The pound jumps after Theresa MAY speech
The market reaction to PMs big moment was quite clear and the pound strongly recovered after Theresa May confirmed the Brexit deal will be voted by the Parliament
News
News from the Foreign Exchange Markets and from the Commodities Trading.
UK inflation rate surges to 1.6%
The Consumer Prices Index (CPI) rallied to 1.6%, 0.4% more than the previous 1.2% and 0.2% more than forecasted
BoE Governor warns of consumer slowdown in 2017
Mark Carney, in a speech at the London School of Economics, warned the consumer could face fresh headwinds this year.
Sell off on the pound on the early trading
It was a dramatic start of the week for the pound, falling below 1.20 against the US Dollar, for the first time after the flash crash of the 4th of October.
The dollar closes the week down, while gold is close to $ 1,200
It was a long and busy week for the financial markets, with the conference of Donald Trump that monopolized the attention
Euro Area Industrial Production rose by 1.5 in November
Good news arrived today from the European Industrial Sector Output
Trump speaks, the volatility jumps and gold continues its recovery
Donald Trump used strong (and questionable) tones in his conference today, accusing the media for the publication of unverified spy memos
The pound is again under pressure
The markets quickly replied to Theresa May, with a sell off which pushed again the British currency close to the 31-year minimum against the US Dollar
FCA will invest in the US, Trump twits "Thank you"
Fiat Chrysler Automobiles (FCA) will invest one billion dollars in the United States within the next 4 years, creating 2,000 new jobs.
Will 2017 be the year of Brexit?
The year just started is expected to be the one where the Brexit process will start. Precisely, less than three months are remaining for Theresa May to the self-imposed deadline to invoke the article 50
Good macro figures from Italy and Spain
It was a good start of 2017 for Italy, with Milan stock exchange growing by over 1% at 19,400 points and with good macro-economic data
Low volumes on the markets
One of the main news is related to Toshiba, with its share falling 20% on Wednesday, after the announcement that its nuclear business with the US could be worth less than previously expected.
Economic Calendar of the week
Analysis of the key factors for the markets in the week 26-30 December
Euro plunged to a new 14-year low against the greenback
Investors are still buying the American currency, after the Federal Reserve decided in the last meeting to raise the interest rate for the second time after the financial crisis.
Economic Calendar of the week
Analysis of the key factor on the markets for the week 19-23 December
Fed second rate hike since 2008
The Federal Reserve increased the official interest rates by a quarter of point, from 0.50% to 0.75%. The United States Central Bank also forecasted a steeper path for the borrowing rates, with the expectations for three raises for 2017
Brexit? Not so quickly... and the pound is trying to recover
The Sterling is up against all the major currencies after months of bearish rally, as Brexit is slowing down
How is Italy reacting to banking and political crisis?
An important week just started for Italy. Paolo Gentiloni was given a mandate to form a new Government, whilst the banking crisis is still looking for a solution
Fed: Countdown for a new rate hike?
After the ECB decisions', the traders are now expecting the Fed and betting on the growing possibility of an EUR/USD parity.
British Manufacturing Unexpectedly Falls Most in Eight Months
Analysts were awaiting a growth of the UK manufacturing and industrial production, but both of them have fallen in October. Output from tue manufacturers, after an increase of 0.6% in September, sharply declined in October by 0.9%.
The Euro rebounds above 1.07 against the US Dollar
After the Italian referendum the focus is now on the ECB meeting and, later, on the Fed's decision.
After the Constitutional Referendum Prime Minister Renzi Quits
Italy rejected the reform's package proposed by Matteo Renzi and the populists exult fr the result
The Sterling rallied to 1.27 against the US Dollar
The British pound rallied as investors seized on the prospect of retaining preferential access to the Single Market
OPEC: the deal has been reached. The Brent jumps above $50
Opec: deal or not deal?
The main question remains the same: “who should cut the production and by how much?”
The US Trade Gap Widens to $ 62 bn
The Trade Gap Widens 3 bn more than expected in October.
The Italian referendum is getting closer
This time, the threat could come from the Italian referendum and the Austrian Election.
Gold price falls below $ 1,200
The gold just reached on Wednesday afternoon a new 10-month low
Oil Price is waiting for Opec Meeting
The growing conviction that a deal to limit the production could be confirmed pushed up oil price
The US Dollar is on fire after the US Elections
The
euro/dollar fell on Friday 19th November below 1.06, reaching its
minimum level since over 12 months.