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
The USA’s GDP figure published on Friday, is the final one of Obama’s economic legacy The weekly unemployment claims data came in higher than expected when released in the USA on Thursday; jobless claims were at 259k for the week, versus expectations of 235k. New home sales in the USA also missed the consensus prediction;
The DJIA tops 20,000 as the bulls are set free, the dollar fades, whilst sterling rallies So it’s done, it’s over, the finishing line wasn’t limped across, it was shredded and in world record pace. The rise from 19,000 is in fact the second fastest 1,000 point rally in the history of the index, now
SPX tears up to a record high, sterling rises as the dollar slides As earnings season gets into full swing, investors appear to be buoyed by the earning reports emanating from the USA’s top companies. Combined with confidence that newly elected president Trump will pull out all the stops, in order to reenergise areas of
Dollar retreats, USA and European equities fall, gold rises as a haven, whilst crude oil slumps. The UK’s Brexit saga experiences a new twist on Tuesday and currency traders, who favour trading sterling pairs, need to monitor the situation with extreme care. At approx 9:30am, the UK’s highest court in the land, the Supreme Court,
Will the Trump rally and dollar rally fade during earnings season? Without a doubt a state of hysteria has gripped the USA equity markets since the presidential election result in November and that hysteria overlapped into the value of the dollar. The rise in the dollar cannot be singularly credited to the 0.25% base rate
Dollar weakens versus certain peers, USA equites slide, whilst Europe’s central bank believes inflation is not on the rise Two major political figures, one the (potential) incoming USA treasury secretary and the ECB’s president, dominated the fundamental news landscape on Thursday. Mario Draghi of the ECB, suggested that inflation was not necessarily on target, therefore
Inflation rises in the USA for the fifth consecutive month, dollar rises on Janet Yellen’s statement, whilst the Canadian dollar slumps as Bank Of Canada’s forward guidance stirs markets After announcing that the base interest rate would remain at 0.5%, the Bank Of Canada caused a dramatic sell off in the Canadian dollar (versus all
