Bank of England Expected to Keep Interest Rates Unchanged
The Bank of England are widely expected to keep interest rates on hold at this week’s meeting. Considering the recent economic data emerging from the UK, the economy would seem – at best – fragile. The...
View ArticleOil Rallies, Euro Shrugs Off Catalan Risk: Market Update
Overview The Catalonia independence stance is not fazing investors, as European stocks edge upwards. Equities have been especially resilient to bearish news lately as investors shrug off any sign of...
View ArticleDollar Dips Down, Rally Pauses for Oil & Stocks: Market Update
The Federal Reserve released the minutes of its latest meeting yesterday. Many of the members were in favour of a December rate hike while others were worried that low inflation was more than just...
View ArticleChinese Trade Data Helps Global Markets
Global Commentary Asian markets were cautiously higher for the most part on Friday, as investors had little reaction to trade data released by China. Instead the focus seems to be on the inflation data...
View ArticleDaily Market Analysis – 20.10.2017
Time (GMT) Currency Event Previous Forecast 08:30 GBP Public Sector Net Borrowing 5.1B 5.7B 12:30 CAD CPI m/m 0.1% 0.3% 12:30 CAD Core Retail Sales m/m 0.2% 0.3% 12:30 CAD Common CPI y/y 1.5% 12:30...
View ArticleDaily Market Analysis – 23.10.2017
Time (GMT) Currency Event Previous Forecast 10:00 GBP CBI Industrial Order Expectations 7 9 12:30 CAD Wholesale Sales m/m 1.5% 1.1% 14:00 EUR Consumer Confidence -1 -1 07:00 EUR French Flash...
View ArticleDaily Market Analysis – 25.10.2017
Time (GMT) Currency Event Previous Forecast 08:00 EUR German Ifo Business Climate 115.2 115.3 08:30 GBP Prelim GDP q/q 0.3% 0.3% 12:30 USD Core Durable Goods Orders m/m 0.5% 0.5% 12:30 USD Durable...
View ArticleDaily Market Analysis – 26.10.2017
Time (GMT) Currency Event Previous Forecast 08:00 EUR M3 Money Supply y/y 5.0% 5.0% 11:45 EUR Minimum Bid Rate 0.00% 0.00% 12:30 EUR ECB Press Conference 12:30 USD Unemployment Claims 222K 235K 14:00...
View ArticleOil Continues To Climb As Iraq-Kurdistan Tensions Escalate
Commodity Markets Oil prices continued to rally on Tuesday as Iraqi forces move in on the oil-rich city of Kirkuk. Tensions between Kurdistan and Iraq escalated on Monday after the Kurds voted for...
View ArticleSterling Slips After Theresa May’s Power Struggle
Sterling slipped on Monday thanks to a group of Conservative members of parliament agreeing to sign a letter of non-confidence in Prime Minister Theresa May’s ability to lead Britain out of the...
View ArticleHow Resilient Is The British Economy?
With an un-unified government and a Prime Minister who lacks authority, Britain have embarked on a voyage to cut ties with their biggest trading partners: The European Union. Grappling to make progress...
View ArticleHow inflation is choking the British economy
Back in June of last year, the pound was at $1.50 against the dollar as the first votes of the Brexit referendum trickled out. However, as the night veered on it became more apparent that Britain would...
View ArticleBrexit Negotiations Make A Significant Breakthrough
British Prime Minister Theresa May has agreed to honour the UK’s financial liabilities to the European Union. Payments worth €100 billion are due to the EU as a fine for leaving the trading bloc....
View ArticleUK strikes Brexit divorce deal
A breakthrough was made on Brexit negotiations on Friday. British Prime Minister Theresa May has agreed to honour the UK’s financial liabilities to the European Union. Payments worth €40 – €60 billion...
View ArticleBank of England Expected to Keep Interest Rates Unchanged
The Bank of England are widely expected to keep interest rates on hold at this week’s meeting. Considering the recent economic data emerging from the UK, the economy would seem – at best – fragile. The...
View ArticleDaily Market Review – 29.11.2018
US Not a good day for the dollar yesterday, as it lost 80 cents on extremely weak economic data. October’s trade deficit increased by a billion and a ¼, consumption fell by a 1/10th%, new home sales...
View ArticleDaily Market View – 4.12.2018
Asia Chinese indexes are reacting quite muted this morning following yesterday’s handshake exhuberance. The Nikkei lost 2½% as the yen added 50 pips to the dollar. Biggest losers in Tokyo include...
View ArticleDaily Market View – 5.12.2018
Asia Japan’s service sector presented a lower PMI in November, down a click to 52.3 and schlepping the euro down with it. The yen rose steadily throughout the day, receding a 1/3 of the way as the...
View ArticleDaily Market Review – 6.12.2018
US US data was sparse yesterday owing to closed markets commemorating President Gearge Bush; and despite markets closing Tuesday down 3-4%, this morning’s index futures show no sign of relenting....
View ArticleDaily Market Review – 31.12.2018
DeutscheBank yesterday summed up the year in one word: recession, with 93% of all assets falling year on year; that’s compared to 84% in 1920. The Dow Jones had its worst performance since the...
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