Market Insight Commentary – 19 February 2018

Market Insight Commentary – 27 July 2018

This was confirmed to me by the comments out of the EU and US yesterday, Trump believing that the EU would be buying soybeans and Macron of France stating that agricultural would not be part of any deal. Commerce secretary Ross also hinted that aluminium tariffs would stay in place for now despite the EU believing these tariffs would be removed – it makes you wonder if Trump and Junker were actually in the same meeting.

Market Insight Commentary – 02 August 2018

For most of the day the market was locked in anticipation for the FOMC decision, we got what was expected in that there was no hike – we did get endorsement of stronger growth and spending. There was a feeling that the market was not overly impressed by what the market had to say. The reason for this is possibly that Trump overshadowed the Fed decision by confirming a proposal to raise taxes from 25% to 10%, and this was announced as the Fed were announcing.

Market Insight Commentary – 23 November 2018

Reading the draft, there are definitely some positive developments for the UK but with regards to the sticking points – nothing has really changed. It is up to the rest of the EU states to approve the draft before it can proceed to the summit on Sunday night. The same old issues being fishing, Gibraltar and the Northern Ireland border will continue to be a thorn though.

Market Outlook Commentary – 05 June 2019

The market continues to battle with indecision as global trade tensions and the possibility of a rate cut by the Fed cast a shadow overhead. With the healthier risk mood that was evident during the morning session giving way the nearer the Fed speech came – there was also the smaller fact of dialogue between the US and Mexico to come.

Market Outlook Commentary – 10 April 2019

It seems as though the bargaining shift within the EU is starting to diminish a little bit as Donald Trump will now place $ 11 bln worth of tariffs on the EU – I’m assuming they wouldn’t be able to also take a no-deal Brexit too. I suspect that this may mean that a trade deal with China is on the horizon – so that could be the major headlines leading into the weekend.

Market Insight Commentary – 29 August 2018

We highlighted the fact that we would expect to see the USDCAD trade a little bit lower, as traders may start to bull the rumour. This is exactly what happened yesterday as the pair traded to as low as 1.2814 which is below both the 100 hour MA and the 38.2% fib. This highlights the fact that the market is a little bit unsure of where the next big move will start. The EURUSD also looks a great level to look for shorts to me, the recent swing high is at 1.1740 and the high stalled this week at 1.1733 and retraced back to the 61.8% fib at 1.1692 – it is very telling to me that the pair could not break through those levels.

Market Insight Commentary – 22 November 2018

The overwhelming theme in the market is the same with Brexit negotiations taking centre stage, there is talk that the UK and EU would be working through the night to finalize a deal, but I am not so certain it will get through. Comments are flying that the EU will put in place a backstop while Theresa May will come back with a compromise are getting old – if these are the headlines it means that there has been no progress in 2 weeks. The market will surely start to get tired of this narrative, I still believe that the EU are trying to play hardball to prevent any future contagion – but it would shock me if there are a few “no deal” headlines that start to surface.

Market Insight Commentary – 20 July 2018

The economic releases yesterday saw the very strong data reads with employment claims the lowest since 1969, how much of those workers are skilled I am not sure. Trump has signed a pledge to retrain workers although it is easier said than done. Momentum was not sustained though as comments from Trump lamenting the strong dollar and disappointed in the Fed raising rates sent the dollar tumbling lower.

Market Outlook Commentary – 18 June 2019

With the potential trade war between the US and China still looming, the Chinese president will be making a state visit to North Korea next week. It seems as though both countries have been “wooing” the North Koreans the last couple of months, one gets the impression that they may hold the key to the trade war as they do have the cheap labour that China built their manufacturing industry on a decade ago. Forex Global Equities Commodities Stock Indices

Contact us