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Sep 28, 17 •
3393 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equities and dollar rise, as a consequence of fiscal tax stimulus hopes and Janet Yellen’s hawkish comments
Trump’s election tax pledge was back on the agenda on Wednesday, this potential reduction of tax, to a suggested 20%, from the current rate of circa 35%, was part of the reason U.S. equities rose sharply during the day. That planned and promised reduction...
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Sep 27, 17 •
2929 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on EUR/USD continues its German election fall, GBP/USD falls over 2% during last three trading days, U.S. dollar holds firm
EURO Versus the majority of its peers, the euro sold off during Tuesday’s trading sessions. The prevailing concerns, with regards to the inconclusive German Federal election on Sunday past, still appear to be weighing heavily on investor sentiment. Allied...
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Sep 25, 17 •
3292 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Angela Merkel’s CDU party wins German Federal Election, whilst far right party AfD makes huge gains
A Pyrrhic victory is a victory that inflicts such a devastating toll on the victor, it’s tantamount to suffering an actual defeat. Someone who obtains a Pyrrhic victory has been victorious, although the heavy toll negates any true sense of achievement, or...
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Sep 25, 17 •
3607 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Markets likely to be moved by politics as opposed to economics on Monday
The reaction of markets during the early part of the week may be as a consequence of politics as opposed to economics, as (once again) the: inflammatory language of Trump versus North Korea looks set to be raised. Not withstanding this ongoing situation, the...
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Sep 22, 17 •
2854 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equity markets take a breather after Wednesday’s FOMC announcement, as gold slumps through $1300 handle
After the hawkish narrative, delivered by the FOMC on Wednesday, USA equity investors appeared to take a collective time out on Thursday. Perhaps an atmosphere of puzzlement developed within dealing rooms and across various chat facilities, as the question;...
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Sep 21, 17 •
2747 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. dollar spikes as FOMC commits the Fed to begin quantitative tightening and balance sheet reduction, as of October
The FOMC announced no rate change, at the conclusion of their two day meeting on Wednesday evening, the key rate of 1.25% remains unchanged. However, in the accompanying narrative, they suggested that one more rate rise could happen in 2017, with December the...
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Sep 20, 17 •
2379 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on U.S. equities rise as Trump delivers unusual address to United Nations assembly, dollar falls marginally, gold remains flat
President Trump delivered a jaw dropping first address to the U.N. assembly on Tuesday, in which he lashed out at just about everyone and everything, whilst voicing his overused and meaningless mantra; “to put America first”. From threatening to...
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Sep 19, 17 •
2407 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Gold threatens to fall through $1300 handle, U.S. equities reach record highs, yen loses haven appeal, and U.S. dollar rises
We’ve become accustomed to many new buzz words and phrases since the various credit crises developed back in 2007/2008: TARP, asset purchase, credit crunch, ZIRP (zero interest rate policy), NIRP (negative interest rate policy), taper, taper twist,...
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Sep 18, 17 •
2301 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on As USA equity markets reached new highs last week, now all attention shifts to the FOMC announcement on interest rates
Last week was a (relatively) quiet week for: economic calendar news and events, market moving Trump tweets, whilst the narrative causing tensions with North Korea, also appeared to recede. Perhaps it was that stability and a return to a focus on key data,...
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Sep 15, 17 •
2188 Views •
Morning Roll Call •
Jovana Pribic
Comments Off on Sterling surges on the promise of a potential rate rise, after the UK’s Bank of England keeps base rate at 0.25%
Not only did the pound surge versus its peers earlier in the week, after CPI inflation reached 2.9%, when the latest inflation figures were released on Tuesday, sparking rumours that the BoE might raise rates on Thursday, sterling then spiked when the “no...