Stocks are groping around in red worldwide as markets have been cautious since the beginning of the year, and as they weigh the impact of rising Bond Yields. Analysts and Market Watchers are debating whether this represents a minor blip in a bull market that has grown used to endless records or a more fundamental…
Forex Markets and Stock Exchanges Anticipate UK Employment Figures This week, market players in the Forex Markets and Stock Exchange Markets around the globe, aren’t expecting any Monetary Policy changes from Draghi but eargerly anticipate the UK Employment Figures at 9:30 AM GMT. This places the GBP Pairs especially the GBPUSD pair on the spotlight….
Overnight Developments 01:30 China Dec PPI YY, 4.8% forecast, 5.8% previous, 4.9% previous 01:30 China Dec CPI YY, 1.9% forecast, 1.7% previous, 1.8% previous 01:30 China Dec CPI MM, 0.4% forecast, 0.0% previous, 0.3% previous Market Recap All major Asian Indices traded mixed early Wednesday. Gold was slightly down. The Euro declined against the Dollar…
Market Sentiments – Economic Data Reports US The Federal Reserve’s Beige Book gave an upbeat assessment of the US Economic Performance in September-October despite several regions being affected by Hurricane damage. In its Beige Book, the Fed noted that despite a tightening Labour Market, most Fed Districts only reported ‘modest to moderate’ wage pressures. US…
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…
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 Sentiments: Focus On Manufacturing PMI Data Last week the markets assessed Election results in Germany and New Zealand. The upcoming snap election in Japan also was parsed for a likely outcome. Given that the Core PCE disappointment didn’t move the markets, the pressure is now on average hourly earnings which will be the second…
Market Sentiments – CFTC COT Report for Commodities (August) The CFTC COT Report released on Friday September 1 for Commodities cover positions unto Tuesday August 29. It represents largely, the positions of the Institutional Traders. Gold – Majority Long and Increasing Net long position increased by 22,609 contracts to +231,000 contracts. Copper – Majority Long…
Market Focus – EURUSD Stronger On Draghi Speech Fed Chair Yellen will be speaking about “Financial Stability” this year at the Jackson Hole Symposium on Friday (August 25, 4:00 pm GMT). The ECB has confirmed that Draghi will be speaking also on Friday (August 25, 7:00 pm GMT). Around the Gulf region, other Middle Eastern…
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…
