NEWS, MARKET DATA & BLOG

3 THINGS TO WATCH

28 Apr.21

FOMC Power up the US Dollar?

US Nonfarm

The Federal Reserve possibly announce the monetary policies unaffected but might suggest tapering of the asset purchase programme. Moreover, the Fed Chair Jerome Powell possibly have a tougher time dwell on rising inflation worries.

18 Mar.21

BoE Monetary Policy Preview

BoE Monetary Policy Preview

The Federal Reserve pushed the US dollar toward the downside following the FOMC monetary policy meeting. The Fed decided to retain the current monetary policy to keep and expecting a long period of assistance to the economy. Due to the Fed ultra-loose monetary policy, the GBP/USD pair bounced to a fresh weekly high to 1.3974 Level.

11 Mar.21

US Jobless Claims Report

US Jobless Claims Report

Following a yearlong lockdown; now the job market starts showing some improvements in the first quarter. However, jobless claims are still at historically high levels. This situation caused in the market due to businesses were not able to sustain themselves during pandemic hit. US initial jobless claims projected to fall to 725K from 745K.

ECONOMIC EVENTS & DATA

23 Jun.21

Major Currencies

USD, EUR/USD & GBP/USD

USD

The U.S. Dollar Index against a basket of six currencies slightly climbed up 0.06% to 91.802 after witnessing a weak Tuesday session following the Fed chair speech.

The EUR/USD pair inched lower 0.00% to 1.1936 in the early session of the European market.

The GBP/USD pair climbed up 0.10% to 1.3960 level in the early hours of the London opening.

11 Mar.21

Other currency news

SEC Approved Bitcoin ETF

Bitcoin

JP Morgan’s brand-new product comprehends a hamper of disproportionately weighted stocks directly or indirectly associated with cryptocurrency. The Securities and Exchange Commission (SEC) has granted approval to JP Morgan to release a Bitcoin exposure basket. This new product might work as a getaway for clients who wish to invest in virtual currency trading via this ETF.

07 May.21

Vinay’s Thoughts

Nonfarm Payrolls Preview

nonfarm payrolls

There are expectations for an economic comeback, which might dominate the previous moderate macroeconomic numbers. Positive Nonfarm Payrolls data possibly push the US dollar higher temporarily.

KEY ECONOMIC EVENTS

MONDAY

  • 1:30 pm – European Central Bank President Lagarde Speaks

TUESDAY

  • 3:00 pm – U.S. Existing Home Sales
  • 3:00 pm –Eurozone Consumer Confidence
  • 7:00 pm – U.S. Fed Chair Powell Testifies

WEDNESDAY

  • 9:00 am – Eurozone Manufacturing & Service Purchasing Managers Index (PMI)
  • 10:00 am – U.K. Manufacturing & Service Purchasing Managers Index (PMI)
  • 2:45 pm – U.S. Manufacturing Purchasing & Service Managers Index (PMI)
  • 3:00 pm –U.S. New Home Sales
  • 3:30 pm – U.S. Cushing Crude Oil Inventories

THURSDAY

  • 9:00 am – Germany Ifo Business Climate Index
  • 12:00 pm – U.K. Interest Rate Decision
  • 1:30 pm – U.S. Core Durable Goods Orders MoM
  • 1:30 pm – U.S. Gross Domestic Product (GDP) QoQ
  • 1:30 pm – U.S. Initial Jobless Claims

FRIDAY

  • 7:00 am – Germany GfK Consumer Climate
  • 1:30 pm – U.S. Personal Spending MoM
  • 3:00 pm – U.S. Michigan Consumer Sentiment

"WORK IS A FUNDING VEHICLE TO ENJOY LIFE"

BLOG

21 Jan.21

Dear Student

Student sign

Dear Student, we all need a little motivation sometimes. Show them what you’re capable of, go up, never stop and shine whilst you’re at it.

03 Feb.21

Captain Sir Tom Moore, dies at the age of 100

29 Jan.21

Kamala Harris’ stepdaughter, now represented by IMG

02 Feb.21

What I wish I knew…

graduate

… as fresh graduate before entering the work force.