Market Insight Commentary – 03 August 2018

Yesterday was all about the BOE, as was anticipated the central bank hiked rates by 25bps and it a unanimous decision. Pound assets did react positively at first, but the press conference by Governor Carney did dampen hopes of consecutive hikes and it highlighted some of the uncertainties in the UK economy, which I am sure will only be amplified leading into Brexit.

Market Outlook Commentary – 25 January 2019

It seems as though a very fickle market has got a little tired of the Brexit headlines and has once again moved on to the debacle in the US. Michael Cohen has postponed his testimony to the House after reported threats on his family by Trump – I wouldn’t call questions to investigators to look into the affairs of Cohen’s family threat unless he has something to hide.

Market Insight Commentary – 05 April 2018

Market Insight Commentary – 12 June 2018

The FX markets are tricky at the moment and I still seek opportunities in the indices, the next potential storm lies ahead in the US – North Korean summit today so let’s see how the markets react to these developments this morning.

Market Insight Commentary – 01 June 2018

The fickle nature of Donald Trump has once again caused great volatility in the market, the global had seemed to avoid the potential of a trade war – yesterday it seems back on. The US announced tariffs against the EU, Canada and Mexico that will be effected today, this time though the response has been emphatic and there will be counter measures – Canada went as far as to outline their strategy which looks like a dollar for dollar retort. It seems as though Canada were prepared for this, if the US wanted a trade war it would definitely seem as though they have one.

Market Insight Commentary – 17 September 2018

After all the optimism earlier last week, there are suggestions now that there is a deadlock in NAFTA talks, there is also speculation that Canada are prepared to miss the end of month US deadline and see what happens. This could be an interesting subplot leading into October, is this a case of Canada calling Trumps bluff? Either way, I am inclined to walk away from the CAD pairs for now, I just feel that there is higher probability pairs setting up elsewhere to focus my attention on.

Market Insight Commentary – 30 April 2018

After such a strong week where the dollar was most definitely king, there was a predictable bout of profit taking late on Friday evening. Even strong GDP numbers could not build any momentum as the knee jerk reaction quickly subsided into dollar selling and then continued as the treasury yields started moving downwards. There would have been a lot of portfolio rebalancing last week and so I think that the market may very well start looking for reasons to sell the dollar this week.

Market Outlook Commentary – 20 May 2019

The good news is that Donald Trump has found some love for everyone else, he now “loves’ the EU again and will be delaying tariffs on automakers. He is also close to negotiating a steel and aluminium deal with Canada and in return, both Canada and Mexico are to lift retaliatory tariffs on the US. This is all getting a little strange.

Market Outlook Commentary – 08 April 2019

There was not much “new” news out the US regarding the trade deal between the US and China, but there were comments that leads one to think that Trump may change immigration laws soon – Secretary of Homeland Security resigned.

Market Insight Commentary – 21 September 2018

The EURUSD ran towards the 100 day MA at 1.1660 before reaching a high of 1.1780, the bulls were unable to continue with the upside momentum and so it looks as though a line has been drawn in the sand. A move towards 1.1850 is where the bulls are targeting but there seems to be enough sellers to contain these highs for now. The GBPUSD also rallied away from the 100 day MA at 1.3150 and close to a big fib level at 1.3316, the price stalled at 1.3300 before trading to 1.3220. The pair closed up at 1.3268 which is in the middle of the 1.3220 and 1.3316 range – these will be the defining levels today.

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