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Friday 20th May
10:30 AM
GMT
Monday 23rd May
12:30 PM
GMT
Tuesday 24th May
10:30 AM
GMT
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Trendsignal’s founder and Chief Market Analyst, Jerry Miller, recaps on the latest US and UK central bank interest rate decisions and the perverse reaction by stock markets last week.
Jerry also talks about the dire warnings for the UK economy and the ominous threat of stagflation – the combination of high inflation and slowing economic growth – and asks: are we headed for a recession?
Trendsignal’s founder and Chief Market Analyst, Jerry Miller, recaps on the latest US and UK central bank interest rate decisions and the perverse reaction by stock markets last week. Jerry also talks about the dire warnings for the UK economy and the ominous threat of stagflation – the combination of high inflation and slowing economic growth – and asks: are we headed for a recession?...
In this short video, Head of Trading, Adrian Buthee, reviews the latest trades called in our live trade scanner session from 3rd May. Two of the forex trades identified in the session have already hit their targets within 24 hours to give our members 50+ pip profits on each. Adrian analyses the moves and shows how our tools and indicators made it easy to spot these winning trades. Also featured are Adrian’s insights on why one other trade that appeared in our scan on Tuesday hasn’t performed – some useful guidelines on what to look for.
In this short video, Head of Trading, Adrian Buthee, reviews the latest trades called in our live trade scanner session from 3rd May. Two of the forex trades identified in the session have already hit their targets within 24 hours to give our members 50+ pip profits on each. Adrian analyses the moves and shows how our tools and indicators made it easy to spot these winning trades. Also featured are Adrian’s insights on why one other trade that appeared in our scan on Tuesday hasn’t performed – some useful guidelines on what to look for....
Dear Reader,
It’s the start of a new month this week… with dark clouds hanging over global growth. Key monetary policy meetings from the Federal Reserve and Bank of England are unlikely to help that mood.
The war in Ukraine could last for two or more years, whilst inflationary pressures show little sign of moderating. The zero covid policy in China is blamed for a series of lockdowns in China’s major commercial cities which will only delay the un-blocking of these global supply issues.
Review of last week’s key action
FTSE +23 +0.3% DOW 0834 -2.47% S&P -139 -3.27% NASDQ -504 -3.93% DAX -11 -0.31% NIKKEI -257 -0.95$% Hang Seng +450 +2.18%
April was a poor month for equities in the US and to a lesser extent in Europe and Asia. April historically tends to be one of the best months of the year for US equities with average returns of 1.41%. Not so this April as the S&P500 fell by 8.8%, bringing the cumulative loss so far this year to -13.3% – well into correction territory.
The tech focussed NASDAQ had an even worse April concluding with a fall of 4.2% on Friday and with a stunning fall of 13.3% in the month. Results and outlook from the FAANGS highlighted the angst being felt, with Amazon slumping 14% on Friday following underwhelming results. Apple, despite beating consensus quarterly revenues, took the shine of these results by warning or supply chain shortages which resulted in a 3.7% fall by the close Friday.
UK and EU equities were spared some of the steep falls seen in the US, as sharp falls in their respective currencies soften the blow for now.
EURUSD -2.55 -2.36% GBPUSD -4.61 -3.53% USDJPY +1.37 +1.06%
The comments from the Federal Reserve’s Jay Powell continues to reverberate in the currency markets as traders anticipate greater interest rate increases in the US relative to other G10 economies.
Despite having risen sharply this year already, the US Dollar strengthened further, with the Dollar Index hitting a 20- year high at 104 which was last seen in 2002. The timing of the renewed rally in the USD was because of the Bank of Japan’s decision last Thursday to maintain ultra-low interest rates in the belief that the inflationary surge will abate by the year end. The Japanese Yen hit a 20 year low versus the US Dollar following the central bank news.
