August Market Overview

More than $5 trillion has been wiped off the value of global shares in August. Clifford Bennett : “This is a diabolical market, the worst I have seen in a lifetime”. “An Inconvenient truth for the bears”  “THE TOP BIG FOUR ECONOMIES IN THE WORLD WERE ALL STABLE OR ACCELERATED THROUGH THE FIRST HALF OF THE YEAR!”   $Us Dollar: The month started volatile following ISM Manufacturing and Non-Manufacturing PMI  below expectations which followed by ADP Non Farm Employment Change and Non Farm Employment Change well above, and both Unemployment claims and…

September Market Overview

The future of tomorrow is not reflected in the data of yesterday!’ -Clifford Bennett $Us Dollar: The month started with ADP Non-Farm Employment Change, Non-Farm Employment Change, ISM manufacturing PMI well below expectations, improved Trade Balance and increased unemployment claims. Unemployment Rate reduced to 5.1%. Second week brought reduced Unemployment Claims and Improved PPI m/m. Core Retail Sales and Retail Sales and CPI m/m came below expectations, Core CPI m/m as expected, Building permits and Unemployment Claims improved, Filly Fed Manufacturing Index came well below. Despite original expectations for FOMC…

October Market Overview

Monthly Currency Trading News $Us Dollar: The month started with Non-Farm Employment Change well below expectations, increased Unemployment Claims with Unemployment Rate remaining at 5.1%. Disappointing ISM non-manufacturing PMI and Trade Balance followed. FOMC minutes indicated the belief that the US recovery is likely to remain insulated from the China slowdown keeping the central bank on track to begin ending its stimulus later this year. The interest rate remained at zero.  PPI m/m, Core Retail Sales m/m, Retail Sales m/m and Filly Fed Manufacturing Index all came below expectations. CPI…

November Market Overview

Monthly Currency Trading News $Us Dollar: The month started with greatly improved Non-Farm Employment Change, increased Unemployment Claims with Unemployment Rate down from 5.1 to 5%. Average hourly earnings m/m increased 0.4% which doubled the expectations. ISM manufacturing and non-manufacturing PMI came above expectations, ADP Non-Farm below, followed by improved Trade Balance. Second week brought disappointing PPI m/m, Core Retail Sales m/m and Retail Sales m/m which followed by improved UoM Consumer Confidence. CPI m/m, Core CPI m/m and Building Permits came as expected. FOMC minutes confirmed the committee expects…

May Market Overview

$Us Dollar: The month started with lower than expected trade balance and manufacturing PMI, improved Non-Farm Employment Change and unemployment rate remaining at 5.4%. The second week brought lower than expected retail sales and subdued prelim consumer confidence despite reduced unemployment claims. Building permits and core CPI came above expectations, home sales below and the month ended with unemployment claims higher than expected but below 300,000 for the straight 12th week indicating signalling the labor market remains firm amidst slow rebound in economy from the first quarter slump. FOMC minutes…

July Market Overview

Forex Trading News $Us Dollar: The month started with disappointing jobs data despite increased Consumer Confidence and the reduction in Unemployment Rate to 5.3%. Core retail sales unexpectedly dropped in June, Trade Balance, Unemployment Claims and PPI increased. Fed Chair Yellen in her testimony to Congress 15 July stated that the Labor market has continued to show progress towards the objective of maximum employment and despite the inflation below the longer-run objective the FOMC continued to anticipate that it will be appropriate to raise the target range for the federal…