Category: Market Update

ALPHA Market Update 10 January 2019

10.01.2019

Market Update       United States Goods Trade Balance and Initial Jobless Claims data will be published at 13:30 New Home Sales data will be released Fed Chair Powell Speaks will be held at 17:00 The China-US trade consultation has ended and the news will be released soon. Federal Reserve: the Fed can be patient with interest rate hikes; Market and economic risks make the policy outlook uncertain The...

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ALPHA Market Update 09 January 2019

09.01.2019

Market Update       United States FOMC Meeting Minutes will be held at 19:00 US President Trump re-issued on Tuesday that the US economic data "looks great." If he can enjoy long-term low interest rates like his predecessor, maintaining the historical highs of US stocks would be "very simple." According to the "Global Times", Trump also said on Twitter today that "consultation with China has been going very...

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ALPHA Market Update 08 January 2019

08.01.2019

Market Update       United States Trade Balance data will be released at 13:30 JOLTs Job Openings data will be published at 15:00 The US ISM non-manufacturing index for December was 57.6, less than the expected 59.5, and hit a new low in July. The index rose to a high of 60.7 last month. On January 7, the US Navy's "Mc Campbell" warship entered the territorial waters of the XiSha Islands in China without the...

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ALPHA Market update 07 January 2019

07.01.2019

Market Update       United States Cap Goods Ship Non Defense Ex Air and Factory Orders data will be published at 15:00 ISM Non-Manufacturing PMI will be released at 15:00 as well US December Non-Farm Payrolls increased by 312,000 people far exceeded expectations Unemployment rate rebounded to 3.9% Powell reiterated that the US economy and policy are not presupposed, saying that the Fed is carefully listening...

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ALPHA Market Update 04 January 2019

04.01.2019

Market Update       United States Nonfarm Payroll and unemployment will be announced at 13:30 Markit Composite PMI and Service PMI will be published at 14:45 US December ISM manufacturing index hit the biggest decline after the financial crisis US ADP added employment of 271,000 in December, the highest in the past two years. After the data was released, spot gold was down by nearly $2 in short-term, USD/JPY...

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ALPHA Market Update 21 December 2018

21.12.2018

Market Update       United Kingdom GBPUSD has been consolidating successfully between 1.26 and 1.269 in the past 24 hours, relatively unaffected by data releases, including GDP, retail sales, BOE announcements and inflation data. The BOE has said that Brexit uncertainty is intensifying considerably, and they scale back growth forecasts for the future and gave no indication as to whether they would increase the rate...

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ALPHA Market Update 20 December 2018

20.12.2018

Market Update       United Kingdom GBPUSD stays just below the range of 1.27, helped by a weak USD following the dovish fed event and some very strong retail sales data coming out of the UK this morning, all month on month and year on year data for November are higher than expected in the lead up to Christmas. However this seems relatively unimportant in the grand scheme of things, but it is positive. Europe ...

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ALPHA Market Update 19 December 2018

19.12.2018

Market Update       United Kingdom The UK is expected to be overtaken by India in 2019 in the rankings of IMF world largest economies. This is measured in dollar terms and is affected by Brexit turmoil and a weaker currency. We are 100 days away from the Brexit day; the EU has come up with a package of proposals to reduce the problems involved with a no deal Brexit. There are 14 legal acts which encourage continuity...

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ALPHA Market Update 18 December 2018

18.12.2018

Market Update       United Kingdom GBPUSD is still trading above 1.26, USD is weakening significantly against other pairs like EURUSD but the upside for GBPUSD is notably lacking. With the MPs about to take their time off for Christmas, we are going to see the Brexit parliamentary vote in mid-January, leaving very little time for any turnaround in the event of a no deal, or even if the deal goes through. her apparent...

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ALPHA Market Update 17 December 2018

17.12.2018

Market Update       United States NY Empire State Manufacturing Index will be released at 13:30 TIC Net Long-Term Transactions data will be published at 21:00 The S&P 500 closed down 1.91%, hitting a new low since April 2. The Dow Jones fell 2.02%. The NASDAQ fell 2.26%. United Kingdom GBPUSD is consolidating around the 1.26 marker at the start of this week. Theresa May won her leadership...

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