Catch up on the latest trends and updates in the financial and forex markets with our daily blog posts. We break down key movements, currency changes, and market shifts, giving you a clear picture of what's happening in real-time. Stay on top of the news and get the info you need to make smart financial decisions.
US Non-Farm Payrolls was not released, as scheduled for Friday, as the realities of the Government shut-down become more apparent. The lack of Government statistics has resulted in a sideways movement of markets, with the US Dollar easing.
Read more →The US Government shut-down rolls on, with markets unable to decide, whether it is good or bad. US equity markets operate around record highs, while bond yields are drifting lower, allowing the US Dollar to flat line.
Read more →The US Government shutdown dominated markets overnight. The Democrats and Republicans could not reach an agreement over the budget, and the Government was forced to shut-down. This is highly dramatic amongst the media and in Washington, but was brushed off by markets, with equities and bonds steady.
Read more →US equity markets drifted, as the US markets fear a ‘Government Shutdown’, over the US budget impasse. Congress cannot agree on the budget, as the Senate refuses to buckle, to President Trump’s wishes. The Congressional leaders will meet again to discuss possible solutions and compromise.
Read more →A cautious start to the trading week, as markets look forward to US Labour Market data and fears of a government shutdown in the US grow. The US labour market will be under consideration all week, with a series of data drops, culminating in the all-important Non-Farm Payroll number.
Read more →The US PCE inflation indicator, which is the Fed’s preferred measure of inflation in the US economy, was in line with expectations. This number was released Friday, following the extremely strong GDP growth number, which will alleviate fears of inflationary pressures and allow further rate cuts.
Read more →US GDP data confirmed a strong surge in US economic growth, with a reading of 2.1% for Q2, giving an annualised number of 3.8%. This is a massive turnaround from only a month of two ago. The US economy is running hot, now that global trade is now completely realigned.
Read more →European and US equity markets continued to drift lower, off record highs, reflecting soft economic data points. European and US PMI data was softer than expected and inflation remains stubbornly high, preventing further downward pressure on interest rates.
Read more →US equity markets retraced off record highs, taking a breather, or perhaps recognising ‘too late’ Powells warnings that the US share markets are overvalued? The USD Current Account contracted by the largest amount in US history, as imports crashed.
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