The markets open a new trading week and a fresh quarter. The focus will be on the monthly economic reports and indicators. Data from the US will be dominating the newswires, for the most part, this week. Among the central bank meetings, the RBA's meeting is coming up this week, and no changes to interest rates are expected. From the Eurozone, ...
The first trading month of the year is now history as traders shift focus to a busy week. Among the central bank meetings, the FOMC and the BoE meetings are likely to overshadow the Bank of Japan's meeting this week. Still, no changes to monetary policy are expected this week from either of the central banks. In the UK, the Brexit bill is likely...
The U.S. labor market seems to have ended the year 2016 on a firm footing with the latest data from the Labor department showing a strong increase in wages after falling 0.1% just a month before. Official data on Friday, January 6th showed that the U.S. economy added 156k jobs in December from the previous month. It was slower than the market e...
Happy New Year! Traders and investors will be looking to a busy first week of the year coming out of the Christmas and New Year break. The markets are closed on Monday across major trading hubs and the holiday shortened week will gain pace as latest data for December is released. In the U.S. FOMC meeting minutes, ISM surveys and Friday’s payr...
OPEC leaders met in Vienna this week for the bi-annual meeting but despite the buzz, leaders of the oil producing nations failed to reach any conclusive agreement on ceiling production. Oil prices did not react much which also saw the weekly US crude oil inventories posting a lesser than expected draw-down on inventory. Elsewhere, economic data ...
The British pound was the strongest currency last week, rising 0.81% against the US dollar. The Sterling gained as opinion polls suggested that the risks of the UK leaving the EU were ebbing, underlining the fact that the sterling was focusing more on the Brexit risks than the fundamentals. Last week saw the UK's first quarter GDP coming out unc...
The British Pound got some boost with the services PMI posting yet another month of gains. Data released by Markit, showed the British services sector PMI rising reaching an 8-month high at59.5, above 58.9 last month. The Pound saw a modest reaction to the news, but quickly reversed to trade back at the pre-release levels. For the past two da...
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