Sterling net shorts reach a record level, as the UK begins the process of leaving Europe, by invoking Article 50 on March 29th The Commodity Futures Trading Commission releases its weekly “Commitments of Traders” report each Friday. The report covers the positions major institutions, such as major banks and hedge funds, have in the markets. […]
Sterling rises after UK retail sales data beats forecasts, gold gives up some recent gains, USA equities sell off due to lawmaker impasse The Eurozone’s consumers appear to be in confident mood, judging by the latest survey as the latest consumer confidence figure compiled by Eurostat came in at -5, beating expectations of -5.9 and
USA equities stage modest recovery, gold continues its recent bullish run, WTI oil falls on glut of supply news. In a relatively quiet economic calendar day, USA data releases, concerning the domestic housing and mortgage markets and USA oil inventories, dominated the financial landscape on Wednesday. Mortgage applications fell by -2.7%, from the previous reading
SPX drops by 1.24%, U.S. dollar endures longest losing streak since November, whilst fund managers agree that U.S. equities are over valued Well that escalated quickly, no sooner had analysts and market commentators pointed out that the main USA equity markets were approaching a record series of days for not falling by over 1% and
Sterling slides as UK govt announce date for Article 50 invocation, USA equity markets sell off, whilst oil falls 11% in March Finally the “no turning back moment” has arrived for: the UK, its people, its society and its economy, as the UK’s government will invoke what’s termed “Article 50” on March 29th, in order
PMIs, the UK’s Article 50 time table, the U.S. debt ceiling, and other critical USA economic data should dominate this week’s high impact calendar events There was quite a fuss and overall sense of panic and doom, regarding the U.S. debt ceiling a couple of years back, this followed similar, previous panics in 2011 and
USA equities slip back after their post Fed rally, sterling and Swiss franc climb due to the hawkish BoE and SNB narrative accompanying Thursday’s interest rate decisions Early Thursday morning, during the Sydney/Asian session, the Australian Bureau Of Statistics published data revealing unemployment had risen to 5.9% from 5.7% previously, as a result of the
Dollar plunges, USA equities tear upwards after Fed rate rise, euro soars as Dutch electors freeze out right wing influencer As expected, the FOMC meeting held on Wednesday, resulted in the announcement that the Fed’s main interest rate would rise by 0.25%, to 1.00%. Equity markets then rallied in the USA, whilst the dollar plunged,
Markets await the inevitable FOMC interest rate rise announcement, USD rises as USA equity markets fall. Holland goes to the polls For us old school analysts there’s something quite comforting when markets revert to standard, predictable, orthodox behaviour, albeit temporarily. Equity markets falling in the USA, whilst the dollar rises, as a consequence of what
Sterling rises as the UK’s parliament begins the Brexit process, the U.S. dollar steadies after it’s recent sell off, whilst USA equities end the day subdued. In terms of economic news it was an extremely slow calendar news day on Monday, with only the Italian industrial production, falling by -2.3% in the month of February,
