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
USA equity markets reach another record high, whilst sterling falls, as UK wage data disappoints Wednesday’s equity markets surge in the USA wasn’t underpinned by what many cynical investors refer to as “hopium” (a mixture of hope and helium), the fact that inflation appears to be rising, as evidenced by the data published on Wednesday,
Investors’ optimism reaches 2011 highs, as Janet Yellen’s testimony propels USA markets to fresh record highs “Everything is awesome” is a sarcastic and ironic phrase that many renegade investors and analysts, use to describe the markets when they appear to be in an irrational state of hysteria. But as many seasoned investors are only too
Trump’s promise of “phenomenal tax cuts” propels USA equity markets to new highs, whilst the dollar and sterling both rise versus the euro As we noted last week there’s a new analysis paradigm currently at work in the equity and currency markets, it’s called the “Trump effect”. In USA election years it’s customary for markets
