Inflation data for the United Kingdom, United Sates and European Union United Kingdom current inflation figure: 2.1% – Target 2% Previous inflation figure 17th July 2019 was 2% Latest inflation figure 2.1% – data released 14th August 2019 United States current inflation figure: 1.8% – Target 2% Previous release 11thRead More →
Interest rates for United Kingdom, United States and European Union UK interest rate: 0.75% – next update due 1st August 2019 U.S. interest rate: 2.25% 0 2.50% EU interest rate: 0.25% These interest rates will be updated monthly. How interest rates work?Read More →
Facebook announces cryptocurrency contender, Libra. Main points Libra is due to launch early 2020 It will not be run by Facebook (according to Facebook). A new subsidiary company will be created, Calibra, enabling users to create digital wallets to buy, store and exchange the cryptocurrency. The name Libra originates fromRead More →
Markets round up today – 27th June 2019 U.S. & China G-20 meeting in focus FTSE 100 closed at: 7402 – (down 14 pts from 26th) DOW closed at: 26526 – (down 22 pts from 26th) S&P 500 closed at: 2923 – (up 9 pts from 26th) NASDAQ closed at:Read More →
Economic calendar main scheduled events likely to move markets today… UK – GDP figures due at: 09:30 (BST) EU – Consumer price index due at: 10:00 (BST) U.S. – Personal income, spending and consumption data due at: 13:30 (BST) U.S. – PMI Purchasing Managers Index data due at: 14:45 (BST)Read More →
Main scheduled events likely to move markets today… Germany – consumer price index due at: 13:00 (BST) U.S. – GDP figures Q1 data & jobless claims due at: 13:30 (BST) Plus ongoing tariff war between U.S & China, FED interest rate cut (will they won’t they). Geopolitical tensions (U.S. &Read More →
As U.S. markets closed Wednesday 26th June 2019 Bitcoin burst through $14,000.00 touching $14,200.00 – only to dramatically fall by $1,800.00 to $12,200.00 in minutes. Despite such a dramatic fall Bitcoin is still holding on to substantial gains at a 17 month high. But this incident does, however, demonstrate theRead More →
Markets round up today – 26th June 2019 FTSE 100 closed at: 7416 DOW closed at: 26537 S&P 500 closed at: 2914 NASDAQ closed at: 7910 DAX closed at: 12245 Nikkei 225 closed at: 21338 These are the main markets I follow and trade, updated on a daily basis.Read More →
Bitcoin continues its spectacular rise as Facebook jumps on the cryptocurrency bandwagon. Bitcoin has benefitted from the announcement that Facebook will be introducing its own cryptocurrency in 2020 aiding recent dramatic gains. Stellar increases this year have pushed Bitcoin above $13,000.00 as of Wednesday 26th June 2019. The new FacebookRead More →
The highly anticipated meeting between President Trump and President Xi at the G-20 summit this weekend could lead to improved negotiations. The drag on the economy from prolonged Trump induced tariffs and from reduced sentiment is expected to continue until a final deal is agreed. If the talks fail andRead More →