Entries by Junaid Wilson

Morning report- Eurozone Q2 GDP release recap

The Eurozone’s estimate of second growth has been revised higher after the first full look into all the regions national accounts, Quarterly expansion was up 0.4% for the second quarter versus the first estimate of 0.3%. Annual growth was up 1.5% its best performance since the second quarter 2011. While the boost to the headline […]

Morning report 26/08/2015

US Service-sector growth is solid this month, well over the 50 level at 55.2 for the August flash report. The bad take away is marked in slowing in new orders where growth is below average and the slowest since January this year, hiring in remains steady in the services sectors and business outlook improved vs […]

Morning analysis 21/08/2015

In Global markets we have seen global equity markets crashing, oil is still trending down and the USD is also trending down. -Investors have slightly price out the risk of the FED raising rates in September -Oil is trading lower fear of a global slowdown -The USD has seen long positions being cut on the […]

Morning analysis 20/08/2015

Yesterday we had the FOMC minutes published from the July meeting. We saw from the statement realised on the 29th July that the committee is satisfied with the labor market – ‘The labor market had also continued to improve, with solid job gains and declining unemployment. A range of labor market indicators, on balance, suggested […]

Morning analysis 19/08/2015

Yesterday’s inflation numbers from the UK were a positive surprise for the pound but a 0.1% YoY CPI does not takeaway that the BOE stated in their latest inflation report that they expect the UK to be in deflation in the coming months. But the fact is that inflation is positive in the UK and […]

Morning report 18/08/2015

Yesterday was a light trading day the only key movers where selling in the GBP and EUR. Both currencies hit strong resistance levels and this triggered an intra-day sell off. On the data side we had no realises in the EA and in the US we had NAHB Housing Market Index coming in line with […]

Traders were jolted out of their mid-summer reverie when the People’s Bank of China devalued its currency the renminbi (yuan) on Tuesday. The move dominated markets globally for the week, sending (most) equities tumbling along with emerging market countries’ currencies. Finance ministers from the Eurozone met in Brussels on Friday and as expected gave their […]

Morning report 14/08/2015

Jobless claims continue to hold at historically low levels, at 274,000 in the August 8 week. The 4-week average is down 1,750 to 266,250 and is nearly 15,000 below the month-ago comparison in what is a positive indication for the August employment report Continuing claims, which are reported with a week’s lag, rose 15,000 in […]

Morning analysis 12/09/2015

In the UK, we get the unemployment rate for June. Another decline in the rate and acceleration in the growth of average weekly earnings could support Gov. Carney’s recent comment that the timing for a rate rise is “drawing closer”. With UK inflation rate just above zero and expected to remain muted for some time […]

morning reprot 11/08/2015

Reuters reported China devalued the yuan on Tuesday after a run of poor economic data, guiding the currency to its lowest point in almost 3 years. The central bank described the move as a “one-off depreciation” of nearly 2%, based on a new way of managing the exchange rate that better reflected market forces. The […]