Entries by Junaid Wilson

Morning report 08/10/2015

The euro and the Canadian dollar ended the day lower vs the dollar yesterday. The British pound, Australian dollar and New Zealand dollar traded higher throughout the day. As expected, the Bank of Japan left its key interest rate range at zero to 0.1 percentage. It said it would continue to buy JGBs (Japanese government […]

Morning analysis 07 October 2015

Yesterday was light on the data side we had data realises from Germany and Canada. The euro traded higher yesterday. The Canadian dollar stayed strong and the GBP bounced of the key support level. Manufacturing orders in Germany were weaker than expected in August. A 1.8 percent monthly fall followed a steeper revised 2.2 percent […]

Looking forward after FOMC

The September employment report came in weaker than expected at 142,000 which was well under low-end of the consensus which were at 180,000. Rounding out the weakness are average hourly earnings which also came in below the low-end estimate, showing no change month-on-month and a year-on-year rate of 2.2 percent that was unchanged from August. […]

US open

The S&P/Case-Shiller index of U.S. house prices will probably show a year-to-year rise of 5.15 percent, the fastest in 11 months. U.S. consumer confidence for September at 10 a.m. will help expectations for whether a Fed rate increase is likely this year. Confidence is expected to fall back from a seven-month high struck in August, possibly in reaction to […]

US economic data recap

Today’s economic news has been mixed. Durable goods orders were weak this highlights the current weakness in exports. New home sales came in very strong, highlighting the strength of the domestic economy. Also very low levels of jobless claims are highlighting the best argument that the FOMC hawks have, that the available labour supply is […]

Global recap post FOMC

US “Almost all” FOMC members thought it was a bad idea for a rate hike back in July, which really makes it no surprise at all that the September vote went 9 to 1 to push it back one more time. Will they finally play their card six weeks from now at their October meeting? […]

Global market recap

Global recap Equity markets, particularly in Asia, continued to be volatile during last week. Investors also to keep an eye on china as a round of new measures were announced to attempt to stabilize the equity markets and manage the swings in the price of the Yuan. Opinions about whether the Federal Reserve should begin […]

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 […]