release can still move markets, if a shock print is published. The ADP data
The key political parties In the last 2015 General Election held in the U.K. the current government the Tories (Conservatives), received 38% of the national vote, the Labour Party gained 31%, Liberal Democrats 8%, UKIP 13%, Green Party 4%, SNP 5%. There are 650 ‘seats’ in the UK’s lower House of Parliament, seats relate
FXCC Explains the UK General Election Thursday June 8th Read More »
UK services PMI rockets to 60.2 beating expectations of 57.4 As reported in our 'Between The Lines' section this morning the UK services PMI was a high impact news event that had the potential to affect market sentiment. The number was of particular relevance for 'cable' traders who witnessed a break out to the upside
Mind The Gap; mid morning London session update before the New York open Read More »
The Eurozone manufacturing sector returns to growth as the UK's manufacturing rises sharply In our Between The Lines section we'd mentioned the importance of the publication of the PMIs relating to: the UK, individual European countries, the Eurozone, Asia and the USA. These data prints, published courtesy of Markit Economics, are published monthly and can
Mind The Gap; mid morning London session update prior to the New York opening bell Read More »
All eyes on the FOMC statement later today Many investors and traders will be keeping a 'weather-eye' on the FOMC meeting statement to be delivered by Ben Bernanke, he's due to begin his narrative at 2:00 PM USA time. Typically analysts and commentators will be looking for nuances and code in the language to determine
Mind The Gap; mid morning London session update pre New York's open Read More »
Is the pain in Spain falling? The GDP figure for Spain's economy has been published this morning and it reveals a very slowly healing economy according to the latest GDP number. However, the majority of analysts are still adopting a glass half empty position where Spain is concerned, given that the country has now been
Mind The Gap; London Trading Session Update Pre The New York Bell Read More »
UK GDP rises to 0.6% with service industries making the greatest contribution The rise in UK GDP to 0.6% was in line with the majority of economists' predictions when polled on the subject. However, the most dynamic number in the data came in the 'swing' – UK GDP is currently 1.4% higher versus this time
Mind The Gap; London Trading Session Update Before New York Session Opens Read More »
As Asian Markets Hit A Six Week High France Declares Its Recession Over… Bullish talk regarding the Chinese economy from the Chinese premier Li Keqiang and similar overtones from the Japanese government after Sunday's election result, caused a share rally in the Asian-Pacific markets in the overnight/early morning trading session. Li Kegiang allayed fears that
Mind The Gap; Mid Morning London Session Update Pre The New York Bell Read More »
Are The Eurozone's issues returning by stealth? Despite investors experiencing parabolically rising equities market indices over recent months, many of the issues that brought the Eurozone to its economic knees during recent years have not disappeared or been dealt with, they've simply been air brushed from the narrative landscape. Therefore any discussion has been neatly
Mind The Gap; London trading session before the New York bell Read More »
