Market Insight Commentary – 14 August 2018

The emerging market currencies remained in the spotlight as the contagion from Turkey continued to spread like wildfire. The USDZAR in particular opened the week at 15.3700 on Monday morning before the knee jerk reaction led the pair to strengthen throughout the day. The market is a resilient beast and I wouldn’t be surprised if the market starts focusing elsewhere. There is bound to be either a relief rally today, and I am looking at pairs like the USDZAR for possible opportunity today.

Market Outlook Commentary – 06 June 2019

The market was analysing the recent Fed chatter and how that would affect the dollar going forward, while we still have persistent trade threats that are gripping the market. In the first matter, it is expected that there will now be a rate cut in the US this year, it appears the reaction will be knee jerk at best – this is because the rest of the world will probably follow suit which leaves the world “as it was.”

Market Insight Commentary – 07 November 2018

There were rumours that a Brexit deal could be announced in the next 2 or 3 weeks, the UK seem to be keen to get something through whilst the EU are happy to keep everything open ended for now. The Brits seem to have an exit date in mind, and the continuing shifting of the goal post by their European counterparts must surely raise the odds of a no deal scenario – something that was highlighted in that UK Brexit Secretary is taking an increasingly hard line in these negotiations.

Market Insight Commentary – 12 November 2018

EURAUD BUY 5630 – 1.5610 EURNZD BUY 6785 – 1.6750 GBPAUD BUY 7880 – 1.7850 GBPNZD BUY 9170 – 1.9140

Market Outlook Commentary – 13 June 2019

There is still a lot of nervousness in the markets and the added possibility of a rate cut from the Fed seems to be front of mind – this would mean to investors confirmation that the world is going into a economic slowdown. As such the US inflation report would be a key driver yesterday, the report was softer but the dollar traded higher and perhaps this was a buy the rumour sell the fact kind of trade – my opinion is that even if the world’s biggest economy goes into a slowdown it is likely to still be more advanced than other economies.

Market Insight Commentary – 06 June 2018

The EURUSD fell toward the major support at 1.1650 yesterday morning, the pair did hold support at these levels. A comment out of the ECB that they were willing to make changed in QE provided a further catalyst for the pair to trade higher and the pair ended the day testing the 100 bar MA at 1.1730. This 100 pip range will clearly define where the buyers and sellers are today and I will be watching both levels to see if there is a break up there.

Market Insight Commentary – 10 July 2018

Talk about drama – the UK was full of it yesterday. The day started early yesterday with the resignation of David Davis and then Boris Johnson did the same later in the afternoon. Johnson’s departure in particular hurt the cable as the pair traded down to 1.3190 although it did bounce on confirmation that May won’t face a confidence challenge – not this week at least.

Market Insight Commentary – 24 October 2018

It was a tricky session for the EURUSD with the pair trading for the best part of the day in a 45 pips range. The high traded at 1.1485, which was the 100 hour MA, but quickly found resistance at these levels. This becomes a key level to watch today and the bears will want to keep control by staying below, if the bulls are able to find some support here, momentum will force this pair higher.

Market Insight Commentary – 29 November 2018

It was a quiet morning yesterday with most of the major pairs and instruments trading in tight ranges heading into the weekend, we also had a speech from Fed Chair Powell to navigate. We touched on it last week that the Fed were perhaps trying to lead the expectation of the market, the market seemed to be caught off guard as Powell went off script yesterday and for some would think that he turned dove. What he did was put into doubt any possible rate hikes for next year, I think that his reasons are sound and the market should not be surprised as his team basically prepped us last week.

Market Outlook Commentary – 21 January 2019

Brexit talks will continue to dominate market this week though, to me it seems as though Jeremy Corbyn will hold out for a general election as opposed to help the Conservative party negotiate any deal. The significance to this is that he will build his campaign around a second referendum – odds are now up to 42%.

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