Donald Trump
Sterling and FTSE relation reversing before Theresa May triggers the article 50. The Fed speeches and the US health care bill going to bring more volatility for the market. Today will be prominently dominated by various speeches from the Fed. Charles Evans of the Chicago Fed; St Louis’ Fed president,...
Donald Trump
A growing sense of caution has gripped the financial markets this week with investors on standby ahead of Thursday’s key healthcare vote in Congress which may thoroughly test the Trump bump. Uncertainty over Donald Trump’s proposed economic agenda has already triggered risk aversion and any complications in the healthcare reform...
British Pound vs US Dollar
The U.K managed to surprise everyone overnight as the latest round of retail sales proved highly robust, coming in well above estimates at 3.7% y/y. Subsequently, the pair rallied around 60 pips, before running into some stiff resistance at 1.2530, and now sits at a precarious position. The initial...
German Economy
While markets in Europe managed to eke out some gains yesterday the decline in US markets continued after the expected vote on the new health care bill to replace Obamacare was postponed, due to a failure to garner enough support for it. Nonetheless it looks set to be a disappointing...
US Employment
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strengthening labor market. Initial claims for state unemployment benefits increased 15,000 to a seasonally adjusted 258,000 for the week ended March 18, the Labor Department said on Thursday. Claims for...
DAX
Euro zone stocks and bonds rallied on Thursday as banks snapped up almost quarter of a trillion euros of interest-free European Central Bank cash in what the ECB hopes will be the last outing for one of its main crisis-fighting tools. Banks took a whooping 233 billion euros ($251.31 billion)...
Oil
Crude oil has declined sharply this month, as the prospect of a renewed supply glut from U.S. shale threatens the market’s quest for balance. Since reaching 19-month highs on February 23, U.S. West Texas Intermediate (WTI) futures have plunged more than 11%, marking their worst retreat in a year. Brent crude,...
Great British Pound
The UK’s retail sales, excluding autos, grew 1.3% month-on-month, printing a yearly expansion of 4.1% versus 3.2% expected by analysts. The solid data underpinned the GBP-bulls. The pair hit 1.2520 as a reaction to the data and gathers momentum for a further rise toward 1.2565 (minor 76.4% retracement on...
Wall Street Stocks
Wall Street endured its worst day in months on Tuesday as it investors went into risk-off mode. Traders seem to be reassessing the Trump trade. Will he deliver on the promise that has fuelled the gains since November? Problems with healthcare reform don't augur well for tax and deregulation efforts. It...
US Dollar Japanese Yen
The risk aversion in markets dissipated today and demand for safe havens eased. This helped the dollar made some recovery against the yen, while gold paused its six-day rally. The dollar moved off four-month lows hit against the yen yesterday at 110.72 on investor concerns over US President Trump’s ability...