Entries by Junaid Wilson

morning report 10/08/2015

NFP came in line with estimates Dollar index found resistance at 98.00 retail sales and industrial production in focus this week Last week the non-farm payrolls figure came in at 215,000, in line with expectations, but nothing great compares to the second half of 2014 average of 280,00 job per month. The unemployment rate held […]

Morning analysis 07/08/2015

Yesterday was called super Thursday due to all the data realised by the BOE. The BoE left its monetary policy unchanged at its meeting today with an 8-1 vote which was below market expectations of 7-2 we also had the Quarterly inflation report which stated that inflation will be lower for longer. Targeting inflation at […]

Morning analysis 06/08/2015

Signals are mixed going into Friday’s employment report with ADP calling for big trouble but ISM calling for a big gain. And it was ISM’s non-manufacturing sample that took the day’s headlines, showing the greatest strength in 10 years including an outsized gain for its employment index. Friday’s employment report will be a flop, based […]

Morning analysis 05/08/2015

Yesterday, we had a quiet European trading session with light data. Factory orders rose nearly as expected in June, up 1.8 percent for only the second gain in the last 11 months. The durable goods component initially released last week, is unrevised at plus 3.4 percent in again distorted by aircraft orders but one that […]

Morning analysis 04/08/2015

Yesterday we had the ISM manufacturing PMI come in lower then consensus at 52.7 vs. a consensus of 53.5. Continued contraction in exports held down the manufacturing index which slipped 0.8 tenths in July to a lower-than-expected 52.7 to indicate slowing monthly activity for ISM’s sample. Employment growth slowed nearly 3 points to 52.7 while […]

Morning analysis 03/08/2015

Last week in the markets we had the FOMC minutes that gave us insight into whether they will start the rate hiking cycle this year they also gave forward guidance to what indicators they will be following which are employment, inflation and growth indicators. The dollar ended the week higher on that note. In the […]

Morning Analysis 30.07.2015

  The market has now digested the highly anticipated FOMC minutes released yesterday and at the time of this release the dollar is bid higher across the board. There were some notable changes made to the statement from the prior minutes released in June. The FOMC left the federal funds rate between 0-0.25%. However, the […]