-
Oct 26, 17 •
2045 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling rises as U.K. GDP beats forecast, increasing bets on a base rate rise in November, USA equities slip, as earnings miss target and tax cut doubts emerge
Sterling rose by circa 1% versus the U.S. dollar on Wednesday, as U.K. GDP for the third quarter of 2017 came in at 0.4% growth, versus the expectation of a 0.3% rise, maintaining the YoY growth at 1.5%. Investors immediately translated this result as...
-
Oct 25, 17 •
2026 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on DJIA takes out another record high, kiwi reaches a five month low vs. USD, euro rises, whilst sterling slides on BoE base rate doubts and Brexit fears
The DJIA posted another record high on Tuesday, on the basis of improved earnings from certain companies, such as Caterpillar Inc. and 3M, despite relatively thin equities’ trading, which indirectly helped to push up values of the 30 company index. The...
-
Oct 24, 17 •
2381 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on USD/JPY reached a three month high, as yen initially loses safe haven appeal due to Abe re-election, but yen recovers late on, whilst EUR/USD slips as Catalonia issues reappear
The U.S. dollar initially reached a three month high versus yen on Monday, as a consequence of investors believing that Abe’s re-election in Japan will ensure that the loose monetary policy; of low interest rates and asset purchase/quantitative easing,...
-
Oct 23, 17 •
2207 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on USA equities rise for sixth week, as markets appear to be immune to any negative hard data, yen rises as Abe appears on target to win Japan’s election with increased majority
The continual, gravity defying, record rises in the main equity markets in the USA, comes at a time when older heads are remembering the thirty year Black Monday anniversary, 19th October 1987, when markets in the USA fell by up to 23% in a day. In today’s...
-
Oct 20, 17 •
1960 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on New Zealand dollar slumps as Labour Party form coalition government, sterling falls versus euro, due to base interest rate rise uncertainty
The key event in the FX markets on Thursday concerned the kiwi, New Zealand’s dollar. The Labour Party in New Zealand will now be in power with a coalition of partners and as a consequence the NZD slumped, losing over 1% versus many of its peers. Equities...
-
Oct 19, 17 •
1906 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on DJIA index reaches new record and rises the most in five weeks, sterling falls to six day low on poor wage data
The three leading USA indices; NASDAQ, SPX and DJIA, all closed at or near to record highs, with some also reaching intraday record highs on Wednesday. The across the board rise wasn’t bolstered by economic calendar data, as the latest house building...
-
Oct 18, 17 •
1912 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling slips, despite U.K. CPI (inflation) rising, as the Brexit bluster appears to have run out of road, DJIA reaches record 23,000, as U.S. dollar rises versus its main peers
Sterling fell on Tuesday, shortly after the U.K.’s latest CPI figure (and other inflation data) was released, coming in as the economists’ polled forecast; at 3% YoY. The fall in sterling versus its main peers, was due to the BoE governor Mark Carney,...
-
Oct 17, 17 •
2047 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling slips, as Brexit negotiations reach a critical stage, Janet Yellen’s belief that inflation will pick up, causes U.S. dollar and equities to rise
Sterling came under pressure on Monday, as Brexit concerns appear to have reached a critical juncture. Many market commentators and those close to the negotiations, are now openly quoting that the relationship between the E.U. and the leading members of the...
-
Oct 16, 17 •
2094 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on New Zealand’s CPI is the key, high impact, economic news event listed for Monday, however, political issues in the USA, U.K., and Europe should be closely monitored
The key USA inflation metric (CPI) missed the forecast of 2.3% annual growth for September, coming in at 2.2% when revealed on Friday 13th, which was ahead of the reading of 1.9% recorded for August. Equity markets in the USA rose to new record highs, gold...
-
Oct 13, 17 •
2240 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling whipsaws violently, as Brexit issues begin to come into sharp focus. Many global equity markets reach record highs
FX traders needed to remain hyper vigilant during Thursday’s trading sessions, as sterling currency pairs slumped and then rallied, as the political turmoil involving Brexit took center stage in Europe. The two leading negotiators; Davis and Barnier,...