With the landslide victory of Macron’s Party, things are looking good for the Markets and the Euro. Foreign Exchange, Stocks and Commodities Market reaction to political developments in France and Italy was best seen with the yield spread of 10-year bonds with respect to German bunds, the region’s benchmark of “risk-free” debt. Market Focus is…
The image above shows the ASX Index today and how the AUD Pairs performed last week. AUDJPY +144 Pips, AUDCHF +125 Pips, AUDUSD +91 Pips, EURAUD -164 Pips. During the Tokyo Session Friday, the Australian Dollar (AUD) consolidated within a narrow range but was threatening a firmer weekly finish as data came in positive for Employment…
Central Banks dominated headlines the previous week though none of them featured a Policy Statement. The Bank of Canada (BoC) surprised markets by stating it would be assessing its Monetary Policy if the current pace of growth continues. Yellen & Co. were the only ones to modify Monetary Policy while Bank of England (BoE) delivered…
As expected, the Feds yesterday, raised benchmark Interest Rates by another 25 basis points. Indices were low despite, as Market Analysts viewed the US Economy as muddled. The latest data on Retail Sales and Inflation also came up short. Today however, the Swiss National Bank (SNB) governing board members will come to a consensus on…
During the Tokyo Session Tuesday, the Euro declined, the Yen edged up, Sterling declined, Australian Dollar advanced and the New Zealand Dollar rallied to a 3 month high. As the London Session went underway, the Dollar steadied against the Euro, gained against the Yen and edged lower against the Sterling. The Swiss Franc edged up…
Sterling rose strong against the Dollar Tuesday after stronger than expected April Manufacturing PMI figures. London’s FTSE 100 closed 0.6% higher. Euro traded higher during the London Session, Swiss Franc struggled, Yen broke the resistance at some point. By the Wall Street Session, Investors’ focus seemed to make a shift, more toward the anticipation of…
After the May-Juncker Meeting at Downing Street, Word on The Streets of London is that there exists undeniably, a gap between Britain’s and the EU’s understanding of the ‘Brexit Rollout’. Prime Minister May is determined however, that come March 2019, Britain leaves the EU, deal or no deal. Business Chiefs in the UK have warned against Brexit…
Yesterday Monday was little active as most markets observed the Labour Day Holiday. The Core PCE figures, which is the Fed’s preferred Inflation measure, fell short of the Central Bank’s 2% target. Euro strengthened against the Dollar after weak US Factory and Inflation figures came in less than expected. Sterling weakened against the Dollar, Australian…
The Wall Street Journal reports that EY Item Club; an Economic Advisory business which provides knowledge, analysis and insight to help businesses understand the economic environments in which they operate, has stated that a lower Pound and “timely revival” in overseas markets will help to “smooth the impact of Brexit.” Japan’s NHK also reported today that…
The PMI is a Composite Index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders – 30% Production – 25% Employment – 20% Supplier Deliveries – 15% and Inventories – 10%. A higher than expected reading tends to be positive or bullish for the US Dollar, while a…
