Kansas City Federal Reserve Bank President Esther George said on Thursday that there are more chances of COVID-19 to spread out in the U.S. and this is challenging for the U.S. economy unless scientists develop a vaccine. The full recovery of the economy from COVID-19 is still at distance. Lockdowns were legislated to handle the […]
Corona virus impacting the upcoming NFP Read More »
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
It’s been quite a week for fundamental event driven traders, for the most part the market has not only delivered the expected policy decisions and news event predictions, but the trends have also ‘obeyed’ the predictions, with a few exceptions… With the FOMC statement the clear policy directive, courtesy of Ben Bernanke and the Fed,
Big news week to be finalized by the NFP jobs number Read More »
No matter how level headed we are as traders we all suffer from our confirmation biases. I have to admit that the news regarding the UK’s surge in construction and in particular house building took me by surprise. The UK construction PMI was released this morning, courtesy of Markit Economics and the print busted even
It’s all so 2005/2006 for the UK construction industry and house prices. Read More »
