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Daily Market Insight

Forex Market Insight 29 October 2018

Market Insight Commentary – 29 October 2018

The market continues to be directed by moves in US stocks, both Google and Amazon showed disappointing revenues which sent the bourses tumbling – their worst monthly performance in a decade. The GDP print was strong, however there were some aspects of the print that don’t make sense, inventories is leading the charge in the investment which means that corporate tax cuts are not going towards buying back stocks. It also showed that net trade was negative by a bigger than expected read, and it also shows that Government contributed 0.6% which is high – all these factors does not bode well for the future.
Forex Market Outlook 21 February 2019

Market Outlook Commentary – 21 February 2019

It is alarming at how many ministers have quit the Labour Party in the week, the number is up to seven – and it has come out of left field. In the grand scheme of thing this shouldn’t affect the Brexit negotiations, but it may mean Jeremy Corbyn will review his own party strategy and even that of PM May.
Forex Market Outlook 14 January 2019

Market Outlook Commentary – 14 January 2019

The highlight of the day was more the pound as headlines that Brexit may be delayed beyond the March 29th deadline, Parliament is seeing a delay in Article 50 as “increasingly likely.” PM May is insistent that this is not an option but if she loses the vote this week then it is difficult to see anything else.
Forex Market Outlook 04 February 2019

Market Outlook Commentary – 04 February 2019

After a good Thursday out of China, we saw the Caixin Manufacturing PMI come out on Friday – this represents the private owned enterprises and is often a better reflection of the economy. The print yesterday was a dour one and Asia does seem to be systemic of this as both Japan and South Korea are showing similar slow down.
Forex Market Insight 18 September 2018

Market Insight Commentary – 18 September 2018

Trade concerns continue to dominate the market, the dollar was already on the back foot during the London session, but it lost further ground when Trump and the White House confirmed yesterday that additional tariffs on China were forthcoming. There was also no formal NAFTA meetings, although Canada have been out with some fighting talk of late – stating that there is no deadline for talks and that dairy farmers would be protected. I mentioned yesterday that I suspect my call Trumps bluff, it will be interesting to see the final product – if indeed there is one.
Forex Market Insight 27 November 2018

Market Insight Commentary – 27 November 2018

It seems as though the President had a little bit of time to make out after the thanksgiving holiday, I must admit that some of his points I agree with – it’s perhaps the delivery of the message that comes about wrongly. It is believed that the US and China will meet on Friday in Argentina during the G20 summit, the market will be hoping that these tensions thaw somewhat, a good outcome will be an agreement put in place and a bad outcome will be no progress is made at all – true to Trumps style I think that we will see something in the middle and for the relationship to continue to be strained into 2019.
wall street bull charts

Market Insight Commentary – 31 July 2018

The forex markets were subdued once again to start the week, there is life in the markets for the rest of the week with the BOJ, Fed and BOE all set to meet this week – and the big NFP read on Friday. The BOE are expected to raise interest rates while the Fed are expected to hold – the market will be watching the language of the Fed though with a hike in September still very much on the table.
bull v bear world map

Market Insight Commentary – 09 July 2018

The trade tariffs between the US and China went into effect at midnight on Friday with each party imposing $34B of tariffs on each other’s goods. In what is becoming predictable these days, Trump vowed to add further sanctions, this time though he in not dealing with a flustered EU but rather a calculating China who vowed to match. In theory the US should win this battle as they import more goods, but I suspect that the Chinese will merely make it difficult through delaying clearance of time sensitive agricultural products – this would be strategic as it would target the heartland of the US.  

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