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LiveWire Economics Blog - September 21, 2017 11:02
Dow Jones Stumbles and Reverses on Fed Unchanged Interest Rate
The US federal reserve released their quarterly interest rate decision in the United States. They left rates on hold for the next period but hinted at a rate hike maybe on the cards before the end of this year. Once again the Federal Reserve suggested that interest rates are due to rise again. Even though […]
CAD: Canadian Dollar Strength and US Dollar Weakness
On the foreign exchange market Wednesday things began slowly. Mixed moves from the major currencies meant choppy trade until data from the West arrived. Things became more volatile as the Bank of Canada (BoC) moved rates by 0.25 to 1%. This sparked some life into the Canadian Dollar, and in turn its US cousin. A […]
Mining Sector Shares – Fresnillo, Kaz Minerals and AAL
After a torrid time during 2014 and 2015, stocks in the mining sector made some good recoveries during 2016 and early 2017. Some spectacular gains were made by the major players, even the juniors and small caps got in on the action. Then came spring 2017, and those stars of 2016 began to fall once […]
Dow Jones Index Hits New All-Time High As Fed Prepares to Hike
Another day and another new all-time high for the Dow Jones industrial average index. It seems like groundhog day with this strap line, but here it goes again. The DJIA was buoyed by tech stocks rebounding in tremendous fashion, with the Nasdaq 100 also pushing higher after a few days of the wobbles. Movers within […]
FTSE 100 Holds Firm as Election Ends With Hung Parliament
A hung parliament was declared in the U.K. general election which resulted in some wild swings overnight for the FTSE 100. After ending slightly down on Thursday, the main share index was priced by spread betting companies as down 100 points as the exit polls were announced. During the early hours, one by one the […]
Opec Trying To Put Some Support Into Oil Prices
This week began in much the same fashion as they left last week with Oil prices rising. Expectation of a cut in output from OPEC, which could extend into 2018, pushed Crude Oil higher on the futures exchanges. In early trade UK on Tuesday, Brent Oil had fallen back from it’s high, but still remains […]
Gold Prices and Why There’s Nobody Buying
At the back end of last week Gold prices slid to levels not seen since mid March, all-in-all it was Gold’s worst performing week of 2017 so far. The recent strength of the US Dollar put pressure on Gold as expectations of a rate rise grow. The US Fed gave indication that planned rate rises […]
Life Insurance Sector Continues It’s Strong Start To 2017
Shares in the Life Insurance sector have been on a steady upward trajectory since the turn of the year, after a relatively static 2016 (apart from a Brexit blip). Leaders today were Standard Life, Prudential and Aviva as the pack went on rising. Many analysts were of the opinion that Donald Trump’s policies were pointing […]
Can The FTSE Head Higher? BP, Fresnillo, and Bank Index Could Help Decide
As we head towards the end of another financial year in the UK, it’s time to look back at how the FTSE 100 has fared since our last article back here in September. At that time the US election was yet to happen, and I hinted that the main index would only head higher if […]
Gold Price Shoots Higher As Trump Offers No Clarity
The US dollar fell hard whilst gold prices shot higher as Donald Trump began his pre-presidential speech, which provided little clarity on future financial policies. The price of gold began the US session to the downside, hitting a low of $1177 before reversing strongly heading towards $1200. It seems the speech by the soon-to-be US […]
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