Market Insight Commentary – 28 February 2018

Market Insight Commentary – 26 July 2018

The day was dominated by discussions between Trump and Junker of the EU and the hot topic surrounded the possibility of a deal with regards to these ridiculous tariffs. The speculation later become reports that a deal had in fact been struck with headlines stating that the EU had agreed to buy more soybeans from the US and Trump to cease new tariffs on EU automobiles. This news sent most currencies to session highs against the US dollar as well as US Indices to within a whisker of all-time highs.

Market Outlook Commentary – 04 April 2019

Another session that was void of any major market moving headlines yesterday, the Chinese PMI numbers showed a modest rebound and coupled with optimism on trade development – there was a slight risk on mood yesterday.

Market Insight Commentary – 19 September 2018

The economic calendar was pretty quiet again yesterday, with the main story again the US tariffs on $200B worth of Chinese goods which will go into effect on the 24th September. All eyes will be on what retaliation the Chinese inflict on the US – this really could be the start of a trade war. This kind of news will mean stocks move higher as well as bond yields with commodity currencies enjoying some flows. The EURUSD moved to 1.1725 yesterday which is the monthly high, there was an inability to move higher though which means this is a natural take profit area for the buyers. The 100 day MA is at 1.1665 with the low trading at 1.1650, this is a tight range for the pair and these levels become the key levels to watch today.

Market Outlook Commentary – 28 May 2019

The market was always going to be somewhat subdued ahead of both a US and UK holiday, and so it proved. Whilst China tried to convince the world that they have never deliberately devalued their currency – who are they trying to kid? Trump reiterated that although he believes a deal will be agreed in the future, the US are not ready just yet, this to me reiterates that the US probably hold the better set of cards at this point – and the Chinese are sitting wishing that there bluff was not called.

Market Outlook Commentary – 26 March 2019

Brexit is also starting to get a little odd now and I am not sure how the UK is going to get out of this mess that they have created for themselves. PM May seems to have no more cards to play and so the options are becoming more obvious, there were 5 million people that signed the petition to have another referendum, this is fast becoming the bookies favourite.

Market Outlook Commentary – 21 May 2019

It is clear that this rhetoric between China and the US is going to persist for some time, and this will leave the market on edge which was illustrated yesterday when the steady start was met with a wave of volatility when China vowed to retaliate against Huawei measures. Trump has continued to bait Iran, whilst there are some merits to his sanctions – it is again the delivery of his message that leaves a lot to be admired.

Market Outlook Commentary – 22 January 2019

A dollar holiday yesterday meant that trading was pretty thin, the signs of progress between US-China trade deals on Friday evening was not able to take full effect and perhaps we may see some action today. China has been overly helpful in the coming days by offering the US a 6 year import boost worth over $ 1 trillion dollars – this would been that bilateral trade balance would be zero by 2024, considering their reluctance over the past 12 month you can’t blame the US for being sceptical.

Market Insight Commentary – 19 December 2018

The market was really active yesterday morning, it may have been traders taking something off the table ahead of the Fed or it may have been some squaring of positions in what is likely the last trading week of the year. I personally think that trading desks decided to take the bull by the horns and start pricing in a dovish tone from the Fed this evening. Expect the market to go into somewhat of a lull this evening ahead of what is bound to be a much anticipated Fed – I do believe that we will get a hike this evening but the language of the statement will be the important factor.

Market Insight Commentary – 23 April 2018

It seems as though the entire market is on tenterhook waiting to see how the whole geopolitical factors play out. Donald Trump continues to be the spanner in the works with regards to financial markets. North Korea pledged last night to suspend missile testing with immediate effect, could this be a good start for the world to go into some state of normalcy.

Contact us