All Eyes on Jacksonhole Central Bank Meeting Thursday and Friday will see strong actions on the Forex, Stocks and Commodities Markets. Industrial Commodities such as Copper, Aluminum and Nickel have shot up whilst Precious Metals such as Gold edged lower as Investors focus on Jackson Hole and the speeches from the Central Bank Heavyweights starting…
Market Updates: Last Week’s Forex Performers and this Week’s Market Catalysts The last bit of this past Trading Week was full of Economic Data from various Global Eonomies, mixed with news of terrorist violence, Korean – Washington issues, and upheaval at the White House. With Investors wondering if Trump can improve confidence in his leadership,…
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…
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…
With all the anticipation of the ECB Meeting, the ECB left its key Interest Rates unchanged and maintains that they will bolster its Bond-Buying program if the EuroZone’s economic condition worsens. BoJ however, pushed back their Inflation Target, raising hopes for extended monetary stimulus. All major Indices hit all time highs by close of Wednesday…
By the close of the Wall Street Session yesterday Monday, the Euro edged higher against the Dollar, Sterling dipped, Canadian Dollar weakened slightly and Australian Dollar rallied almost to a two-year high. Elsewhere in the UK, it’s almost all going south. Price Growth unexpectedly slowed and Core Inflation dropped. Brexit Secretary Davis is back in…
All eyes are on the US GDP report today at 8:30 AM ET, and a weaker reading than expected would have a negative effect on the Dollar to say the least. Preliminary GDP, which was released in May, came in at 1.2%. Meanwhile, the Sterling posted considerable gains Wednesday. Gross Domestic Product (GDP) measures the…
Most Indices extended modest gains during the Tokyo Trading Session. European Indices declined while ECB President Mario Draghi’s speech highlighting a recovering economy, caused the Euro to advance. Sterling rose to a 1-week high after data showed CBI’s trends advanced at 12 in June, surpassing expectations and up from the month of May data. The…
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…
