Sterling falls versus several peers, after UK’s government invokes Article 50, dollar rises, oil advances by over 2%, due to low inventory data Prime Minister May finally delivered her “Article 50 letter” in ceremonious fashion on Wednesday, to the president of the European Council, Donald Tusk, setting out the UK’s position regarding leaving the Union. […]
U.S. equity markets rebound, oil rises, as the dollar claws back some of its recent losses The USA equity markets arrested their recent slump and bounced back into positive territory on Tuesday. A Conference Board survey recorded a reading of 125.6, ahead of the 116 predicted, which indicated that USA consumers are now more confident,
The Trump ‘put’ trade fades, as does the U.S. dollar value whilst sterling rises, despite imminent Article 50 invocation The secular, U.S. equity markets’ rise experienced since November (since the election of Trump), has not been underpinned by: sound fundamentals, economic confidence, or competence. The recent rally has come courtesy of the “huge” tax cuts
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