Gold -35 -1.81% UK OIL +0.79 +0.75% US OIL +2.8 +2.75%
Bitcoin -1,113 -2.8%
USD-based Commodities will be under pressure from the surge in the US Dollar which makes these commodities in local currencies much more expensive. Gold is a classic example where gold bugs would scream from the roof tops about global macro risk and surging inflation – two good reason to buy gold. But it is the US Dollar strength that is Gold’s worse enemy, with the precious metal plunging again to 3-month low. Oil continues to loosely track the fortunes of the equity markets. With rolling lockdowns in China’s major cities and with the corrosive effects of inflation, oil could come under further pressure.
Data / events for the week ahead
A remarkably busy and very important week for the markets, with two key central bank policy meetings and the monthly Non-Farm employment report from the Bureau of Labour.
Monday
Japan Public holiday through to Wednesday.
China Public holiday in celebration of labour day - through to Tuesday
US ISM Manufacturing PMI. Holding in there?
Tuesday
Australia Reserve Bank of Australia (RBA) – Time to raise interest rates now. Analysts expect 0.15% increase with further increases at each meeting for the rest of the year.
Wednesday
US ADP employment change. Slowing a little
US ISM Services. The largest sector but analysts still expect activity to continue expanding.
US FOMC meeting and rate decision. The market is unanimous in its view that the Federal Reserve will hike rates by 0.5% to 0.75% – 1.00% banding. Furthermore, analysts expect the Fed to hike rates by another 2% by year end, 2.75% - 3.00% banding. It will be interesting to hear what is said in the press conference about future rate expectations. USD, Equities, Commodities, and bonds all hypersensitive to any surprises.
Thursday
Opec The OPEC cartel’s monthly price fixing meeting.
UK Monthly policy of Bank of England’s Monetary Policy Committee. Despite the slowdown in retail sales over the past two months, analysts expect the bank to raise rates again to 1% from 0.75%. The bank may also announce the start of Gilt sales from the pile bought through the QE program during the pandemic. GBP and FTSE100 and FTSE250 sensitive to news.
Friday
US Non-farm employment change. NFP expected to show a slowdown in new jobs whilst analysts watch closely for any further signs of wage growth.
OK, so that rounds up what’s ahead this week.
For more on the current outlook for the pound sterling in the currency markets following the IMF downgrade, watch my short Monday Market Insights video here.
I hope you have a good week in the markets. Check out the live trading webinar dates on this page – sign up for your free session.
Regards,
Jerry Miller
Managing Director
Trendsignal
Dear Reader, It’s the start of a new month this week… with dark clouds hanging over global growth. Key monetary policy meetings from the Federal Reserve and Bank of England are unlikely to help that mood. The war in Ukraine could last for two or more years, whilst inflationary pressures show little sign of moderating. The zero covid policy in China is blamed for a series of lockdowns in China’s major commercial cities which will only delay the un-blocking of these global supply issues. Review of last week’s key action FTSE +23 +0.3% DOW 0834 -2.47% S&P -139 -3.27% NASDQ -504 -3.93% DAX -11 -0.31% NIKKEI -257 -0.95$% Hang Seng +450 +2.18% April was a poor month for equities in the US and to a lesser extent in Europe and Asia. April historically tends to be one of the best months of the year for US equities...
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Dear Reader,
Equities were weaker on Monday morning, with far east and Europe reacting to the sharp sell-off in US equities Friday night.
Macron has won the French Presidential election although by a smaller margin than last time. France is saved from the more extreme policies of le Pen, but Macron has a tough time ahead. After all only 27.8% voted for him in the first round.
In the holiday shortened week last week, markets had been generally holding ground. The news out of Ukraine does not get any better with the focus now on east Ukraine as Russia goes for the land grab. With a Russian oil embargo off the table for this year, following a damning report from the Bundesbank of the potential impact on the German economy, the oil market is left to focus on the real global economy.
