Sudden, outlier political events can often immediately effect the value of both our FX markets and the value of equity markets. The value of the euro fell during Monday’s trading sessions, as a consequence of the authorities clashing on Sunday with Catalonians in Spain, who wanted to hold a referendum vote, to ascertain if the […]
Sunday evening and early Monday morning, witnesses a raft of economic calendar data delivered from (and for), both the Japanese and the Australasian economies, which could impact on the value of yen, and the Australian and New Zealand dollars, early on in Monday’s trading session and right through to the New York session. The various
Brexit was back on the international news agenda radar on Thursday, as the two leading negotiators met once again, in order to attempt to put together a road map for the UK’s final exit. How long the remaining EU27 can continue to suffer the UK’s obfuscation and time wasting, remains to be seen. However, Britain
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 is also the key reason equities have risen since Trump’s inauguration,
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 to this, Eurozone inflation is forecast to remain under the target, which the ECB had provisionally
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 profit. Whilst not (by definition) a Pyrrhic victory, Angela Merkel, the current and
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 German election fallout will be digested, as will be the vague
Markets likely to be moved by politics as opposed to economics on Monday Read More »
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; “where to next, what happens next?” took hold. U.S. equities slipped, as trading remained stuck in
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 likely date. And as from October they’ll begin to relieve and gradually
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 “totally destroy North Korea”, to insisting that the Iran truce, so delicately put together by the
