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?
Follow @Ava_Analyst Currencies EUR/USD – while it was trading down in the morning, it turned around as the USD was weakening over the course of the day and that is because of increased safe haven buying which weakened the USD. USD/JPY – is dropping and is trading near the lowest levels of the year as…Read More
Follow @Ava_Analyst The NFP on Friday came in less than expected (156K versus and expectation of 178K), but we saw a large revision of the NFP of last month (from 178K to 204K). In any case, 156K is still a solid number. Initially we saw the USD weaken as focus was on the miss of…Read More
Follow @Ava_Analyst Currencies EUR/USD – has been moving up as the data out of the Eurozone indicated that inflation has been picking up as well as several PMI data sets. This, combined with the weaker USD sent the pair above the 1.05 level again. The FOMC meeting minutes caused the USD to weaken even more,…Read More