Then last Friday the US equity markets suddenly woke up again to the threat of inflation. Jay Powell, the chairman of the Federal Reserve, said last Thursday “it is appropriate in my view to be moving a little more quickly”. This suggests that the Fed is likely to raise rates by 0.5% at its meeting in early May – something that the rate futures on the CME have forecast for some time now.
With inflation at a 40-year high it has been the opinion of many market observers that this should be the case. Along with all central bankers, the Federal Reserve is behind the curve and playing catch-up. Treasury secretary Janet Yellen, a past Fed chair, said it was likely that elevated inflation would last for “a while longer”… however long that means.
The problem for the Fed and other central bankers worldwide is that inflationary expectations are becoming baked-in or self-fulfilling. On Friday a gauge of marketing inflation, the US 10-Year break-even, jumped to 3.08%. So the market now expects inflation to average 3.08% over the next decade – that’s the highest level in 20 years. To put this in perspective the 10-Year Breakeven Inflation Rate was 2.33% on January 20th.
Review of last week’s key action
FTSE -95 -1.24% DOW -914 -2.635 S&P -160 -3.61% NASDQ -931 -6.76% DAX -22 -0.15% NIKKEI unch Hang Seng -879 -4.09%
Equity markets were knocked by the sell-off in US equities which started with Jay Powell’s interest rate comments on Thursday. On Friday US equities experienced their biggest daily fall of the year, with all major indices slumping. This had a knock-on effect in Europe and elsewhere although much of the fall continued after Europe shut Friday afternoon.
At the same time the US dollar was also on a march following Powell’s comments which partially cushioned Europe from some of the worst fall seen in US equities, especially the technology sector. The FTSE and Dax falls were modest in comparison to those seen in the US, where the Dow fell over 1,000 points on Friday. The gloom in the markets was made worse by the IMF’s growth forecasts for individual countries. The update from January to April made sombre reading with global growth slashed across the board.
EURUSD unch GBPUSD -2.23 -1.7% USDJPY +2.13 +1.68%
Forex markets had a busier week than expected with sterling slumping against the US Dollar. Poor retail sales released Friday was the culprit. As I discussed in this week’s Monday Market Insights video, sterling fell through the psychological 1.30 level for the first time since November 2020.
With a fall in retail sales of 1.4% month on month, the second fall in a row, economists now expect the Bank of England to scale back its plans to raise intertest rates as the economy struggles with the cost of living crisis.
The Euro was under pressure as well, touching the lowest level versus the USD since April 2020. Seems the Macron election victory has done little to bolster the Euro early Monday morning.
Gold -41 -2.08% UK OIL -2.8 -2.5% US OIL -4.95 -4.65% Bitcoin -842 -2.07%
Precious metals continue to struggle with the strong Dollar. You would think the global macro picture would be far more supportive of gold in these times, but Gold is not cheap to own. It doesn’t pay dividends, there are insurance and storage costs and now the opportunity-cost rises with every rise in interest rates. Oil continues to track equities which have woken up again to the threat of inflation. Russian oil embargo will not happen this year – until Europe can insulate itself from the effects of such action.
Data / events for the week ahead
Another important week for data this week, although its Q1 results that are the focus, rather than economic data releases. Bank of Japan policy meeting is the only key central bank meeting this week.
Monday
Germany German IFO business climate. Large survey of manufacturers and retailers. Gradually slipping over the past 8 months. More of the same expected.
Tuesday
US Core Durable goods. Excludes large ticket items such as planes. A rebound from last month’s surprising fall.
US CB Consumer confidence. A slight uptick but unlikely to amount to much with inflation getting uglier and rates rising in just over a week.
US Earnings Alphabet
Wednesday
US Earnings Meta
Thursday
Japan Bank of Japan Policy Meeting. Still swimming against the tide. BoJ continues to maintain loose monetary policy. See that yen continue to slide.
