Market Outlook Commentary – 12 June 2019

Risk sentiment continues to dominate the market amid all the chaos in trade deals, the recent dovish stance of the Fed will also no doubt play a part in where the market is heading. China again headlining by suggesting that they would respond with firm resolve if the US insists on escalating trade tension – we have heard this from the Chinese almost daily for the last several weeks and to me this just seems as though it is hot air.

Market Insight Commentary – 25 May 2018

The gloves came off yesterday as Donald Trump cancelled the summit between the US and North Korea, it doesn’t come as a total surprise as Trump did mention that there was a chance the meeting would not take place. This to me is just another case of Trump being out of his depth when it comes to leading, I am not sure he realises that his actions have repercussions and this high risk game of geopolitics he is playing could come and bite him.

Market Insight Commentary – 23 March 2018

Market Insight Commentary – 13 April 2018

Market Insight Commentary – 09 October 2018

GBPUSD traded as low as 1.3025, later in the afternoon we saw a steady retracement of this move, headlines continue to be the main catalyst as news of an EU offer helped the GBP. At the end of the day, the pair traded to only 25 pips of the open. The USDCAD was a tough one because of the bank holidays, there is news that Hurricane Michael has formed in the Caribbean which may hit the Gulf coast come Wednesday. This would have a direct impact on oil which in turn could mean a stronger (lower) USDCAD.

Market Insight Commentary – 10 May 2018

With all the geopolitical factors influencing the market – there is limited opportunity in the FX markets this week with traders seemingly reluctant to take big positions. I have been content to focus on the equity bourses this week as for now they seem immune to geopolitical factors with the major bourses moving by over 1% yesterday. Despite these moves though, there seems to be a lot of intraday opportunities and this is where I am focusing again today.

Market Insight Commentary – 17 August 2018

Equity markets caught a mid-afternoon bid yesterday as news that the US and China would hold meetings to thrash out a potential trade war started to surface. There was also some good earnings reports from both Walmart and Cisco and there was also some positive expectations from Boeing – this meant that the US indices really did soar. The momentum halted later on as comments from Larry Kudlow started spreading a little rhetoric.

Market Outlook Commentary – 25 April 2019

Yesterday was all about the earnings in the US and the Canadian interest rate meeting, the EU are clearly bracing themselves for some tariffs placed on them by the US. Whilst the ECB have tried to downplay the significance of such tariffs, I am not sure the market will buy into that though – the impact, especially in Germany would be immense.

Market Outlook Commentary – 22 March 2019

It was all about Brexit yesterday, as this whole process seems more and more uncertain with every passing day. Theresa May was in Brussels yesterday meeting with European leaders, so to was Jeremy Corbyn – the opposition were there having “alternative” Brexit plans. Despite the calls by the opposition for a second referendum or general election, I am not certain that the opposition leader would acknowledge that he is probably the reason they would lose a vote.

Market Outlook Commentary – 01 April 2019

The focus was on the UK as PM May’s withdrawal agreement vote again went to vote, their protesters in London again – this time in support of a “no-deal” Brexit. It seems as though this could become a reality as parliament again voted against her agreement.

Contact us