The U.S. economy created 224,000 new jobs in June 2019 according to the U.S. Bureau of Labor Statistics, above the 160,000 forecast and well above the May total of 75,000. The unemployment rate for last month remained at 3.7%. Average earnings rose by 0.2% month-on-month compared to expectations of aRead More →
Economic calendar news 5th July 2019 Germany – factory orders data lower than expected in May U.S. – The one to watch today, job and payroll data (non farm payrolls) due at: 13:30 (BST) If the data comes in better than expected, the Fed may pause on potential rate cutsRead More →
Stock markets update Wednesday 3rd.July 2019 – record closing highs DOW, S&P 500 and NASDAQ closed at record highs amid expectations of a Fed July interest rate cut U.S. Stock markets closed early ahead of 4th July Independence Day celebrations tomorrow. I trade these indices on a regular basis DOWRead More →
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 →
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 →