US Advance GDP reading Q/Q. The first reading of GDP in Q1. Clearly slowing down as the twin effects of inflation and the war in Ukraine take their toll on economic growth.
US Earnings Amazon, Apple,
Friday US Core PCE price index. A favourite measure of inflation pressure used by the Federal reserve.
OK, so that rounds up what’s ahead this week.
For more on the current outlook for the pound sterling in the currency markets following the IMF downgrade, watch my short Monday Market Insights video here.
I hope you have a good week in the markets. Check out the live trading webinar dates on this page – sign up for your free session.
Regards,
Jerry Miller
Managing Director
Trendsignal
Dear Reader, Equities were weaker on Monday morning, with far east and Europe reacting to the sharp sell-off in US equities Friday night. Macron has won the French Presidential election although by a smaller margin than last time. France is saved from the more extreme policies of le Pen, but Macron has a tough time ahead. After all only 27.8% voted for him in the first round. In the holiday shortened week last week, markets had been generally holding ground. The news out of Ukraine does not get any better with the focus now on east Ukraine as Russia goes for the land grab. With a Russian oil embargo off the table for this year, following a damning report from the Bundesbank of the potential impact on the German economy, the oil market is left to focus on the real global economy. Then last Friday the US equity markets suddenly woke up again to the threat of inflation. Jay Powell, the chairman...
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Head of Trading, Adrian Buthee, reviews the trades identified in our latest Tuesday live trading session on 19th April. We had a great quick 60-pip winner on AUD/CHF which hit target the day after we called it. And an even better 250-point profit on the trade our Sniper indicator identified on GBP/USD. Adrian also looks at two other great trades on the Dow Jones index and gold. These two signals were confirmed after the session but went on to give the opportunity for a combined 930 pips’ profit. Also covered in this short video are some excellent winning trades on individual stocks and on the two main cryptos, Bitcoin and Ethereum. Adrian talks through all those opportunities, how we use our tools and indicators and shows how you could be getting in on the next trades.
Head of Trading, Adrian Buthee, reviews the trades identified in our latest Tuesday live trading session on 19th April. We had a great quick 60-pip winner on AUD/CHF which hit target the day after we called it. And an even better 250-point profit on the trade our Sniper indicator identified on GBP/USD. Adrian also looks at two other great trades on the Dow Jones index and gold. These two signals were confirmed after the session but went on to give the opportunity for a combined 930 pips’ profit. Also covered in this short video are some excellent winning trades on individual stocks and on the two main cryptos, Bitcoin and Ethereum. Adrian talks through all those opportunities, how we use our tools and indicators and shows how you could be getting in on the next trades....
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Head of Trading, Adrian Buthee, reviews the trades identified in our latest Tuesday live trading session. Two of our forex trades hit target within a day for a quick 70 pips’ profit. And there was also another quick win from a huge boost of momentum on one of the crypto trades called in the session. Adrian talks through those opportunities, updates on one of the trades that is still running and shows how you could be getting in on the next trades.
Head of Trading, Adrian Buthee, reviews the trades identified in our latest Tuesday live trading session. Two of our forex trades hit target within a day for a quick 70 pips’ profit. And there was also another quick win from a huge boost of momentum on one of the crypto trades called in the session. Adrian talks through those opportunities, updates on one of the trades that is still running and shows how you could be getting in on the next trades....
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Trendsignal’s founder and Chief Market Analyst, Jerry Miller, looks at the impact of the War in Ukraine on financial markets, the economic consequences of the conflict and what will happen to markets when the hostilities end.
Trendsignal’s founder and Chief Market Analyst, Jerry Miller, looks at the impact of the War in Ukraine on financial markets, the economic consequences of the conflict and what will happen to markets when the hostilities end....
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Head of Trading, Adrian Buthee, reviews the trades identified in our latest Tuesday live trading session. These include a combined 215 pips’ profit from the five closed forex trades that hit our targets. Also, two great crypto trades that gave the opportunity to bank returns of 12.5% and 9.2% in a few days. Adrian talks through the opportunities and shows how you could be getting in on the next trades.
