2 days ago
Next week will get off to a slow start, due to the Spring Bank holiday in the UK and the Memorial Day holiday Stateside, although the macroeconomic data flow will accelerate towards the end of the same, particularly in the US. Nevertheless, local elections in Italy this next Sunday - May 27th - may bear watching.
Next week will get off to a slow start, due to the Spring Bank holiday in the UK and the Memorial Day holiday Stateside, although the macroeconomic data flow will accelerate towards the end of the same, particularly in the US. Nevertheless, local elections in Italy this next Sunday - May 27th - may bear watching. 2 days ago
Some economists are fond of reminding clients every now and again that there are three kinds of lies: lies, damned lies and statistics. 9 days ago
The coming week will see the economic data release schedule pick up again in almost all the major geographical areas. Critically - perhaps - they will come in the aftermath of this weekend´s G7 meeting in the UK, wher all eyes will be centred on any possible comments regarding the FX market. 2 weeks ago
Global capital markets face a daunting week with a steady stream of economic data and events on the calendar. As ever, the release of the monthly employment report Stateside - on Friday - will be front and centre in investors´ minds given its importance for the global economy and Fed Policy. 4 weeks ago
Next week looks set to be somewhat quieter than the one just gone, partly because of the Bank Holiday on the Monday and partly because of less market-moving economic events that we have seen as of late, such as the rate cut in Europe and the all-important US jobs report. 3 weeks ago
Investors will come back from the weekend to find that the Washington G20 meeting did not explicitly single-out Japan for currency manipulation, while at the same time warning that much more needs to be done to foster growth. However, some observers, such as the Financial Times, believe the draft communiqué highlights a "growing fiscal and monetary divergence" and a minimal level of co-ordination. Worth pointing out, the assembled leaders called on the Eurozone to accelerate steps to create a 'banking union.' 5 weeks ago
With record numbers of people trading on margin through CFDs and spread betting, it is extremely important not to use all the leverage available which can be tempting but one must resist - as within a blink of an eye your position(s) can be wiped out.
With leverage sometime 100 times for an instrument, especially indices one has to be very careful when trading as the risk/reward is extremely high. It is no joke to say that trading is riskier than visiting a casino. Profits and losses can be far greater trading!
Earlier this week we heard from the Reserve Bank of Australia and the minutes of their meeting, which generally confirmed what most had suspected: that the strength of AUD was a pivotal factor in what was an otherwise close decision to cut interest rates.
The all-important policy guidance at the end of the minutes reveals that the RBA opted to use “some” (the “some” comment is a repeat from a couple of weeks ago) of the scope afforded by the low first quarter inflation figures and outlook, to lower the cash rate.
The latest Japanese GDP reading highlights the success that the new massive stimulus programme being carried out in Japan has had in revitalising that stricken economy. Today’s drop in UK inflation suggests that the new Bank of England governor may be wise to suggest a similar policy for the UK.
The markets seem to be extending their highs in recent days with no concern about the continuing threat of war in the Middle East.
This morning, news that Israeli and Syrian forces have exchanged fire across the ceasefire line in the occupied Golan Heights was largely ignored by the financial markets.
This morning silver fell to levels not seen since September 2010 as commodity prices slumped overnight in Asia and this extended in early London trading. Although here is plenty of physical buying from China, India and the Middle East – there is heavy computer ETF selling.
A strong dollar and outperforming equity markets have shifted investor’s attention to more risky assets with silver suffering.