NFP jobs data, European, Asian and USA PMIs, and various GDP reports, will dominate the economic calendar this week Monday is a bank holiday in the UK and with London still occupying top spot as the number one global forex trading venue, there’s likely to be a significant fall off in the level of FX […]
WTI oil falls 5%, SPX and NASDAQ close at record highs, U.S. Dollar ends day close on flat versus major peers The economic calendar day began with official data from the UK’s government statistics body; GDP for the first quarter of 2017 in Britain has fallen to 0.2%, a desperately poor reading that if annualised
SPX and NASDAQ close at record highs, Fed minutes indicate three rate rises for 2017, Canadian dollar rises on interest rate rise hope Moody’s Investor Services, one of the most respected global ratings agencies, delivered a shock announcement on Wednesday, by downgrading China’s rating for the first time in thirty years. In a statement they
European equities rise due to favourable data, euro falls, USA equities rise, dollar rises, WTI oil maintains recent winning streak, gold loses USA equities ended the day just short of record high closes, as the momentum which developed from the Trump Middle East business tour, continued throughout Tuesday. The DJIA ended up 0.21% and the
U.S. equities rise due to Trump’s Saudi Arabia trip, dollar falls, crude rises on hope of OPEC cut extension, gold rises During Monday’s trading sessions economic calendar events (concerning the USA), were thin on the ground. The USA public experienced some (temporary) relief from the relentless anti Trump narrative, as the focus was off Trump’s
Focus this week will be on: GDP estimates, PMI data and FOMC minutes whilst the dollar remains under pressure The FOMC (The Fed members) will release their minutes this week, concerning the meeting held earlier in May, at which the Fed members decided to keep interest rates unchanged. However, we’re now five months into the
U.S. Dollar recovers from Wednesday’s sell off, USA equities stabilise, gold slips, EUR/USD slips from 7 month high The dollar stabilised and recovered much of the ground lost on Wednesday, the dollar index remained just above the lows experienced shortly after the USA presidential election result in November. However, the FX analyst team at Citigroup,
USA equities crash due to Trump scandal, U.S. dollar follows suit, by losing all its post election gains, gold surges. We make no apologies for repeating our contention that in the ‘new normal’, post Trump election era, we now have to be hyper-aware of a new paradigm, were market analysis is concerned. Fundamental and technical
EUR/USD rises by over 1%, to reach November highs, as U.S. dollar enters five day sell off. UK inflation accelerates In times (long since) past, there was only one headline inflation reading and analysts and consumers knew and understood the significance. Inflation high; equalled bad news for the household budget. Inflation low; equalled good for
SPX and NASDAQ reach record highs as oil price surges on news of production cuts, GBP/USD revisits 1.30 handle. In a relatively quiet day for scheduled economic calendar news concerning North America, USA equity markets rallied, principally due to the oil price rising, as a result of longer term production cut commitments and agreements from