Head of Trading, Adrian Buthee, reviews the trades identified in our latest Tuesday live trading session. These include a combined 215 pips’ profit from the five closed forex trades that hit our targets. Also, two great crypto trades that gave the opportunity to bank returns of 12.5% and 9.2% in a few days. Adrian talks through the opportunities and shows how you could be getting in on the next trades....
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Dear Reader,
It’s a holiday shortened week, with the Easter break starting with Good Friday when all markets are shut. Markets remain shut next Easter Monday apart from North American markets which are open as usual.
Review of last week’s key action
FTSE +131 +1.75% DOW unch S&P +56 +1.27% NASDQ -59 -0.43% DAX -162 -1.13% NIKKEI -680 -2.46% Hang Seng -167 -0.76%
Equities sold off last Wednesday in reaction to the Fed minutes from the last FOMC meeting, where policy makers said they would act aggressively with rate rises if needed. The Fed also announced its plans to shrink its massive balance sheet, accumulated over the past dozen years or more. Lael Brainard effectively trailed this in a speech last Tuesday as bond markets adjust to the reality that the Fed may well be behind the curve.
Markets expect a full 0.5% hike in rates at the next FOMC meeting on 4th May. Analysts now expect the ECB to start raising rates soon, although it’s unlikely to be at this next policy meeting this Thursday.
EURUSD -1.71 -1.54% GBPUSD -0.78 -0.6% USDJPY +1.74 +1.42%
The US dollar rallied further last week as investors priced in the possibility of aggressive Fed tightening. The yield on US treasuries has risen to a 3-year high – with the closely watched 10-Year treasury Bond yielding 2.64%. Only a month ago the 10 year was yielding 2.01%.
The French Presidential election looks more in the balance following yesterday’s first round. Marine Le Pen, from the right, will challenge Macron in the run-off poll on the 24th of April. Although Macron was the convincing winner, with just two candidates in the run-off, pollsters believe the outcome will be very close. A win for Macron would be positive for the euro in terms of stability and the devil you know, the opposite the case for a victory for le Pen.
Gold +22 +1.14% UK OIL -2.1 -2.01% US OIL -1.59 -1.6% Bitcoin -4,031 -8.7%
Gold remains constrained between the effects of the massive global event in Ukraine and a sharply higher US dollar. The chart clearly shows a significant amount of support in the $1920-$1905 region. This will be key and needs to hold if the precious metal is to push back above $2,000.
Crude oil continues to slip back down with US Oil falling back below $100/barrel. The inability of the EU to agree on any Russian oil & gas embargo has reduced further supply pressures. Hungary has announced that it would effectively veto any move to embargo Russian energy whilst Germany and Austria would find it impossible to manage their needs with a complete embargo. Germany believes will be able to wean itself off Russian energy in 2023 but for the time being the EU has paid €34 Bln to Russia for energy whilst providing just €1.5 bln financial aid to Ukraine. That’s where the problem lies.
Data / events for the week ahead
Although a shortened week with the Easter celebrations starting this Friday, there are some key releases before then.
Monday
Germany ZEW economic sentiment indicator. A survey of investor sentiment from German institutional investors and analysts.
Tuesday
US Inflation data. CPI – headline data is year on year change. The headline rate is expected to hit 8.4%, up from 7.9% – the highest rate since 1981. Whilst the core rate, which excludes food and energy, is expected at 6.6%, up from 6.4% last month. Markets will react negatively if this rate is worse than these predictions. Equities, bonds, USD and commodities all sensitive to this news.
US FOMC member Lael Brainard speaking again. Last Tuesday she made it clear that the Fed would have to start shrinking its massive balance sheet in the months ahead, especially if the Fed remains behind the curve in its battle with inflation.
