Morning Roll Call

Euro falls as certain ECB officials report their projections were too optimistic, sterling slips as reports emerge that talks between Labour and Tories have stalled.

The euro fell versus the majority of its peers during the London-European trading session on Tuesday, after several ECB central bank officials declared their belief; that the previous targets the bank had set for growth, were over optimistic. This declaration implied that the ZIRP and NIRP (negative and zero interest rate) policies would have to […]

Euro falls as certain ECB officials report their projections were too optimistic, sterling slips as reports emerge that talks between Labour and Tories have stalled. Read More »

USA equity markets slip as banking sector sentiment falls, GBP/USD trades in a tight range as volatility collapses, due to Brexit date extension.

What’s termed “earnings season”, when major USA firms listed on public trading markets, report their latest set of trading figures, has begun in America. Analysts and investors pay close attention to the results and in particular to the figures filed by the banking sector. The belief is that if firms, such as; Goldman Sachs and

USA equity markets slip as banking sector sentiment falls, GBP/USD trades in a tight range as volatility collapses, due to Brexit date extension. Read More »

CPIs, PMIs, the latest USA trade balance deficit, Eurozone sentiment readings and North American housing data, will dominate the week’s FX calendar.

Monday begins with the latest U.K. Rightmove asking house prices, published just after midnight. This data, ranking as medium impact, can have a significant effect on overall U.K. consumer and investor sentiment, for both the value of equity indices and sterling. The trickle down effect that; house buying, moving and speculation has on the U.K.

CPIs, PMIs, the latest USA trade balance deficit, Eurozone sentiment readings and North American housing data, will dominate the week’s FX calendar. Read More »

USA records a low of unemployment claims not seen since 1969, USA equity markets trade in tight ranges, as global trade fears hit investors’ sentiment.

The USA statistics agency, the BLS, reported a weekly unemployment claims number so low on Thursday afternoon, that statisticians had to refer back to 1969 to find such a comparable small reading. Only 196k Americans filed an unemployment claim during the preceding week, whilst continuous claims also fell moderately. Cynics were quick to point out

USA records a low of unemployment claims not seen since 1969, USA equity markets trade in tight ranges, as global trade fears hit investors’ sentiment. Read More »

U.K. gets its Brexit extension, ECB’s Draghi delivers a dovish statement, FOMC continues to adopt a “wait and see” monetary policy.

As predicted, by the economists polled by Reuters and Bloomberg, the ECB announced they had kept the key interest rate unchanged at 0.00% and the deposit rate fixed at -0.4%, at the culmination of their committee meeting. Later in the afternoon, during his press conference in Frankfurt, the ECB President Mario Draghi urged patience, with

U.K. gets its Brexit extension, ECB’s Draghi delivers a dovish statement, FOMC continues to adopt a “wait and see” monetary policy. Read More »

Yen rises versus peers, as safe have appeal increases due to the IMF lowering global growth forecasts, GPB/USD whipsaws in synergy with Brexit developments.

Japan’s yen rose versus several of its main peers during Tuesday’s trading sessions, its safe haven appeal was elevated as a consequence of the IMF severely cutting its predictions, regarding global growth for 2019. The International Monetary Fund cut its forecast to 3.3%, from the 3.5% rate it had predicted as recently as January 2019,

Yen rises versus peers, as safe have appeal increases due to the IMF lowering global growth forecasts, GPB/USD whipsaws in synergy with Brexit developments. Read More »

Sterling slips as Brexit situation takes unforeseen twist, USA equity indices rise, on prediction of a dovish, FOMC meeting outcome

The U.K. pound began to fall versus its peers, during Monday’s early trading sessions, as FX market participants began to wake up to the fact that the U.K. is now only nine working days away from needing to find an exit solution, or crash out. However, markets were taken by surprise, as the leader of

Sterling slips as Brexit situation takes unforeseen twist, USA equity indices rise, on prediction of a dovish, FOMC meeting outcome Read More »

Central bank interest rate decisions for the: U.K., USA and the Swiss economies, could impact on the value of the respective currencies this week

The U.K. pound will be under increased focus and intense pressure during the week beginning March 17th. U.K. MPs’ concentration and attention will become heightened, as the March 29th Brexit date approaches. The U.K. government and Parliament only has two working weeks to prevent a non chaotic exit. FX traders will know more, with regards

Central bank interest rate decisions for the: U.K., USA and the Swiss economies, could impact on the value of the respective currencies this week Read More »

Sterling pairs trade in tight ranges as analysts and FX traders gauge the impact of latest U.K. parliament votes, USA equity indices slip, as investors bank weekly profits

The chaos and confusion currently on display inside the U.K. House of Commons, was replicated in the market for the U.K. pound versus its peers, during Thursday’s trading sessions. All sterling base pairs traded in tight ranges versus their counter currencies, as analysts and FX traders struggled with the complexity of the voting patterns and

Sterling pairs trade in tight ranges as analysts and FX traders gauge the impact of latest U.K. parliament votes, USA equity indices slip, as investors bank weekly profits Read More »

USA equity markets rise, WTI oil rises to 2019 high due to reduced inventories, sterling rallies as U.K. MPs vote to reject a no deal Brexit

After enduring a sell off during the trading week ending March 8th, USA equity markets have rallied this week. The SPX closed at a four month high after three days of rises, reaching a level not seen since November 2018, whilst breaching the 2,800 critical handle, during Wednesday’s trading session. The durable goods data for

USA equity markets rise, WTI oil rises to 2019 high due to reduced inventories, sterling rallies as U.K. MPs vote to reject a no deal Brexit Read More »