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
GBP/USD rises most in a single day since 2008, whilst Trump comments hits dollar’s value Sterling enjoyed a huge rise versus its trading peers on Tuesday, as a consequence of the UK’s prime minister spelling out her government’s plan and timetable to exit Europe. Despite her harsh rhetoric, insisting on what’s termed a “hard Brexit”,
Sterling slumps to a three month low as ‘hard Brexit’ fears reappear, whilst prime minister May gets ready to announce her European exit timetable. In relatively thin FX trading conditions, due to the USA markets being shut for Martin Luther King day, the UK’s pound may have avoided more suffering during Monday. Sterling was hammered
Sterling plummets immediately markets open due to the UK government’s hard Brexit stance. With predictable regularity, the UK pound plummeted as FX markets opened on Sunday evening, due to various UK publications, such as The Sunday Times, suggesting that the prime minister Theresa May will insist on controlling her country’s borders as part of Brexit.
