Several global political issues, which are having a demonstrable impact on the global economy, could reach their nadirs, during the trading week beginning Sunday February 24th. Namely; Brexit and the China-USA trade/tariff talks. Friday March 1st is the date the Trump administration has previously set as its tariff deadline. Unless an agreement is reached by […]
The Aussie dollar crashed in value versus its peers during the Sydney and Asian trading sessions, after certain Chinese port authorities began to refuse the entry of Australia’s coal into China. Other than iron ore, coal is Australia’s largest export product, mainly shipped to China and then throughout Asia. Both minerals have provided the foundations
The U.S. dollar rose versus yen during the latter part of the New York session, after the minutes of the FOMC January rate setting and monetary policy meeting were published. The overall consensus, reached by the FX analyst community after the publication was broadcast, concluded that the minutes were not dovish, perhaps leaning towards a
Market analysts and FX traders were left confused on Tuesday as sterling rose by circa one cent versus the U.S. dollar. The significant move of GBP/USD, by circa 1% during the afternoon’s New York session, crashing the major pair up through the third level of resistance, R3, didn’t appear to be supported by any positive
USA equity markets finished with a flourish on Friday February 15th, the DJIA closed up 1.74% and the SPX up 1.09%. The implementation of a national emergency by Trump, to get funding for his Mexico border wall, was not enough to dent market confidence, as optimism developed in the New York trading session, that the
The latest retail sales data for the USA economy missed the Reuters target by some distance when published. The forecast was for a drop to 0.1%, however, the actual print came in at -1.2% for December, month on month. Analysts and market commentators on channels such as Bloomberg, scrambled around for an explanation; stock market
On Wednesday morning, the U.K. statistics agency, the ONS, published its latest data series and snapshot, regarding inflation for the U.K. The headline CPI inflation surprised the economists polled by Reuters, coming in at -0.8% for the month of January. Whilst CPI annually fell to 1.8%, from the 2.1% figure recorded up to December 2018.
December 2018 proved to be an unusual and rogue month for USA equity markets, traditionally the markets rally in late December, whilst delivering the infamous Santa rally. But 2018 was different; the key U.S. markets sold off, with the NASDAQ and SPX entering correction territory, defined as a market slumping 20% from its recent high.
The U.K. statistics agency, the ONS, provided a shock statistic for the U.K. economy on Monday morning. The GDP growth came in at -0.4% month on month for December, missing the expectation of 0.00% growth. It should be noted that historically, in an economy such as Britain’s; driven by services and consumption, the final month
GPB/USD slumps as U.K. GDP contracts and the U.K. government makes no progress on Brexit Read More »
Since experiencing a significant slump in December, USA, European and Asian equity indices have made significant recoveries in 2019. The potential resolution, to the ongoing tariff driven trade war between the USA and China, has provided the calm to pour over the previously, highly inflammable and volatile markets. But the current benign situation could be
