FED interest rate cut on agenda? After the release of weaker-than-expected economic data, stocks traded higher Wednesday, as investors bet on a potential rate cut from the Federal Reserve later this month. Global economic slowdown? Recent disappointing data somewhat paves the way for the Fed to lower rates at itsRead More →
Bitcoin trading ban? The Financial Conduct Authority (FCA) wants to stop retail customers from buying financial instruments that are tied to cryptocurrencies such as Bitcoin. The value of cryptocurrencies can be extremely volatile, which could potentially leave traders who invest in derivatives of crypto currencies with significant losses. Financial ConductRead More →
Sterling The value of sterling slipped Wednesday 3rd. July 2019 after the Bank of England warned that a global trade war and a no-deal Brexit were growing risks to the UK’s economy and may require a response. FTSE 100 The FTSE pushed up to touch 7620 in intra-day trading asRead More →
Brexit paralysis takes hold of the service sector Latest purchasing managers index (PMI) service data indicates that the UK economy is shrinking or at the very least remains flat. The reading fell to 50.2 in June, below the 51 that had been expected. Brexit uncertainty continues to dampen business enthusiasmRead More →
Markets update Tuesday 2nd.July 2019 – closing positions I trade these indices on a daily basis DOW closed at: 26786 S&P 500 closed at: 2973 FTSE 100 closed at: 7559 DAX closed at: 12527 NASDAQ closed at: 8109 NIKKEI closed at: 21638 Overnight: Asian markets drifted lower – trade warRead More →
Economic calendar 3rd. July 2019 Main scheduled events likely to move markets today… China – Caixin services PMI data drops 1.7 pts to 52 but remains in expansion territory UK, EU ,France, Italy, Spain, Germany – Service PMI data due between : 08:30 – 09:30 U.S. – Trade balance andRead More →
Investors need more certainty from the U.S. – China trade deal talks Asian markets slipped Wednesday (3rd. July 2019) as the positive outcome received from Xi Jingping Trump trade truce appears to recede. U.S. Independence Day Trading was also subdued ahead of the U.S. Independence Day holiday Thursday 4th. JulyRead More →
Bitcoin cryptocurrency volatility update Bitcoin volatility continues. The cryptocurrency fell to a low of around $9,800.00 on Tuesday (2nd. July 2019), that’s approximately a $4,400 drop from its most recent high of $14,200 (26th. June 2019). Bitcoin started its plummet on Wednesday, crashing nearly $2,000 in minutes as a problemRead More →
New electric vehicles will have to emit a noise under a new EU directive as of Monday 1st. July 2019 The AVAS – ‘acoustic vehicle alert system’ must sound when reversing or travelling below 12mph on all new four wheel vehicles. Pedestrian safety is the key to this directive asRead More →
What to expect from company reporting this quarter starting mid July 2019 It’s nearly that time again when we wade through a deluge of facts and figures as company trading updates hit the markets. With markets pushing to new record highs and with the ever elusive U.S. China trade dealRead More →