The pound slumped over the weekend, hitting multi month lows of $1.198. Investors fear that risks of a ‘hard’ Brexit are becoming more likely. UK Prime Minister, Theresa May, is due to speak tomorrow regarding her negotiation strategies on leaving the EU. GBPUSD is currently trading at $1.20. Donald Trump announced that he would offer a trade deal to Britain to help ease the slumping sterling.Read More
Donald Trump’s first press conference since becoming president-elect was brief. The future president of the United States did however have some stark pronouncements including; bashing the biotech industry, the F-35 program and intensifying claims that he will build a wall to create a border between Mexico and the U.S.Read More
Follow @Ava_Analyst In just over a week president elect Trump will be inaugurated and it will be President Trump. It was expected that president elect Trump’s press conference would have an impact on the market, and an impact it made. While the expectation was that he would focus and elaborate a little bit on his…Read More
Donald Trump is due to hold a press conference in New York today which could cause market turbulence. Investors will be paying close attention to the speech for any clues on his proposed policy plans. Expectations that Trump’s promised fiscal stimulus will help boost the US economy are rife. The US market could rally if the president-elect promises to cut taxes and increase expenditure. The market holds its breath this morning in anticipation.Read More
Follow @Ava_Analyst Currencies EUR/USD – moved down as the USD was able to gain in strength even though the US data wasn’t that strong. However people are looking forward to President elect Trump’s press conference. The expectation is that he will more or less reiterate what he has been saying all along, and that would…Read More
USDJPY is struggling – The pair is slumping this morning despite a growing consumer sentiment. The consumer confidence index surpassed expectations, reaching 43.1 for December, the highest of 2016. USDJPY reached a low of 115.20. Confidence may not extend over to real consumer spending. Japan’s previous household spending numbers fell %1.5 for the month of November. Will this stronger consumer sentiment be enough to stimulate consumer consumption?