The PM said in her speech that she was calling the election to stop the in fighting in UK politics at a time when the people are coming together but Westminster is not. The question now remains as to what this means for Brexit negotiations, and the general feeling will be that an elected Theresa May will hold a stronger position.
After last week's US jobs report we are now all set for the Fed rate hike with probability up above 94%. In today's webinar, we look to the weekend ahead and what could happen around the major market events.
With Brexit now on the horizon and the Fed looking to raise rates this week for the first time this year, we look at the big questions after a busy Monday of trading. When will article 50 be triggered, and how much will the Fed hike rates by?
Today sees the release of the Non-Farm Payroll figure, the Fed's last hurdle before they look to raise rates at the next FOMC on March 15th. Probability already stands at 89% for a 25 basis point move, however, a weaker than expected NFP, and more importantly, an average hourly earnings figure could put a spanner in the works.
- Look ahead to the NFP
- What numbers do we expect
- What will the market reaction be
It's budget day in the UK so we can expect both the FTSE100 and Sterling were in focus as the chancellor of the exchequer got up for his speech to parliament at 1230 this afternoon. However, the big question is, do the markets actually care?
With another travel ban in place and the potential for the for more headlines around tax discussions and overall policy, we discuss whether the markets are getting Trump fatigue. Are the markets bored of the President and looking elsewhere for newsflow. We also look at the following.
- Eurozone GDP
- The economic calendar for the session
- Fed rate hike
- Technical levels on gold, the US dollar and more
James Hughes is the Chief Market Analyst at GKFX, a London-headquartered foreign exchange (FX) and contracts-for-difference (CFD) global brokerage regulated in the UK, Japan, Australia, Hong Kong and other markets.