Date: 10th May 2024. The BoE To Cut Rates In September. US Employment Data Falters! london_1200x628-696×364.jpg The UK economy experiences its strongest growth since August 2023, with Monthly GDP increasing 0.4%, four times higher than expectations. The Bank of England saw 2 out of 9 members vote for an interest rate cut. The dovish members of the BoE are Dr Swati and Sir Ramsden. The BOE Governor, Mr Bailey, said two rate cuts are likely in 2024 as “one cut will keep us in restrictive territory”. However, he advises there is a higher chance the first cut will come in September. The UK’s FTSE1 ..read more

Date: 9th May 2024. Market Insights: The BOE’s Potential Dovish Pivot and Current Indications.​ UK-696×364.jpg The Bank of England is in focus as the regulator will confirm their rate decision and how their future monetary policy path may look. The GBP trades sideways but the FTSE100 continues to trade higher. Economists are contemplating if the market is pricing a dovish tilt by the BOE. The Dow Jones was Wednesday’s best performing index, rising 0.48%. The DJIA’s best performing stock was Amgen which rose 2.33%. Federal Reserve members continue to apply further pressure on the market’s senti ..read more

Date: 8th May 2024. Market News – Stocks mixed; Yen support still on; Eyes on NFP & Apple tonight eu_update_pic_nov18-1-696×391.jpg Economic Indicators & Central Banks: As the Fed maintained a “high-for-longer” stance, stocks gave up their gains with attention turning back to earnings. Chair Powell and the Fed were not as hawkish as feared and the markets reacted immediately and in textbook fashion to the still dovish policy stance. The Fed flagged that recent disappointing inflation readings could make rate cuts a while in coming, but Fed chief Jerome Powell characterized the risk of ..read more

Date: 7th May 2024. Dow Jones Close To 1-Month High, Eyes on Disney Earnings. The stock market trades at a 3-week high after significant support from the latest earning reports and US employment data. Economists continue to expect a rate cut no earlier than September 2024 despite the US unemployment rate rising to 3.9%. The US Dollar Index trades higher on Tuesday and fully corrects the decline from NFP Friday. Dow Jones investors wait for Disney to release their latest quarterly earnings data. The stock holds a weight of 1.93%. USDJPY – The US Dollar Regains Lost Ground The USDJPY is an inter ..read more

Date: 2nd May 2024. Market News – Stocks mixed; Yen support still on; Eyes on NFP & Apple tonight. Economic Indicators & Central Banks: As the Fed maintained a “high-for-longer” stance, stocks gave up their gains with attention turning back to earnings. Chair Powell and the Fed were not as hawkish as feared and the markets reacted immediately and in textbook fashion to the still dovish policy stance. The Fed flagged that recent disappointing inflation readings could make rate cuts a while in coming, but Fed chief Jerome Powell characterized the risk of more hikes as “unlikely,” giving ..read more

Date: 1st May 2024. Understanding the Implications of the FOMC Meeting. dollar The FOMC will issue its post-meeting statement at 18:00 GMT tonight. “High-for-longer” is the expected outcome (but not higher) given more indications that progress on bringing inflation sustainably down to the 2% target has stalled out. With no new quarterly forecasts, it will be all about Chair Powell’s press conference when the Fed announces its policy stance tonight. The major question at this point will be how hawkish will he be? It is unlikely to be any more hawkish than what the markets are pricing in. Indeed ..read more

Date: 29th April 2024. Market News – Yen spikes after drifting to 1990’s levels. Economic Indicators & Central Banks: The Yen recovered sharply following a plunge to its lowest level in 34 years (USDJPY above 160 for the first time since 1990), prompting speculation of potential intervention by authorities. – The volatility was attributed in part to thin liquidity due to a public holiday in Japan. Japan’s Kanda Said: ‘No Comment for Now’ when asked if intervened. Note: Japan is closed for holidays – Showa Day European and US stock futures climbed, mirroring a positive trend in Asian market ..read more

Date: 25th April 2024. Investors Monitor a Potential Japanese Intervention, and upcoming Tech Earnings. Meta stocks top earnings expectations, but revenue guidance for the next 6 months triggers significant selloff. Meta stocks decline 15.00% and the Magnificent Seven also trade lower. Japanese Authorities are on watch and most market experts predict the Japanese Federal Government will intervene once again. The Japanese Yen is the day’s worst performing currency while the Australian Dollar continues to top the charts. The US Dollar trades 0.10% lower, but this afternoon’s performance is likel ..read more

Date: 24th April 2024. Market News – Stock markets strengthen as tech rally widens. Economic Indicators & Central Banks: The bulls are back in town for now. Wall Street climbed, led by tech and especially the Magnificent 7 — all cohorts rallied, even Tesla which broke a 7-session losing streak even as its earnings news was awaited. US: The weaker than expected PMI data from S&P Global was the excuse needed to underpin a short covering rally in Treasuries after the big selloff in April. Record US Auction boosted demand! A well bid 2-year sale also added to the gains in Treasuries, while ..read more

Date: 23rd April 2024. European PMIs Paint Mixed Picture, ECB advise a June Cut is Certain. The German DAX recorded its highest monthly increase as investors continue to predict a weaker EU monetary policy. JP Morgan again advised stocks are overcrowded and may see a stronger downward correction. However, economists advise this is only possible if geo-political tension escalates or companies fail to beat earnings predictions. Gold witnesses its strongest decline in 2024 falling 2.64% on Monday and a further 1.32% during this morning’s Asian session. The Euro is the best performing currency aft ..read more