During the trading week ending February 5 equity markets have been mostly bullish, the reasons for the renewed risk-on sentiment are various. – Vaccine rolls outs in the United States, the UK and parts of Europe are moving ahead as planned and, in some instances, ahead of target. Optimism is developing that the latest western […]
It was a week of GDPs this week. The USA economy’s final GDP reading for 2020 came in at –3.5%, the worst performance since 1946 recorded during the aftermath of WW2. The Q4 metric for US GDP growth came in at 4%, right on the forecast and falling back from the blistering 33% COVID-19 recovery
While most central banks continue to run NIRP or ZIRP monetary policies (both negative and zero interest rate policies) to navigate the ravages of the pandemic, national currency values mightn’t diverge by significant amounts over the coming months. Therefore, traders must contend with the major currency pairs oscillating in tight daily ranges over the short
Although macroeconomic influence is still evident in market behaviour, fundamentals began to impact the week’s trading sessions. Data listed on economic calendars such as GDP results, import/export figures, sentiment, Fed and ECB officials’ speeches, and inflation have all started to affect markets. Market investors, traders and analysts are still making decisions based on factors such
The primary US equity markets, the SPX 500, DJIA 30 and NASDAQ 100 all printed record highs during the first week’s trading of 2021. The reasons were various: the Biden-Harris inauguration approaching, the Senate run-off providing more certainty to the government and law-making process, and progress on vaccine development, although the vaccine rollouts worldwide still
The week before Xmas is traditionally a quiet time for trading in the equity, FX, and commodity markets. However, this has not been an ordinary year. 2020 has been the definition of a genuinely extraordinary year. The tragedy of the Coronavirus has dominated our trading world since March, and nobody could have predicted how the
There are times if you trade forex, indices and commodities when the macroeconomic issues overshadow the events listed on your economic calendar. The current situation should serve as a prompt that your fundamental analysis skills and knowledge must extend beyond the data, decisions and events you see on the daily calendar. Two predominant issues currently
Several factors dominated the trading week ending December 4. Covid and the optimism of vaccines, Brexit, the dying embers of the Trump administration, and stimulus discussions by central banks and governments. These are ongoing macroeconomic issues that will most likely dictate the trends and patterns we see on our FX charts and timeframes over the
North America’s GDPs will come into sharp focus during the week, Canada is currently producing excellent growth figures and at 3.5% growth, the Canadian economy is top of the growth charts, for the Western Hemisphere. The USA is currently printing GDP growth of 2.6% and economists are forecasting that both countries’ figures will be maintained,
The U.K. economy has (arguably) held up well to the potential negative impact of Brexit. The current YoY growth figure is 1.5% and whilst it’s a fall from the figures of between 2.7%-2.0% that the country was reporting in 2015/2016, the economic Armageddon many predicted after the referendum vote, hasn’t materialized. However, with the clock
