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 counter balance the Present Situation sub section rose from 77.3 to 81.7. […]
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 highlighted Britain’s lead over other major economies after he attended
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 the USA is in the manufacturing sector which according
USA indices defy some poor data prints to finish up during Thursday’s sessions Read More »
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 the critical passages further down the article. Perhaps the
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 truly jaw dropping $241 billion in the final quarter of
A raft of poor data from the USA results in the DJIA closing down marginally Read More »
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 information that’ll move our FX markets, major
Is the Eurogroup actually calling the end of the Eurozone crisis? Read More »
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 fallen by 25K since December. In the
Retail sales fall in the USA whilst weekly unemployment claims edge up once again Read More »
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 to keep track of the mutterings coming from so many directions.
A tale of two central banks’ indecision and flops Read More »
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 contained in our usual snippets sections below. However, what really caught our eye was her frank honesty that the unemployment situation
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 central bank issued a decree that the banks aim was to keep inflation at circa