Wednesday
NZ RBNZ policy meeting. Expect another increase of 0.25% to 1.25%. contrast this with the Australian position.
UK Inflation data. CPI expected to rise to 6.7% from 6.2%. This will result in an inevitable rise in rates at the next MPC meeting on 5th May. GBP and Gilts sensitive.
US PPI – producer Price Index – the costs of goods and services going into production.
Canada Bank of Canada policy meeting. Expect BOC to raise rates by 0.5% with inflation tracking higher and as record high employment and record high house prices show no sign of abating.
Thursday
ECB Monthly policy meeting. No change this time around although the ECB has become noticeably more hawkish – about time, many would say. More likely a rate rise in the June meeting. Euro, European equities all sensitive to this announcement.
US Core retail sales. Expect better number than last month.
US Prelim UoM consumer sentiment.
Friday
Markets closed
OK, so that rounds up what’s ahead this week.
I hope you have a good week in the markets. Check out the live trading webinar dates on this page – sign up for your free session.
Regards,
Jerry Miller
Managing Director
Trendsignal
Dear Reader, It’s a holiday shortened week, with the Easter break starting with Good Friday when all markets are shut. Markets remain shut next Easter Monday apart from North American markets which are open as usual. Review of last week’s key action FTSE +131 +1.75% DOW unch S&P +56 +1.27% NASDQ -59 -0.43% DAX -162 -1.13% NIKKEI -680 -2.46% Hang Seng -167 -0.76% Equities sold off last Wednesday in reaction to the Fed minutes from the last FOMC meeting, where policy makers said they would act aggressively with rate rises if needed. The Fed also announced its plans to shrink its massive balance sheet, accumulated over the past dozen years or more. Lael Brainard effectively trailed this in a speech last Tuesday as bond markets adjust to the reality that the Fed may well be behind the curve. Markets expect a full 0.5% hike in rates at...
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In this live session, Adrian Buthee will review the latest opportunities setting up on the Trendsignal trade scanners on Forex, Stocks and Cryptocurrencies. We will cover the day's trade setups and the most important news affecting our favourite markets. We hope you enjoy these FREE educational events.
In this live session, Adrian Buthee will review the latest opportunities setting up on the Trendsignal trade scanners on Forex, Stocks and Cryptocurrencies. We will cover the day's trade setups and the most important news affecting our favourite markets. We hope you enjoy these FREE educational events....
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Trendsignal’s founder and Chief Market Analyst, Jerry Miller, examines the current surge in inflation and the resulting cost of living crisis. What’s causing this jump in prices of goods and services, what will happen with interest rates and how can you protect yourself from the effects of inflation? Watch Jerry’s Monday Market Insights to find out…
Trendsignal’s founder and Chief Market Analyst, Jerry Miller, examines the current surge in inflation and the resulting cost of living crisis. What’s causing this jump in prices of goods and services, what will happen with interest rates and how can you protect yourself from the effects of inflation? Watch Jerry’s Monday Market Insights to find out…...
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Dear Reader,
Better than expected economic data pushed US and other major indices higher last week.
The fall in Crude Oil following the US Administration’s decision to release 1 mln barrels of crude per day for the next 180 days from the strategic reserves helped calm the energy markets. This announcement happened after OPEC refused the US requests to increase production further.
NFP payroll data continues to paint a tight labour market with a slight miss on the headline new jobs, although the previous month’s positive adjustment more than offset this. We need to remind ourselves that up until the end of last month, the Federal Reserve was still executing its final month of QE so we should hardly expect a slowdown just yet.
Review of last week’s key action
FTSE +55 +0.73% DOW +93 +0.3% S&P +114 +2.57% NASDQ +490 +3.57% DAX +140 +0.98% NIKKEI -483 -1.72% Hang Seng +634 +2.97%
Major stock indices have recovered the losses from when Russia invaded Ukraine on 24th February. Some more convincingly than others, with US indices significantly higher than the first days of the invasion whilst not surprisingly the German Dax has not matched those gains as it struggles with its energy dilemma.
