Data released early this morning: • 3 Jan 22:30 Dec Australia AIG Services Index, 52.0 Actual | 51.7 Previous • 4 Jan 00:30 Dec Japan Nikkei Mfg PMI, 54.0 Actual | 54.2 Previous • 4 Jan 01:45 Dec China Caixin Services PMI, 53.9 Actual | 51.9 Previous Bitcoin lost some of its overnight gains made…
The Week Ahead – November 13 Most Global Indices retreated last week. A combination of little US Economic Data and uncertainty regarding Tax Reform sent most Investors to safe havens. In the 4 years of leadership under Janet Yellen, the Unemployment Rate has moved from nearly 7% to a generational low of just over 4%….
Federal Open Market Committee Decision In Focus The year 2017 is likely to end strong in the US Manufacturing sector, especially with Durable Goods. However, market watchers are still keeping their fingers crossed with Exports and Inventories, whether the former will keep up strength, and the latter, drawn down. This week started off busy. Employment…
Big FX Market Data Ahead: Ifo, GDP, Goods, Housing, BoC and Twitter Twitter has become the platform for political tantrums since the November 2016 Elections. President Trump and two Senators laid out their feelings in 140 Twitter characters. Today is a very busy day for the Markets but we also cannot afford to ignore the…
Central Bank Policy Meetings Take Centre Stage This Week This new Forex Trading week begins with a series of Central Bank Policy Meetings, with the European Central Bank and the Bank of Canada. The Bank of Canada is expected to pause in its Interest Rate increases this time around and will also publish its Monetary…
Euro Gets Attention As Investors Await Draghi Speech By the close of the Wall Street Session Tuesday, the Euro edged lower against the US Dollar, as the Dollar rose on speculation that US President Donald Trump was leaning towards nominating a Federal Reserve Head who would be more inclined to raise Interest Rates at a…
Big Data Tuesday For The United Kingdom There are no Central Bank Meetings during this week but the Federal Reserve will publish its Beige Book in preparation for the FOMC Meeting slated for October 31 and November 1. In the UK, it is a big day and a big week, with both the Consumer and Producer…
Euro Edged Higher Against The Dollar Following Feds Minutes The Wall Street Journal reports that BNP Paribas will no longer finance shale and oil sands projects, as it is re-evaluating its relationship with the oil sector amid mounting pressure from investors and top financial institutions. By the close of the London Session, Sterling edged down…
ADP, PMI and ISM Data Looks to Alleviate Dollar Drop Recap After The Closing Bell, Tuesday OPEC’s biggest Oil producer, Saudi Arabia is looking at unprecedented deals to acquire Oil and Gas assets in Russia. The Euro edged slightly higher against the Dollar on Tuesday as Investors squared out positions following the 3-week rally. Analysts…
Market Focus: Last Trading Day of September It is the last trading day of the month. Major US Indices are poised to post solid gains for the month and the third quarter today, Friday, as Investors remain largely upbeat about the health of the US Economy and American companies. The Dow Industrials are up 2%…
