The euro fell versus the majority of its peers during Monday’s sessions, analysts at leading banks suggested that the reason for the fall was two fold, firstly; lack lustre inflation data for the Eurozone published on Friday, suggests that the ECB won’t aggressively taper the asset purchase programme in 2018. Secondly; profit taking, as many […]
Last week ended with the publication of disappointing NFP jobs numbers from the USA; coming in at 148k, versus expectations of circa 190k. A peculiar number suggesting that retailers, working on ever tightening margins, laid off employees earlier than expected during the Xmas season. The unemployment rate remained unchanged at 4.1%, whilst the underemployment rate,
We all decide to enter the world of forex trading with a goal in mind. That goal might be to boost the insufficient returns we receive from a basic savings, deposit account. Or we may view the industry as an opportunity to change careers; firstly by trading part time, with the ambition and vision to
The importance of creating your Trading goals to reach your vision of success Read More »
First quarter earnings reports and inflation data, could impact on both USA equity markets’ and the U.S. dollar’s value this week. The first quarter’s earnings season in the USA begins this week and many analysts and investors will be directing their laser focus towards the SPX, with particular attention aimed at financial firms, such as
Recent Fed base rate rise hits USA trade gap as dollar rises. It’s less than a month since the USA Fed raised the base interest rate by 0.25% and so far the USA equity markets and the dollar have responded positively. Equities have consistently printed record highs, whilst the dollar has gained in strength, rewarding
“Things that make you go hmmm”, analysts doubt OPEC’s cut will last… The ink wasn’t even dry on the agreement that OPEC (apparently) signed on November 30th and analysts scratched their heads, stroked their beards, narrowed their eyes, sharpened their pencils and began to cast their collective cynical gaze over the numbers. Quite simply; the
Renzi’s Italian job, he might “just blow the bloody doors off!” In the 1969 British film the Italian Job, a film depicting a gold theft in Turin, the actor Michael Caine delivered what’s now regarded as a legendary line; “you were only supposed to blow the bloody doors off!” The bank robbers had used too
Monday’s trading sessions, across Europe and in the USA, saw equities move ahead, with the DJIA and S&P printing record highs, primarily driven by energy, financial and commodity stocks, financial shares have enjoyed spectacular gains since the last recorded high by the S&P index; rising by 14 percent since August 15th. For the first
As global markets closed for the year the DJIA finally broke through the critical psyche level of 16,500 to close at 16576. For ‘indices traders’ 2013 has provided spectacular results and very smooth swing-trends throughout the year, due in no small part to the continued QE programme that the Fed only began to taper from
JP Morgan have offered their opinions to be positioning selectively for further deleveraging of short-term speculative positions and longer-term bond positions following the biggest rise in interest rate volatility in 2-1/2 years and spillover to more unstable equity/FX conditions, but say to avoid big positions due to payrolls coming up at the end of the
Flash: Macro trade positioning– JP Morgan Read More »
