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The main news in the forex markets today is coming out of the US where we wait for the GDP figures, unemployment claims and pending home sales. These are not expected to be positive for the US Dollar, as it is widely expected that the GDP reading will be negativefor…
After a glorious British Bank Holiday Weekend, we get back to work today reeling from the Euro election results and wondering what Europe is going to do next. The UK and US markets were both closed yesterday and although all other markets were open, trading volume was hugely reduced. We…
As we head into the long weekend the economic calendar for the UK is practically empty so any major moves will be influenced by events elsewhere. The strong UKIP showing in the local elections should not really have any impact whatsoever. We have already have some news out of Germany…
On the back of the healthy retail figures out of the UK yesterday and the MPC minutes, GBP climbed to a new level against the Euro. This is in comparison to German PMI data released this morning which has shown a decrease in manufacturing and a rise in PMI services….
Today, the markets have fully focused on the UK, with sales figures being released as well as the minutes from the MPC meeting held on the 7/8th May. Retail sales increased for a third month in April and have now posted 3 monthly gains for 14 consecutive months, which is…
Look at the picture. Just an image of Ji So-Yun of Chelsea Ladies Football Team, right? Not exactly. Look closer. Can’t see it? How about here? Still no? What about here? Maybe a little closer… Yes, now you see it. It’s happening. Soon. Images courtesy…
As expected, with no major news out, yesterday was a slow day on the markets. We did have some talk on the Euro front with further warnings that there may still be a risk of deflation and however unlikely this may be, the ECB does have the will to ease…
As we enter February, as always the first week of the months sees the markets focussed on the interest rate decisions on Thursday from both the Bank of England and the European Central Bank. Analysts from Citi and Nomura believe Mark Carney will be the the first to actually increase…
The US economy grew strongly at the end of last year. GDP grew by 3.2% in Q4, which together with 4.1% growth in Q3 makes the strongest half-year in a decade. Even though some elements of the data showed this growth would be unsustainable, the US dollar strengthened (perhaps some…
As was widely expected, the Fed further reduced the pace of its asset purchases. The FOMC upgraded its assessment of economic activity and was more firm in its view that the drag from fiscal policy was diminishing. No mention was made of recent financial market volatility in its statement. Markets…