Market Insight Commentary – 09 February 2018

Market Insight Commentary – 13 December 2018

There seems to be winds of change sweeping though the European continent at the moment, we already knew that Merkel in Germany had planned to step down. Yesterday though, despite the late withdrawal of a parliamentary vote by PM May, rumours started filtering through that the conservatives had sent the 48 letters needed to trigger a no confidence vote on May. In France, opposition parties have filed a no confidence vote in Macron – it seems as though things could get interesting.

Market Insight Commentary – 08 August 2018

Another boring day yesterday as the market continues to be driven by flows rather than speculation, I think that it is safe to say that a lot of market traders are now on summer vacation. This was not more evident than the choppy nature of the US Dollar, it was strong in the Asian session but started paring those gains late in the New York session, no doubt off those rising yields. The only real mover was the USDCAD and it was predominately flow driven, the pair added a full cent to the intraday lows earlier in the London session. There is still looming risk in the form of something happening on the NAFTA front or tariffs.

Market Outlook Commentary – 19 June 2019

The market was relatively quiet ahead of the FOMC decision yesterday, we expected a dovish Fed and that was exactly what go in the end with Fed Chair Powell suggesting that we could see the next meeting on the table. There was one dissenter on the panel that wanted an immediate cut, but the consensus was to hold to see further developments at the G20 and in particular what effect a looing trade war has on the economy before cutting, economist are starting to price in at least 3 cuts over the course of the next 12 months.

Market Outlook Commentary – 15 January 2019

The global economy feels incredibly fragile this morning, it feels as though it was not long ago that we were all about to usher in global growth – but instead we are all worried about a global recession. It might be that central banks seem to be driving blind at the moment which put the consumer’s debt at risk, or any form of political comments can send the world into recession.

Market Insight Commentary – 15 May 2018

The market continued where it left off on Friday, with a slightly weaker dollar – it did not fall out of bed but the question still remains on whether this is just a bout of profit taking or the start of a reversal of trend. The tide started to turn somewhat as the talking heads came online – both the Fed and ECB were slightly dovish, Wilbur Ross talked tough on trade, and there may be a little concern of concern around the retail sales numbers.

Market Insight Commentary – 27 June 2018

The USDJPY did find some support at 109.30 which were the lows from Monday and for the first time in a week the pair moved above the 100 hour MA at 109.65. Buyers took the opportunity to push momentum from here to break through the 200 day MA where the sellers leaned yesterday, 110 will be a natural level to watch today and the range has been set between 110.20 and 109.90 – traders will look to trade the break.

Market Insight Commentary – 14 September 2018

The USD ended the day lower against most pairs yesterday, the CPI was marginally weaker and fighting talk from ECB Draghi meant that there was a perfect storm. The major talk come from yet another Donald Trump tweet suggesting that the US are under no pressure to deal with China, and even suggested that the Chinese markets will collapse without the US.

Market Outlook Commentary – 10 January 2019

The US – China trade talks went deep in the night before China started releasing snippets during the evening, it seems a mixed bag, but the Chinese and the US will be releasing feedback today – the market will be hoping that the feedback is similar in nature. As we know, Donald Trump was not in Beijing as he continues to attend to the government shutdown in Washington, his address to the nation was somewhat underwhelming as all he gave us is that negotiations on his wall continue.

Market Insight Commentary – 19 January 2018

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