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Feb 26, 14 •
2811 Views •
Morning Roll Call •
Maria Iacob
Comments Off on USA poor data prints causes USA indices to reverse before Tuesday’s close whilst Europe anticipates a growth in GDP over the next two years
Focus shifted to the USA in terms of high impact news events on Tuesday, the Conference Board consumer confidence index fell slightly, although the Expectations Index sub section of the overall data showed a significant drop from 70.8 to 75.7. However, as a...
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Feb 24, 14 •
2988 Views •
Morning Roll Call •
Maria Iacob
Comments Off on UK chancellor is busy selling up the UK’s prospects at the G20 summit, whilst China growth worries spook Asian equity markets
Mark Carney has wasted no time in mingling and schmoozing at the G20 summit currently ending in Sydney. Ahead of the publication of official data this week from the UK, that is expected to confirm robust GDP growth, the Bank of England governor Mark Carney...
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Feb 21, 14 •
4426 Views •
Morning Roll Call •
Maria Iacob
1 Comment
The weekly unemployment claims in the USA were released on Thursday and came in at 336K, once again stubbornly trapped in the range that is quite a permanent feature of the weekly high impact news events. One area where the employment numbers may be helped in...
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Feb 20, 14 •
4062 Views •
Morning Roll Call •
Maria Iacob
Comments Off on FOMC meeting minutes produces no surprises other than a reference to future interest rate rises perhaps sooner than later
At the end of a day which was thin on news events, it was left to the FOMC to provide what many FX traders believed would be the market drama as they revealed their latest minutes which contained some fascinating detail. We’ve highlighted a couple of...
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Feb 19, 14 •
3722 Views •
Morning Roll Call •
Maria Iacob
1 Comment
There was a raft of fascinating data courtesy of of the USA on Tuesday much of it negative. The Empire manufacturing index collapsed by 8 points to 4.5. Builder confidence collapsed by ten points to 46. Whilst consumer debt increased by a worrying amount, a...
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Feb 18, 14 •
2948 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Is the Eurogroup actually calling the end of the Eurozone crisis?
Monday was a relatively quiet day for high impact news events and or fundamental policy decisions due in the main to the bank holiday in the USA, but that hasn’t deterred us from scouring the various wires in order to being you up to date with the key...
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Feb 14, 14 •
2743 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Retail sales fall in the USA whilst weekly unemployment claims edge up once again
The Kiwi reacted neutrally to the news that food prices in NZ had risen by 1.2% in January 2014. Fruit cost was up 7.4%. In other NZ news house sales have fallen, down 4.3% versus January 2013 and over 17% less than December 2013. Nationally house prices have...
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Feb 13, 14 •
2809 Views •
Morning Roll Call •
Maria Iacob
Comments Off on A tale of two central banks’ indecision and flops
Wednesday was a very skittish and haphazard day with regards to policy decisions and high impact news events. The strangest story came by way of the ECB and the various mandarins and apparatchiks hovering at the heart of its mechanism. It was incredibly hard...
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Feb 12, 14 •
2673 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Janet Yellen’s first testimony goes well as she voices concerns of the real levels of USA unemployment
All things considered the new Federal Reserve chairperson Janet Yellen made a very impressive ‘debut’ on Tuesday, she quickly ‘moved through the gears’ covering many subjects expertly. A brief synopsis of her speech we’ve...
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Feb 11, 14 •
2924 Views •
Morning Roll Call •
Maria Iacob
Comments Off on Housing starts in Canada come in as expected whilst USA consumers expect significant wage rises this year
The afternoon session in New York and London on Monday was both light on volatility and high impact news events. Canada’s annualised housing starts at approx. 195,000 units came in as analysts expected, thereafter a deputy governor of the Canadian...