29/ 07/ 2016

Quarter 2 GDP releases from US and Eurozone

It was a relatively quiet day yesterday, as the markets digested Wednesday evening’s FOMC statement. The fallout from yesterday’s Federal Reserve statement continued to reverberate through global markets, with the Greenback extending its losses into the European session.

28/ 07/ 2016

UK GDP and Fed dominate headlines

Yesterday’s economic calendar was jam packed with high tier data, with the release of UK GDP and the highly anticipated FOMC statement. Firstly, UK GDP grew faster than expected at 0.6% in the second quarter

27/ 07/ 2016

Market’s anticipate FOMC statement

Yesterday began on a somber note, as we awoke to the tragic events that happened in Japan on Monday night. A risk averse move occurred Tuesday morning after these events, strengthening the Greenback and Euro. In terms of economic data, firstly the Bank of England policy maker, Martin Weale, addressed the market. Weale was extremely dovish citing that the UK economy needs stimulus immediately, as Brexit has led to a “dramatic deterioration” in short term indicators.

26/ 07/ 2016

US Release Consumer Confidence

Friday’s positive tone within the markets continued this week as equities remained flat and close to new highs in the US. Bond yields have remained above the recent lows. It seems investors are still confident that the UK and global economy can get past the Brexit relatively unscathed. However, the data run up to the Bank of England meeting early in August could change this as we begin to see the first true readings of the post vote economy.