Whilst Germany has confirmed its move to reduce by 2/3rds its use of Russian gas by the end of the year, it still has significant demand which needs to be managed. Despite all the EU harmony on the matter, Russia continues to generate $700 Mln in revenue per day from its energy sales which, frustratingly for the West, continues to finance its unjust war in Ukraine.
EURUSD +0.65 +0.6% GBPUSD -0.67 -0.5% USDJPY +0.46 +0.38%
Gold -34 -1.74% UK OIL -14.93 -12.5% US OIL -13.28 -11.8% Bitcoin +1,970 +4.45%
Oil slumped 12.5% following the news about the release of a significant amount from the US strategic oil reserves. Although some $25 lower than the peak hit in early March, the price is still significantly higher than it was at the start of the year.
Gold continues to pay the price for getting ahead of itself in early March. The USD dollar rally has capped the market above $2,000 for now, whilst medium prospects depend on the outcome of the Russian war in Ukraine. Bitcoin continues to track US equities higher
Data / events for the week ahead
A light calendar week which is usually the case following NFP week. As reiterated each week since the invasion of Ukraine by Russia, events in Ukraine tend to dominate news. However, markets are focussing more again on the effects of inflation and the measures that various central banks are deploying to prevent any longer lasting damage.
Monday
China Two-day Ching Ming festival – or tomb sweeping day. China pays respect to its ancestors.
UK Governor Andrew bailey speaking at Stop Scams conference.
Tuesday
Australia Monthly policy meeting. Reserve Bank of Australia is under pressure to begin tightening monetary policy. Analysts expect the RBA to start tightening in June. No change this time around. AUD sensitive.
EU EU, Ecofin Council of economic and finance ministers meets in Luxembourg.
US ISM Services. Cooling over last three months. Expectation for a rebound this month. USD and equities sensitive.
US Fed member Brainard – speaking at panel discussion about inflation at an online event hosted by the Federal Reserve Bank of Minneapolis. Could be interesting with Q&A session at the end.
Wednesday
Europe NATO foreign ministers will gather in Brussels for a meeting of the North Atlantic Council to discuss war in Ukraine.
US Crude Oil Inventories. Slightly irrelevant still given the war in Ukraine and embargo on Russian oil in many states.
US FOMC minutes from last meeting when officials decided to raise rates by 0.25%. The first rise since the start of the pandemic. Market will want more clarity on Fed thinking about future rate rises. Currently the market anticipates another 2.25% of rate rises by year end. A marked change to a month ago! USD, equities and bonds all very sensitive to these minutes.
Thursday
US Fed’s Bullard speaking about economy at event in Missouri.
Friday
No major releases
OK, so that rounds up what’s ahead this week.
I hope you have a good week in the markets. Check out the live trading webinar dates on this page – sign up for your free session.
Regards,
Jerry Miller
Managing Director
Trendsignal
Dear Reader, Better than expected economic data pushed US and other major indices higher last week. The fall in Crude Oil following the US Administration’s decision to release 1 mln barrels of crude per day for the next 180 days from the strategic reserves helped calm the energy markets. This announcement happened after OPEC refused the US requests to increase production further. NFP payroll data continues to paint a tight labour market with a slight miss on the headline new jobs, although the previous month’s positive adjustment more than offset this. We need to remind ourselves that up until the end of last month, the Federal Reserve was still executing its final month of QE so we should hardly expect a slowdown just yet. Review of last week’s key action FTSE +55 +0.73% DOW +93 +0.3% S&P +114 +2.57% NASDQ +490...
Since 2003 we have been providing people with the skills required to trade the financial markets. Our powerful and “simple to use” strategies combined with our comprehensive training and support have enabled people of all experience levels to earn a lucrative tax free* income from trading forex, indices, commodities and shares.
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