U.S. equity markets recover from mid session shock, sterling slumps due to the foreign minister’s reckless comments It’s been a few weeks since we’ve witnessed a high ranking politician move the markets with a reckless comment, or errant tweet. The analyst community is now continually on a high level of preparedness, always ready to handle […]
Gold and oil rise, European indices rise, U.S. stocks close up moderately, yen falls to two month low A raft of Japanese data, with certain high impact releases missing their forecasts, caused USD/JPY to fall by approx 0.3% to the 114 handle, during Monday’s trading sessions, to reach a low not witnessed since May 11th.
Canada’s expected rate rise, various testimonies by Janet Yellen and inflation data dominate this week’s news agenda Early Monday morning from China we’ll get sight of the most current consumer price inflation data as it’s reported amongst a raft of data on money supply. The consensus is that the figure will come in at 1.6%
U.S. equity markets retreat as poor jobs data spooks market, euro and sterling rise, gold and oil end the day flat Various USA employment and unemployment data came in below expectations on Thursday, firstly; the ADP private jobs report came in, revealing that (according to their records), only 158k jobs had been created in June,
Oil slumps, USA equities remain flat after Fed meeting minutes reveal no change, currencies mostly flat on the day The Fed’s June meeting minutes, published on the evening on Wednesday, contained no surprises or changes concerning the Fed’s prevailing hawkish stance. Analysts still remain convinced that a third interest rate rise will occur before December
Aussie sells off as RBA fails to abandon dovish attitude, EU indices sell off, whilst Wall St was closed for July 4th The Aussie sold off versus the majority of its peers, after the central bank (the RBA) announced that the interest rate was staying at 1.5%, but accompanied that revelation with a dovish narrative,
DJIA closes at another 2017 record high, dollar soars, as do European indices, yen slumps whilst euro and sterling fall The trading week began with the customary raft of monthly Japanese Tankan data, the majority of which either beat, or came in right on forecast. The large manufacturers’ index is (arguably) the most prominent and
Australia’s RBA rate decision, Markit PMIs and the non-farm payroll publication, are this week’s key high impact events The week begins with various Tankan surveys from Japan and the Caixan metrics from China. The Tankan surveys cover many aspects of manufacturing in Japan, and depending on the positive figures, can provide a boost to yen.
USA equity markets sell off sharply, euro, sterling and Canadian dollar make gains, at the expense of U.S. dollar USA equity markets slumped on Thursday, despite the latest U.S. GDP figures coming in at 1.4% annualised, beating the expectations of a 1.2% rise. Weekly unemployment claims came in at 244k, missing the forecast of 240k.
Central banks suggest rate rises are coming; sterling and Canada’s dollar rises accordingly, U.S. equities rise with oil With the U.S. Fed keeping to its commitment to raise interest rates by three times in 2017 (two so far and one due before December 2017), other central banks appear to be singing from the same hymn
