More unpredictability to come in 2014?

November 6, 2014 9:08 am GMT+0  in Economy

In hindsight, last week’s chaotic run for the markets looks almost inevitable. The sustained lull in forex in volatility, overinflated stocks in the US and beyond, and an almost fanatical belief that key economies were on an unimpeded journey towards health all combined in spectacular fashion, and panic set in. The view held by many […]

US Dollar To Be Driven By Labor Market Data

May 23, 2014 10:51 am GMT+0  in Economy

For the most part, forex markets have had a relatively slow week but when we look at the data calendar in the closing session on Friday, there is little reason to expect that this lack of volatility will continue.  The March Non farm Payrolls number will be the final highlight of the week, and the […]

Australian Dollar’s fall – Was it just the employment numbers?

January 16, 2014 8:30 am GMT+0  in Australia & New Zealand

Today’s weaker than expected employment data brought a strong fall for the Aussie. AUD/USD fell to 0.8796 before going into a sideways mode. AUD/JPY fell to 92.17 after failing at 93.33. Australian employment data Today’s released data showed that the employment numbers fell by 22,600 in December 2013 after the rise of 15,400 in December. […]

Latvia adopts euro – Let’s revisit eurozone divergence and convergence

January 6, 2014 6:03 am GMT+0  in Euro Zone, Historical and Research

Latvia became the 18th country to enter the euro-zone and that brings  one more country with negative inflation under the umbrella of the single currency i.e. the euro. On the other hand this new addition takes the leadership position as far as the real GDP growth is considered. With the expected GDP growth of 4%, […]

Main Highlights of The RBA Meeting’s Minutes

September 17, 2013 9:14 am GMT+0  in Australia & New Zealand

Review of Economic conditions of the major trading partner – Overall Average Highlights: Overall growth of the major trading partners in the second quarter as been in line with the average of the last decade. China: GDP Growth in the second quarter was close to the target of 7.6%. Demand for property continued to rice […]

Strength in Sterling a negative for UK Equities

August 14, 2013 11:38 am GMT+0  in UK

Sterling has been remarkably strong in recent weeks rising from 1.48 USD to the current level of 1.55 USD. Economic data has been better than expected with PMI (Purchasing Manager’s index) figures the best for 6 years, GDP second quarter figures double the 0.3% expected growth surprising the market with 0.6% and subsequently increased growth […]

Is the FTSE 100 running a little ahead of itself above 6600?

July 26, 2013 10:50 am GMT+0  in UK

  Equity prices are beginning to look toppy again, the FTSE 100 has been struggling to make much headway above 6600 this week. Results in the UK have been generally good but a lot of this has been factored into prices– this week ARM holdings had results which the market initially liked but with the […]

US Non-Farm Payroll Data – January 2013

February 4, 2013 12:11 pm GMT+0  in U.S.

  Total non-farm employment in the U.S.A during the month of January was better by 157,000 jobs, as reported by the Bureau of Labor Statistics. Significantly, most of that growth was contributed by private employers (+166,000) whereas government employment (-9,000) fell. (See the above charts for the trend). The Bureau also revised the NFP change […]

US GDP – 4th Quarter 2012

January 30, 2013 8:47 pm GMT+0  in U.S.

Markets were taken aback by a shock contraction in the U.S. GDP during the fourth quarter of 2012. Gross Domestic Product (GDP) fell by 0.1% year-on-year against the consensus expectation of a growth of 1.1%. Economists were concerned that the result represented the weakest rate of growth in the GDP since 2009, even though it […]

Meeting of the US Fed – 30 Jan 2013

January 30, 2013 8:27 pm GMT+0  in U.S.

As expected, the first FOMC meeting in 2013 kept up its commitment to the current program of quantitative easing and left interest rates unchanged at 0.25%. The Committee’s review of economic data released since the previous meeting concluded that economic activity lost some momentum and the unemployment rate remained elevated even though there was improvement […]

Japan Consumer Prices Drop – A Threat To Bank Of Japan’s Price Stability Target

January 25, 2013 5:28 am GMT+0  in Japan

Today’s Consumer price index data released by Statistics Bureau, Tokyo showed a drop in the prices again in Japan during December 2012. The national consumer price index dropped by -1.0% against the same during December 2011. November had seen an year on year change of -2.0% and the market consensus were for a same drop […]

Is Global Manufacturing Back in Fashion? Maybe, Say Better PMIs.

January 25, 2013 12:14 am GMT+0  in Economy

According to latest PMI data released by Markit for economies around the globe, a recovery in manufacturing is gradually taking hold. China, Eurozone and the United States together account for 47% of the world’s real GDP (Source: IMF).  Here’s a look at the latest manufacturing PMI surveys for each of these geographies. China: Flash Manufacturing […]