Market Insight Commentary – 20 November 2018

The pound did find a little respite this morning as Theresa May managed to put the brakes on, this could all change today though as the votes of no confidence start to trickle in. The narrative for the Brexit saga has turned from the deal to that of a leadership vote, it was reported last night that there were over 50 letters that will ask May to face a vote of no confidence. She did talk about carrying on with her job, rather awkward as she may not be in the job by this evening but I don’t think removing her will change the position the UK are currently in.

Market Insight Commentary – 24 April 2018

We discussed it is a little less detail yesterday that perhaps on Friday we saw signs that the dollar was back – yesterday the dollar certainly was King. There are various reasons being mooted for the cause, but from my perspective, having a look at the COT report on Friday I would suspect that there was an element of short covering yesterday.

Market Outlook Commentary – 18 April 2019

Markets seemed a little more optimistic than I expected last night as Chinese data remained firm and this led to some risk appetite. There are also some reports that suggest the US and China will sign an official trade deal by late May – we will believe it when we see it but in the interim this could lead to some profit taking in the equity markets. This is on the back of news that there will be continued Chinese stimulus for the remainder of the year – another indication that we are going to have some seriously lower growth in the next 12-24 months.

Market Outlook Commentary – 18 March 2019

It will be another big week for Brexit lawmakers, there is another meaningful vote on Tuesday, the idea behind that is that it gives enough time for PM to get a vote but if she fails – she will have to have a session to give the EU a reason for an extension. The rest of the political parties will be sure to recognize that the public are starting to protest against government in a hope that a deal gets done – I am sure this is becoming embarrassing for them, it is after all the opposition that are preventing this from getting done.

Market Insight Commentary – 07 February 2018

Market Insight Commentary – 13 March 2018

Market Outlook Commentary – 17 January 2019

After PM May’s deal was defeated on Tuesday night, yesterday morning was always going to be a little quiet, it was almost a reprieve from the volatility and perhaps a break from the volatility still to come. As expected, PM May survived her no confidence vote – although there are many within the conservative party that don’t particularly agree with how May is dealing with Brexit – they also don’t want to lose the right to govern.

Market Insight Commentary – 11 May 2018

After all the talk about inflation breaching the target level of 2% in the US, one would have been excused for believing that the inflation report was set to be a blinder yesterday. Instead the US CPI was disappointing yesterday, although the prices are higher they are contained and I wouldn’t expect that data read to affect the Fed tightening cycle for the rest of the year.

Market Insight Commentary – 16 April 2018

Market Insight Commentary – 15 October 2018

I am reluctant to dip my toes back in the market and will wait to see what happens when New York opens. My gut says to me to stay away from the GBP, EUR, JPY and CHF pairs – it also tells me to stay away from the indices. I am going to have a look at the commodities today as they both look overdone, but with all the carnage in the market – I might just spend another day on the side lines.

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