Market Insight Commentary – 03 October 2018

Headlines and talking heads are also key in the sterling volatility with the unpredictable nature of Europe and Brexit moving the pound pairs. Boris Johnson is not helping much, as he yesterday he hinted of a prosecution of Theresa May and asking the country to back her in the same sentence. The GBPUSD continues to be moving sideways and it is looking likely that 1.3000 is going to be the line in the sand today.

Market Insight Commentary – 05 September 2018

You could probably say that yesterday was the beginning of a new year and it did not disappoint. The market was really focused on what could be released during the testimony of the BOE Governor Carney. He did open the door to stay in office for another term – I am not sure how the market is going to react to that – he also hinted that the economy is operating as if there was a no deal Brexit. This to me suggests that he is confident of a deal getting done, but there is bound to be some headlines between now and that announcement that will cause some volatility.

Market Outlook Commentary – 10 June 2019

The market eagerly waited on two things on Friday, firstly the US Non-Farm Payroll data read and secondly the US-Mexico trade talks. There is no other way to describe the jobs data except that it was a shocker, earlier in the week the Fed suggested that the only weak data was keeping the committee from cutting rates – well that this the worst jobs report since 2012 and the market will begin to price in this interest rate.

Market Insight Commentary – 05 July 2018

Predictably, it was a very quiet day yesterday with US enjoying Independence Day. Anything remotely marking moving came from headlines out of Europe, the first that ECB members were shifting towards a more hawkish tone and the second that the US were willing find a compromise on auto tariffs. Both of these headlines were released after London had closed for the day and so the impact was limited.

Market Insight Commentary – 14 November 2018

The real news is going to centre on Brexit for the next few days as headlines are coming thick and fast, news that a Brexit deal could be offered in the next 24 hours and that a cabinet deal could be announced early this morning. All seems great at this point of time, but I suspect that the labour party will vote against the Brexit deal and that this initial optimism may just turn to despair – either way, I would stay out of all GBP and EUR pairs for the time being.

Market Outlook Commentary – 03 May 2019

Another subdued session as the market digested the FOMC meeting outcome from Wednesday night, participants were looking for some new theme to cling to in the trading day. The BOE as expected left rates unchanged and the UK parliament did not include any Brexit debate on its agenda for next week – a boring day then.

Market Insight Commentary – 26 September 2018

GBPUSD finished the day 60 pips higher and trades around the 61.8% fib of last week’s high. The high traded price for the day was 1.3198, and it grinded for the rest of the day. The major level to watch today is 1.3198 which will be a key level to break for the buyers, I suspect with the Fed this evening price may just trade sideways. I will be looking at minimal instruments today and will focus my attention to the European indices today, if I have not traded in the morning session I will call it a day.

Market Insight Commentary – 28 March 2018

Market Outlook Commentary – 13 May 2019

The only thing that the market was concerned about was developments between China and the US on Friday, tariff increases had gone through and with China stating that a retaliation was on the cards – the world was on tenterhooks. Oddly enough, Donald Trump tried to convince the world that talks were going well and that there was no rush to get anything completed, and also reiterated that the tariffs may or may not be removed depending on negotiations.

Market Insight Commentary – 30 August 2018

So much for the sleepy day that I was expecting, another day action packed with fundamental news flow continued to move the equity markets and in turn the correlated USDJPY moved to monthly highs. The major story though came out of London as news filtered through that Barnier admitted the EU is prepared to offer the UK a “deal unlike any other.”

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