Risk aversion hit late on Friday as it appears that the US yield is inverted – which of course points to a looming recession. This weekend also provided the possibility that PM May will be forced out of office shortly, there was a massive rally in Central London with over 1 million people protesting – I would expect one last throw of the dice today.

Market Insight Commentary – 14 June 2018

The EURUSD fell towards a support swing area at 1.1725 and bounced from there, there is an ECB meeting today and with the EU threatening to start the tapering of QE there could be some volatility this afternoon. We have a clearly defined support level mentioned above and the high is trading at 1.1800, this is where sellers may get interested – but once the ECB starts – all bets will be off.

Market Outlook Commentary – 25 February 2019

The whole world was concerned about one thing and one thing only this weekend – the conclusion of the US-China trade talks. News over the weekend is that the world’s two largest economies have made some inroads in some structural trade agreements, the US will delay the talks until the two presidents can meet again in 3 weeks – Trump himself has declared the last week a success.

Market Insight Commentary – 08 June 2018

The USDJPY traded in a tight 35 pip trading range for most of yesterday, and the pair only started moving once the equity market got under way in earnest. The market flows seemed to look for the safety of the JPY. The pair did trade below the 100 hour MA and this was the catalyst for the momentum to start increasing from 109.90 – the pair only found support at 109.45.

Market Outlook Commentary – 14 February 2019

Yesterday was all about the “love” Donald Trump was showing the market, his comments that the US would make “great deals on trade” and that “we don’t want China to have a hard time” were well received leading into talks with China next week.

Market Outlook Commentary – 11 June 2019

The market eagerly waited on two things on Friday, firstly the US Non-Farm Payroll data read and secondly the US-Mexico trade talks. There is no other way to describe the jobs data except that it was a shocker, earlier in the week the Fed suggested that the only weak data was keeping the committee from cutting rates – well that this the worst jobs report since 2012 and the market will begin to price in this interest rate.

Market Outlook Commentary – 14 March 2019

So there you have it, the UK want a deal – but just not the numerous deals that have been put forward to them. The EU turned the screw on them by reiterating that they will not be negotiating any further and that talks are done and dusted. There is also rumours surfacing that the EU will only extend extension for a couple of weeks as opposed to the months that Britain want, they have also prepared themselves for a no deal Brexit – not encouraging if you are British.

Market Outlook Commentary – 29 May 2019

Another choppy day yesterday as the market struggles to make sense of the continuing risky environment – it sometimes feels as though the world is going mad. While the US has gone quiet on the potential trade war, the Chinese have got very vocal this week – in my mind this is the first sign of some panic by the world’s second biggest economy. The Chinese have stated yesterday that they will start pulling back on rare earth exports – some of these are vital in the development of high-tech products. The market in time will find an alternative, but this is an illustration that trade tensions are starting to escalate.

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Daily Market Insight

Market Insight Commentary – 31 January 2018

Market Insight Commentary – 04 April 2018

Market Outlook Commentary – 25 March 2019