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US Mid-Election & The Fed sticks to the Game Plan
The propaganda around the US mid-election dominated the markets this week. With the Democrats now in control of the House of Representatives, the Congress will be tied up in a legislative gridlock leaving the market participants to evaluate the effects of the election results on the policy making in the US. As widely expected, the Democrats a...
Tied In A Gridlock, Eyes Are Now On The FOMC Meeting!
The results of the US Mid-term election have been released and the Democrats took control of the House of Representatives, securing Washington in a legislative deadlock as widely expected. The talks of “impeachment” of the President will likely be making headlines as the Democrats are now empowered by investigative and procedural powe...
A Pivotal Moment For Sterling
GBPUSD - Has Cable run out of steam? Looking at GBPUSD, we can see the month of November has kicked off with some impulsive moves higher off the back of potential Brexit deals concluding behind closed doors. In the short-term, we might be witnessing the tail end of the recent rally as price action is showing signs of exhaustion, particula...
European Round-Up: 5th November
Key Economic News Releases Today: GBP Markit/CIPS UK Services PMI (October) lower at 52.2 vs. 53.3 forecast GBP Markit/CIPS UK Composite PMI (October) lower at 52.1 vs. 53.4 forecast USD ISM Non-Manufacturing/Services Composite (October) higher at 60.3 vs. 59.1 forecast To keep up to date with the upcoming economic events click here...
What to expect from the RBA this Tuesday?
Australian’s weak inflation report this week has set the tone for the RBA’s Rate Statement next Tuesday. The underlying inflation reading remains well below the RBA’s target 2-3% for the 11th consecutive quarter. There is no doubt that the Australian inflationary outlook remains feeble. Some cyclical and structural headwinds are pre...
Non-Farms: US Jobs Numbers Are In
US Jobs Numbers Are In The Bureau of Labor Statistics have released the latest jobs report for September. Let’s take a look at the latest numbers. The total non-farm payroll employment increased by 250,000 the U.S. Bureau of Labor Statistics reported today versus the forecast of 193,000. Most significant job gains were in health care, in manufa...
US Mid-Term Election Be Prepared!
Why should you care? There are two main consequences of the US mid-term election: Cripple Trump’s Administration OR Cripple Trump’s political opponents “The Republicans” �...
Preview: Bank of England Rate Decision
On Monday, UK Chancellor Phillip Hammond announced its latest budget, which did not have a massive impact on Pound Sterling. Now that is out of the way; it’s time to focus on another critical economic event – the Bank of England rate decision. The decision is set to be announced at 12:00 PM London time on Thursday. About Interest Rates Inter...
US Non-Farm Payrolls Preview
This Friday will see the release of Non-farm payrolls (NFP) which normally triggers strong volatility across the forex board. The NFP represents the number of new jobs created during the previous month in all non-agricultural business. The September figures came way below expectations at 134k instead of the expected 185k due to the Hurricane...
Monthly Updates
Stock Markets: Wall Street Bleeds This Year’s Gains October took the equities markets on a rollercoaster ride. Investors’ sentiment is vulnerable as a series of bearish facts engulfed the markets. Various headwinds are hitting the stock markets and reviving fears creating some panic-selling. The presumption that a correction is due soon is ...
Oil – Can Basic Economics Be Responsible For An 11% Decline?
On the back of what has been a pretty punishing month for Oil, now trading below $70 a barrel for WTI crude, we’re going to take a look at Oil, the fundamental drivers behind the price swings and what the future could hold for the Oil markets. For the sake of clarity, this article will be looking exclusively at WTI Crude. So what drove the clos...
Gold Making Waves – Where Will Price Settle?
Creating New Monthly Highs Yesterday gold reached a three-month high of $1,239.68 which, as we head into the final quarter of 2018, is once again stirring up price speculation and talk of a change in directional bias. While the fundamental aspects appear to be related to hiccups in global stock markets, we'll focus on the technicals for clues as t...
What to expect from the European Central Bank this Thursday?
The European Central Bank (ECB) is set to announce its interest rate policy this Thursday. Market participants are widely expecting the rate to remain on hold, but most importantly, the “language” and the “tone” of the statement will be closely watched. It is unlikely that there will be any surprises from the ECB policy meeting and th...
October Stock Market Volatility – The Myth
The Psychological effect behind the Stock Markets’ Most Volatile Month. Generally, the volatility in October has been well-above average, and this does have a psychological effect on investors’ minds. The biggest market crashes – Black Monday/Tuesday and other turmoil had occurred in October making it the “Jinx Month”. The sharp an...
Up Next: The Bank of Canada Rate Decision
One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The decision is scheduled to be announced on Wednesday at 14:00 PM London time. It will be the first meeting since the new United States–Mexico–Canada Agreement (USMCA). The bank has increased its interest rates four times since July of last year,...