POUND STERLING EXUDES VOLATILITY AS UK GENERAL ELECTIONS NEAR!!!!!!!!

By: Economic & Finance Report

UK elections are drawing closer, and the British pound is very volatile as the elections progress in the country.  The pound sterling dissipated this past Friday, (May 26th, 2017) as new election polling data from the United Kingdom, showed that Prime Minister Theresa May was in the forefront of the general elections by a mere 5 points.  During the course of 2017, Prime Minister May had been leading her challengers by over 20 points. The drop has been placing the sterling silver on a roller coaster ride.

May who has a majority currently in national parliament and local branches of government, is now seen as not being able to hold a wider majority throughout the country as anticipated. If this becomes a reality then the Torres (Prime Minister May’s party) will have a smaller faction, then they had in 2015-2016 elections; which can then translate in a downward trend for the currency. -SB

STOCKS ARE GREEN TODAY & FOR THE YEAR!!!!!!!! HURRAYYYYYYYY

stock market pic

By: Economic & Finance Report

Wall Street gained today heavily because of rallying support of crude oil prices and energy stocks that attributed to enormous rise. The Dow erased loses that occurred from the first two months of the year. 

Traders were delighted when oil prices closed over $40/barrel which signal a good sign for commodities.  Energy sector had great highlights today as it closed up on several fronts. The Federal Reserve left rates unchanged and this brought about a bullish signal to investors.

In all today was a productive day for the markets and it was glaringly noticed by all markets.-SB

 

MOTIF INVESTING’S JOINT PARTNERSHIP WITH J.P. MORGAN!!!!!!!!!!!

motif investing

By: Economic & Finance Report

Motif Investing has joined an exclusive alliance with J.P. Morgan. The partnership allows J.P. Morgan IPOs to be directly correlated to retail investors. This will be done through the platform contributed by Motif Investing.

Motif Investing is co founded by former Microsoft Mergers & Acquistions head honcho Hardeep Walia. Mr. Walia is also the CEO of the Motif outlet.  The partnership comes at a good time in the stock market, as the stock indexes continue to rise hitting enormous highs.-SB

TRADERS ARE BRACING FOR US FED HIKE!!!!!! WHEN IT HAPPENS….

 

federal reserve system

By: Economic & Finance Report

As the Fed readies to deliver remarks of their Fed Policy meeting tomorrow March 18, 2015 (Wednesday). Stock, Futures, Commodities, Forex traders are bracing if the Federal Reserve Board are going to raise interest rates. 

The Fed will make their announcement after the two day policy meeting, which is usually the case by most standards. The stock market has been profiting and doing fairly well with low interest rates so increasing the interest rates could have an opposite effect toward the markets.

Noone knows exactly when the rates will actually be heightened but many analyst and observers believe it will be later in the year in the middle of the year precisely. Tomorrow trading will probably be limited until after the Feds remarks, which only makes sense, “No need to jump in front of a moving train”, as the saying goes.  We shall see. -SB

NIGERIA FEDERAL BANK INCREASES POSITION IN SUPPORTING NAIRA!!!

Nigeria Naira

By: Economic & Finance Report

The Nigerian Central Bank has placed currency traders in a tough position. As the Nigerian currency (Naira) slides, the Central Bank of Nigeria has indicated that currency traders will have to buy or sell their position in the Naira within the next couple of days, or be forced to sell it at the rate set forth by the Central Bank. CBN (Central Bank) has also restricted some currency trading in efforts to boost the Naira. Tough sanctions will be followed if noone adheres to the rules set by the CBN (Central Bank of Nigeria)  as well.

Many currency traders, analysts, researchers and speculaters are seething to the tune of the declination fo the Naira, betting that the Naira will continue to derail against the US dollar. The Naira has been devalued to 168 to the dollar but it continues to slide none the less.

The Nigerian economy is set to grow 5.5% this year set from the revision of 6.4% previously. This revision was set by the Nigerian finance ministry led by finance minister  and renowned global economist Ngozi Okonjo-Iweala.

-SB