And the winner is…? The Dollar

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01 Mar 2017 @ 15:34

Well who would have thought it – a new U.S President sounding ‘Presidential’? Perhaps the most shocking thing in President Trump’s address to Congress was therefore that there was nothing shocking at all. The optimism and calls for unity for a ‘new chapter in American greatness’ would surely have suited an inauguration speech far better. […]

 

International evidence on the usefulness of market-wide CAPE

01 Mar 2017 @ 12:59
We have limited evidence of a relationship between the CAPE level and the returns on shares over the subsequent decade outside of the US and Europe. But what we do have generally conforms to the pattern seen in previous Newsletter: extremely high CAPE means, generally, low returns. Australia Average CAPE (1979 – 2015): 16.5 Source: […]
 

ADVFN Morning London Market Report: Wednesday 1 March 2017

01 Mar 2017 @ 10:08
London open: Stocks edge higher as investors digest earnings, Trump speech Stocks in London edged higher in early trade as investors sifted through more earnings news and digested US President Donald Trump’s first address to Congress, and they looked ahead to some key manufacturing data. At 0835 GMT, the FTSE 100 was up 0.5% to […]
 

Guardian Stockbrokers Key Economic News Wednesday 1 March 2017

01 Mar 2017 @ 10:07
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK BRC shop price index declined less than expected in February On a YoY basis in February, the BRC shop price index slid 1.00% in the UK, lower than market expectations for a drop of 1.40%. The BRC shop price index had […]
 

Trump Congress Address: $1 Trillion Infrastructure Plan Announced

01 Mar 2017 @ 10:03
Last night’s speech by Donald Trump at a joint session of congress was his biggest and most important speech to date, but from a market point of view, it was a damp squib. Much had been made about the potential for huge moves in the US dollar as Trump was finally set to outline his […]
 

Anti-climax of Trump’s speech

01 Mar 2017 @ 09:28
This morning, the green back is slightly weaker on the pound as the markets have reacted to Donald Trump’s congress speech. This reaction was fairly limited and markets are instead focusing on significantly higher risks of a rate rise by the Fed at the 14-15 March meeting, especially after the comments from New York Fed […]
 

The UK cyclically price earnings ratio and some continental European numbers

28 Feb 2017 @ 15:42
We have already seen that the US stock market is at a historically high level as measured by the cyclically adjusted price earnings ratio, CAPE (see earlier Newsletters). It has only been higher in 1929 and 1999-2000, which is not very reassuring given the evidence that high CAPEs are usually followed by low returns over […]
 

Trump’s address to Congress attracts market attention

28 Feb 2017 @ 10:16
Tonight Donald Trump will be addressing Congress and this will attract the attention of the markets, as previously Trump has promised to announce “something phenomenal” in relation to tax. Tonight we may find out some of the detail on the tax plans and this could lead to volatility in the USD. Looking further ahead it […]
 

ADVFN Morning London Market Report: Tuesday 28 February 2017

28 Feb 2017 @ 09:43
London open: Stocks little changed amid deluge of earnings; Trump eyed Stocks in London were little changed in early trade on Tuesday as investors sifted through a deluge of corporate news and looked ahead to US President Donald Trump’s address to Congress later in the day. At 0830 GMT, the FTSE 100 was flat at […]
 

Guardian Stockbrokers Key Economic News Tuesday 28 February 2017

28 Feb 2017 @ 08:26
The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK consumer confidence dropped in February In February, the consumer confidence in the UK recorded a drop to -6.00, compared to a level of -5.00 in the previous month. Markets were expecting the consumer confidence to drop to a level of -6.00. […]
 

MINING, OIL AND GAS

Overview on OPEC's Production Cut Decision

22 Feb 2017 @ 13:20
As we already know, the OPEC members have finally agreed to cut production in November; followed with the non-OPEC countries in December 2016. For the moment, the deal is valid for six months but there is more supply in the world than the oil itself, evidently effecting the oil prices. For this reason, the agreement […]
 

Will the Crude Oil Prices Continue to Increase?

17 Feb 2017 @ 17:04
The labour market in the US remains hot and consumer spending is strong. It is vital for Yellen to decide when it is the right time to raise rates in order to cool down the US economy. As early as March or June? The interest rate decision is just a question of time, like she […]
 

OPEC and Its Impact on Oil Prices

10 Feb 2017 @ 11:09
The Organization of Petroleum Exporting Countries; OPEC is an intergovernmental organization of 13 oil exporting countries from around the world. The aim of the organization is to coordinate and consolidate the energy policies of its Member Countries and guarantee the stabilization of oil markets. This way, OPEC will be able to protect the efficient supply […]
 

Monthly Forecasts for CFDs (February 2017)

09 Feb 2017 @ 12:56
AUS200 Dominant bias: Bearish The market was mostly bearish in January, and that was strong enough to bring about a bearish outlook on the market. Although volatile, price has not trended significantly in February, but it is more likely that further bearish movement would be witnessed. The current bearish outlook would remain valid until price […]
 

GLOBAL NEWS

Trump Congress Address: $1 Trillion Infrastructure Plan Announced

01 Mar 2017 @ 10:03

Last night’s speech by Donald Trump at a joint session of congress was his biggest and most important speech to date, but from a market point of view, it was a damp squib. Much had been made about the potential for huge moves in the US dollar as Trump was finally set to outline his […]

 

Daily analysis of major pairs for February 27, 2017

27 Feb 2017 @ 10:16
The EUR/JPY dived by over 180 pips last week, closing below the supply zone at 118.50 on Friday. There is a clean Bullish Confirmation Pattern in the 4-hour chart, and further dive is possible this week, which may take price towards the demand zones at 118.00, 117.50 and 116.50. EUR/USD: The EUR/USD is in a […]
 

Weekly Trading Forecasts for Major Pairs (February 27 – March 2, 2017)

25 Feb 2017 @ 21:48
Here’s the market ouatlook for the week: EURUSD Dominant bias: Bearish This pair went south last week, testing the support line at 1.0500, and then bouncing upwards on Thursday and Friday. The upwards bounce would turn out to be a good selling opportunity because price is expected to trend further downwards this week, reaching the […]
 

Are You Prepared for the Rising Interest Rates?

23 Feb 2017 @ 13:48
The FED officials have announced that they might need to increase the interest rates ‘’fairly soon’’ if the US economy stays strong. USD and EUR:  Yesterday, the US dollar was seen at its lowest level in seven weeks; with the prices accelerating the downward trend with the FED’s announcement and minutes after, the dollar saw […]
 
 

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