Hiking rates in September could be an error of historic proportions by the US Fed August 5, 2015 Federal Open Market Committee (FOMC) member and Atlanta Fed president Dennis Lockhart has said that it would take a sharp worsening in the data to persuade him that the US Fed shouldn’t raise rates in September. Lockhart stated: “I think there is a high bar right now to not acting… it will take a significant [...]
Golf Comment: Bangkok’s answer to John Daly Aphibarnrat is breath of fresh air August 4, 2015 IT’S NOT difficult to see why Kiradech Aphibarnrat is frequently compared to John Daly. Most obviously, Thailand’s newest golfing sensation has the same full frame as the maverick two-time Major winner. But the similarities don’t end there. Aphibarnrat, who won his second European Tour title of the season on Sunday at the Paul Lawrie Match [...]
All eyes are on the Canadian dollar in a data rich week – eToro tips & picks August 3, 2015 Many currencies have been struggling for direction of late, and the euro in particular has generated a news-flow fatigue. Currency markets have been tricky to judge over the last few weeks, and it doesn’t look like that is about to change any time soon. Euro-dollar has been struggling to jump any higher than $1.1150 and, [...]
Wall St focus on jobs report – New York Report August 2, 2015 THIS WEEK brings another crush of earnings reports, and the season has shown tech, industrials and global-focused companies having a harder time of it than financials and healthcare names. Tomorrow sees a report from Disney, which is expected to report third-quarter profit just six months before Star Wars helps the Hollywood giant even further. Also [...]
Strong US GDP figures set the stage for a Fed interest rate hike July 31, 2015 New figures out yesterday showed that US economic growth accelerated in the second quarter, fuelling expectations that the Federal Reserve will hike interest rates later this year. GDP expanded at a 2.3 per cent annual rate, with strong consumer spending offsetting weak business spending. Economists had expected a 2.6 per cent rise in GDP, but Millan [...]
Why the Bank of England should follow the Fed and raise interest rates this year July 30, 2015 GDP figures out earlier this week confirmed that the UK economy is growing well. In five of the past six quarters, UK GDP has risen by 0.7 per cent or more. The annualised growth rate over this period has been 3 per cent. The services sector has been the main engine of growth. Retail, distribution [...]
US GDP growth rises to 2.3 per cent in second quarter July 30, 2015 Official statistics published today showed growth in the US hit 2.3 per cent in the second quarter, missing expectations of 2.5 per cent. Read more: Fed keeps interest rate unchanged However, the disappointing 0.2 per cent contraction originally posted in previous three months was revised to 0.6 per cent growth as statisticians changed the way they [...]
Dollar goes crazy following interest rate uncertainty from the Fed July 29, 2015 It has been a rollercoaster of an evening for the dollar, which first plummeted and then picked back up again as investors felt uncertain about how to react to the Fed's statement. Read more: The Federal Reserve keeps interest rates unchanged and gives no hint of when they will rise With no clear indication [...]
Wall St up as Fed holds rates – New York Report July 29, 2015 US STOCKS finished stronger yesterday after the US Federal Reserve said the economy and job market continued to strengthen and left its key interest rate unchanged. The central bank’s comments on the economy and inflation after its two-day pow-wow appeared to do little to drastically change wide expectations that the first rate hike will come [...]