One year since Brexit News is rather thin on the ground as we prepare for the last session of the week with most currencies ignoring the 1 year anniversary of the UK’s vote to leave the European Union. Overnight Theresa...
A change to the US steel policy is likely be announced soon. The announcement will be important, as it will show whether Trump is siding with his protectionist advisers or the pragmatic camp in his administration. Tariffs of 20-25% on...
It’s Friday in the Wall Street Daily nation. For the neophytes in our ranks, that means it’s time to break free from our regular routine. Instead of just flapping my gums ad nauseum, I’m employing a handful of graphics to...
The half year pre-close trading update from Ultra confirmed that the company is performing as expected. The ending of the Continuing Resolution (CR) in the US appears to have eased some of the contract deferrals and, while some normalisation of...
Dollar trades broadly lower today and markets' focuses turn back to economic data. Eurozone PMIs will be closely watched in European session. dipped to we low as 1.1118 earlier this week but is holding above 1.1109 near term support....
Currencies – is trading close to the resistance once more after having tested the support, although the next resistance level is not that far off around the 1.12 level. The main reason that we see a weakening of the...
The is narrowly mixed against the major currencies. The drop in prices (3.3% this week) is seen as one of the factors that may be underpinning the appetite for fixed income, and this, in turn, is lifting the...
Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%. Yes, 1.5%. There is a clear trend to this chart… and it’s...
Saudi Arabia's New Prince And The Markets
Opinion: All of the indexes closed lower yesterday with broadly negative internals on the NYSE while NASDAQ internals were mixed. Two short term uptrends were violated as all closed at or near their intraday lows. The data remains largely neutral...