DJIA smashes up through 21,000, U.S. dollar rises, whilst USA manufacturing grows at its highest rate since August 2014 Three months back, shortly before the USA November 9th election, the DJIA was at circa 18,000. This time last year (early March) the index was at 16,800. The index has now risen circa 26% year on […]
DJIA snaps it’s record winning streak, SPX also closes lower, U.S. dollar rises, whilst markets were primed for Trump’s address to Congress. From awaiting Trump’s tweets to move the markets, investors and traders now also have to focus on his regular addresses to lawmakers, or assembled decision makers, in order to gauge market sentiment and
DJIA index continues its record run, U.S. dollar rises, whilst odds on a Fed March interest rate rises to fifty percent. President Trump held court on Monday and decided to preempt his appearance before Congress on Tuesday and issue a form of forward guidance in relation to promising a: massive fiscal stimulus, tax cuts and
GDP figures, inflation data, PMIs and Trump’s speech to Congress are the highlights to look out for this week Japan, the USA and Europe have the busiest economic calendars this coming week. Australia’s GDP will be carefully monitored, as will be the Eurozone’s inflation data. However, Trump’s joint address in Congress could provide market fireworks,
Another day, another record close for the DJIA, which has now beaten the previous series of record closes from as far back in 1987. The reasons for the continual irrational exuberance and over-optimism appear to be based on the promises tax cuts and stimulus on the way courtesy of Trump. The proposed tax cuts will
The DJIA rises to a new record high for ten consecutive days, as the dollar slips. Read More »
The latest Fed minutes, from the meeting held January 31st to February 1st, were published on Wednesday evening. It’s important were critical issues such as this are concerned, to not embellish, or to mistranslate the meaning. Therefore we’ll quote the Fed minutes verbatim; “Many participants expressed the view that it might be appropriate to raise
USA equity markets reach new record highs as U.S. dollar strength returns, due to the expectation of a Fed interest rate rises in March USA equity markets burst into life after the bank holiday close on Monday; the SPX, DJIA, Russell and NASDAQ all reached record highs; SPX closing at 2,365, DJIA at 20,743, and
Thin trading on Monday due to Presidents’ Day in the USA, sees sterling rise versus the USD and all its ten major peers, but USD firms versus EUR and other major peers Wikipedia describes Presidents’ Day as: “George Washington’s Birthday is a United States federal holiday celebrated on the third Monday of February in honour
COT report reveals further decrease in USA dollar bullishness, whilst PMI data for Europe and the UK’s GDP estimate form the basis of major news event for the week The COT report provides an excellent medium to longer term barometer of sentiment with regards to the major currency peers. Published each Friday it’s always worth
Sterling and the dollar fall, as investors speculate on the timing of the next USA interest rate rise Although our morning roll call generally concentrates on the previous day’s European and American news, whilst also prepping our clients to be aware of the coming day’s news, we thought we’d start off by mentioning (and therefore
