Main USA markets close at record highs, as investors anticipate a rate rise announcement by the FOMC, sterling finds market support Tuesday’s main economic calendar news began with a raft of UK inflation related data, released by the UK’s official ONS statistics body. The key inflation metric, CPI (consumer price inflation), came in at 2.9%, […]
Sterling continues its slump, as the UK’s hung parliament election result filters through to markets In a relatively quiet day for fundamental economic calendar news, the UK’s inconclusive general election result was a major talking point, as was the rapid appreciation of the Canadian dollar. Sterling fell versus the majority of its peers, slumping to
The FOMC (USA Fed) reveals its interest rate decisions, whilst a raft of UK official hard data and the Bank of England’s rate decision, will be of interest, coming so close after an inconclusive election The main focus of the week is undoubtedly the USA’s FOMC interest rate decision on Wednesday, with the analysts’ polled
Oil crashes by 5%, USA equities rise, UK FTSE slumps late in session as UK election looms, whilst sterling rises WTI Oil crashed on Wednesday by circa 5%, to end the day at circa $45.6 per barrel, resting just above the S3 pivot point level, the unexpected surge in USA stockpiles led to beliefs that
Yen strengthens versus all its major peers, USA equities fall for second day, oil rises, gold rises; for the third day in series In a relatively quiet day for high impact calendar news events, yen rose versus all its major peers on the basis of very little FX news relating to Japan. The rise was
Sterling rises as bets the Tories will win the UK’s election increase, EUR/USD falls from recent seven month high Having recently forecast that sterling could reach 1.45 versus the U.S. Dollar by the end of 2018, investment bank Morgan Stanley is now rowing back from that forecast, suggesting that the currency pair GBP/USD will peak
Main USA equity markets close at record highs, U.S. Dollar strengthens, gold falls, oil slips; despite a glut reduction Despite little USA economic calendar news on Thursday actually supporting the strong rally in U.S. equities, the SPX closed up 0.76% and the DJIA up 0.65%, both closing at record highs, with bank stocks leading the
Gold rises, oil slumps, USA equities end the month up approx. 1%, U.S. Dollar slides, whilst euro makes gains versus peers As institutional traders closed their books for the month, the SPX weighed in with 1.2% growth in May, closing down 0.05%, with the DJIA down 0.10%. There was little in the way of high
U.S.Dollar comes under pressure versus its major peers, SPX reverses seven day advance, gold falls, Eurozone confidence slips New York, London and Shanghai equity markets were closed on Monday for a bank holiday, economic calendar news was equally distributed between the Eurozone and the USA on Tuesday, as markets roared back into life. European news
Subdued Monday bank holiday trading witnesses sterling rise, euro fall and global equity markets move sideways With markets closed in: London, China and New York, both the equity and the FX markets were relatively subdued. Both the global equity markets (that were open) and the FX markets, moved generally sideways during the day. Sterling was
