Market Insight Commentary – 21 February 2018

Market Outlook Commentary – 21 March 2019

The FOMC has come and gone, as expected the rates were left on hold – and as expected the committee was somewhat more dovish. The Fed are looking for only a single rise in 2020 and nothing for the rest of the year. Growth was cut to 2.1% and 1.9% over the same period but they did hint that the economy was in a good place.

Market Insight Commentary – 11 September 2018

The EURUSD dipped to 1.1525 but steadily climbed after those announcements, it seems as though both the EURUSD and GBPUSD will be affected by these headlines in the short term. Despite the positive sentiment – both Australia and New Zealand could not take advantage. The USDCAD had two attempts at 1.3200 and was in the process of a third when New York opened, this pair is still going to be concerned on NAFTA.

Market Insight Commentary – 25 April 2018

The big FX mover yesterday was in the FX market was thus the USDJPY, the JPY pairs were the higher earlier but started wilting with stocks. This pair is most affected by the equity markets and so this is something that we will have to watch.

Market Outlook Commentary – 03 June 2019

Friday was all about risk off as news that Trump had slapped tariffs onto Mexico had come as a surprise and also raised concerns of a contagion effect. The flight to quality meant that it was the Yen and the Swissie that benefited from the move. The Chinese have started the fightback against the US by creating a list of unreliable suppliers such as Google and Microsoft and will start combating against these firms.

Market Insight Commentary – 11 April 2018

Market Outlook Commentary – 02 May 2019

It was predictably quiet yesterday with most of the world observing the Labour Day weekend, with such little economic data to move the markets we were eagerly waiting for the FOMC meeting to see if the dot path had moved any. The language of the rate decision did not really surprise the market with rates left on hold and the committee to maintain a “patient” approach, whilst they admitted that inflation had declined the long term projections were little changed.

Market Insight Commentary – 23 February 2018

Market Insight Commentary – 09 November 2018

There was a lack of any changed in the statement and so those traders who believe that there will only be one hike next year will not have got any answers. There has been plenty of talk of the ECB and the committee continues to remain optimistic which at this point seems a little bit misguided. Draghi did comment that any disappointing data could downgrade that forward guidance which continues to drive the EUR pairs.

Market Insight Commentary – 17 May 2018

There was event risk in the form of a Draghi comment yesterday and he did highlight that the EU is becoming more politically fragmented – this is a surprising comment to make as this type of attitude started two years ago when we saw the start of the Brexit process. There has been some “noise” recently in Italy as the coalition have stated in their wish list that they would like to enforce forgiveness of 250 bln euros. Don’t be surprised if we see more of this attitude from EU members in the coming years.

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