The USA main equity markets slipped back during Wednesday’s trading sessions, the reasons given by the majority of analysts, was profit taking and institutional level traders not being prepared to open new positions, for fear that they may book a loss, which could affect their yearly results and bonus. Calendar economic news for the USA […]
Analysts and economists could be forgiven for ignoring the various hard data metrics regarding the USA economy over recent months, as any negative hard data is simply ignored, whereas positive news appears to propel the U.S. equity markets to new heights. As an example; the country’s trade deficit worsened during October, according to the latest
Both the DJIA and SPX initially reacted favorably to the news that the Republicans’ tax reform program had passed a vote in The Senate early Saturday morning, making it highly likely that (in its present form) the reforms will now become law. Investors wasted no time in immediately translating the reforms as a gift for
Over the weekend one of the pillars of Trump’s election pledge to “make America great again” finally began the process of becoming law, after being voted for in The Senate. The republicans’ tax reduction programme was finally voted through on Saturday morning, a plan that will ensure that anyone who earns less than circa $75k
As the Republicans’ tax reform programme reaches the final discussion and voting period, USA equities rallied, as confidence emerged that the necessary Senate votes would be captured, in order to push through the vote. The fly in the ointment is that the Republican Party only needs 2-3 of its Senators to vote against the programme,
Throughout the analysis, regarding Trump’s intended tax reform programme, which is now set for ongoing debate in the senate until a vote takes place on Thursday, few financial media commentators have picked up on the effect the reforms will have on tech shares. As a consequence of the tax avoidance measures already in place and
After months of gridlock the U.K. Brexit negotiation team has apparently finally agreed to pay an exit cost of circa €100b gross, which will reduce to circa €65b net over time. This first agreement, if completely ratified by the E.U., will now allow the negotiations to move onto discussing other issues, such as; the rights
FX and U.S. equity traders need to remain highly vigilant during New York markets’ opening times on Tuesday, as Trump delivers a speech at the Senate regarding his tax plans. This is likely to be followed by a vote amongst both democrats and republicans later in the week, to begin bringing into law his highly
A Santa Claus rally used to be classed as a surge in the price of equities that often occurs in the last week of December, lasting through to the first opening trading days in January. However, over recent years the rally has enjoyed a far longer period, often beginning early December and lasting approximately a
With USA equity markets closed on Thursday due to thanksgiving holiday, the volume of trading in the FX markets was also effected, with the dollar falling versus the euro and the rest of its main peers. However, price action was extremely limited throughout the day, with the major currency pairs experiencing very little in terms
