Inflation is the main focus on the economic calendar this week, as is the ECB’s statement and Janet Yellen’s testimony Inflation in: China, the U.K. and the USA. The job numbers in Australia. Janet Yellen’s semi annual testimony of 2017 and the ECB’s report, form the bulk of the economic calendar events that will dominate […]
German exports break records despite the monthly fall, Trump gets ready to meet Abe, currency traders should prepare Despite the latest data from Germany disappointing and missing forecasts, the largest economy in Europe still broke exporting records in 2016. The metrics released on Thursday were: monthly exports falling by -3.3%, balance of trade at 18.7b
Gold nears a three month high, RBNZ dampens hopes of a rate rises, dollar traders remain confused If anyone has noticed some strange movements in our FX markets over recent months, then you’re not alone. Many analysts and top trading firms’ traders are apparently struggling to cope with some of the wild gyrations witnessed in
DJIA rises to an intraday high on Tuesday, gold reaches a three month high, euro slips as sterling rises Turning negatives into positives is generally part of the unwritten remit of central bank presidents and governors; Draghi, Carney, Yellen, they all excel at it. Not to be left out, a member of the UK’s monetary
Australasian central banks take center stage, during a relatively quiet fundamental data week Whilst the debate regarding the relative inefficiencies and benefits of fundamental analysis versus technical analysis has raged in investment circles for decades, it’s unlikely that anyone within the analysis community would have added the words “presidential tweets” on the list of high impact news
Super Thursday proves to be not so super for sterling. Non farm payrolls expected to deliver 175k jobs The day was heralded as “Super Thursday” for the UK’s Bank of England. The day when the base rate decision, combined with any adjustment to the current asset purchase scheme, would be released. The BoE governor, Mark
The UK’s parliamentary debate helps to lift sterling, whilst the Fed maintains its cautious approach policy Sterling has enjoyed a bounce over the past two days, the debate in the UK’s House of Commons, concerning the eventual safeguards and conditions for Brexit, has offered up investors and traders some comfort that a policy (of sorts)
Tuesday’s mixed economic data, combined with political uncertainty, causes dollar to experience its worst January for thirty years and gold to rise There were some surprise data misses published on the economic calendar on Tuesday, starting with prints from Europe’s largest (and the planet’s third/fourth largest) economy, Germany. Retail sales unexpectedly fell, falling by 0.9%
USA equity markets suffer biggest sell off since the November election, European markets slump, whilst the dollar comes under pressure Markets hate uncertainty and political instability always adds fuel to that uncertainty, it took less than ten days since his inauguration, for the political hacks’ knives in the USA to begin sharpening for president Trump.
FX; the week ahead will be dominated by politics and central bank decision making Political issues may still prove to be the dominant forces moving the FX markets over coming weeks, over and above the usual flurry of data releases and prescribed economic calendar events. The Trump presidency is still in its infancy, but many
