The Markets So Far – Week of December 4 Equities mostly slumped last week and were mixed for the month of November. Economic Data indicated that growth worldwide is improving. The November manufacturing PMIs were strong globally and new or updated GDP Data indicated growth is improving globally. In Japan, October Data were split with…
Economic Data Upbeat in Second Half of 2017 Following the prior week’s striking pressure in average hourly earnings, the week starts off slowly putting the focus on speeches from Federal Reserve FOMC Members. Neal Kashkari of the Minneapolis Fed and Rob Kaplan from Dallas speak on Tuesday. Charles Evans of Chicago follows on Wednesday, with…
Market Analysis: Forex, Commodities and Indices React To Jackson Hole Speeches Markets seemed to be refrained Friday, in the wake of rising expectations of a hawkish twist to be delivered by the Fed Chair Yellen and ECB President Draghi at the Jackson Hole event. While the forecast of Hurricane Harvey directly affected Gold and Oil…
Mid-Week to Week-End Market Recap By mid-week last week, concerns over escalating tensions between the U.S. and North Korea capped risk appetite and sent Investors in pursuit of lower-yielding assets. The benefactors of this act were Gold, Japanese Yen and Swiss Franc. All 3 major Market Sessions traded along this sentiment. Base Metals were broadly…
With the FOMC Statement in focus, Forex Traders, Commodity Investors and Market Analysts alike, have had their eye on Silver and XAGUSD. XAGUSD has been consolidating around the $16.40 mark, and unless you’ve been busy watching ‘Game of Thrones’, taking pictures at the Iron Throne (if you live in Dubai) or making the ‘Winter Is Here’…
Today is PMI Day. Speculator and hedge-fund net short positioning on the USD have risen to the highest number of contracts since 2013. The big event for markets this week is Wednesday’s Federal Reserve decision, with a Bloomberg survey showing that no change in policy is expected. In a broader perspective EURUSD broke the 1.16 level…
As the first day of the Trading Week commences, the focus of the Forex, Commodities and Indices Markets are all on China’s expansion. The Yuan traded near the highest level in eight months with GDP expanding at a better than expected 6.9%. In the US, though Trump’s Poll approval ratings still rank below 50%, majority of Americans…
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…
