The ECB interest rate decision, a raft of official UK data, inflation data for various countries forms this week’s highlights Monday begins with Chinese retail sales data, which both on a YoY basis and YTD basis, is expected to remain constant; YoY 10.6% and YTD 10.3%. Industrial production at 6.5% YoY and YTD 6.8%, is […]
DJIA prints a new record high, oil rises, U.S. Dollar slips versus peers, as does the euro A raft of official Chinese data was published early Thursday morning, all beating the consensus forecasts made by the panels of economic experts who Reuters and Bloomberg poll; imports have risen by 23.1% YoY whilst exports have risen
Canadian dollar spikes, as interest rate is raised to 0.75%, DJIA reaches record high after Janet Yellen’s dovish tone The biggest currency move on Thursday concerned the Loonie; the Canadian dollar. In a widely anticipated and heavily forecast move, the BOC (the central bank of Canada), raised rates by 0.25% to 0.75%, causing USD/CAD to
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
