Market Insight Commentary – 15 June 2018

The day was dominated by the both retail sales and the ECB press conference yesterday, both the UK and the US saw retail sales far exceed their expectations. The UK could be explained by the Royal Wedding which would have boosted the economy. The ECB indicated that they would start cutting bond buying in September, ending in December – although those moves came with a caveat dependent on the market.

Market Insight Commentary – 02 July 2018

The GBPUSD was waiting for a reason to trade higher, it was probably due a corrective move and it piggybacked the move in the EU. The high for the week traded at 1.3300 and so the closing price at around 1.3215 is still someway lower than that, but considering this pair was trading at 1.3050 on Thursday, this will be seen as a result. There is a topside trendline not too far away and I believe that we could need to see price above this level before buyers will feel comfortable.

Market Insight Commentary – 08 March 2018

Market Outlook Commentary – 27 February 2019

Yesterday was dominated by two key events, the first was Brexit developments where PM was rumoured to be taking a no deal scenario off the table as well as possibly delaying the exit. The second was Fed Char Powell addressing the market, where it was highlighted that all 12 voting member had voted for rates to remain in January.

Market Insight Commentary – 30 January 2018

Market Insight Commentary – 12 December 2018

There seems to be winds of change sweeping though the European continent at the moment, we already knew that Merkel in Germany had planned to step down. Yesterday though, despite the late withdrawal of a parliamentary vote by PM May, rumours started filtering through that the conservatives had sent the 48 letters needed to trigger a no confidence vote on May. In France, opposition parties have filed a no confidence vote in Macron – it seems as though things could get interesting.

Market Outlook Commentary – 06 February 2019

The rest of the market news comes from the UK, it is expected that PM May will meet in Brussels with Junker, it may be an intention that things are moving forward but I doubt anything will come of this meeting. The UK are determined to come to some agreement on the Irish backstop, the Malthouse Compromise from her parliament calls for an Irish resolution and an extension of the implementation period, alternatively to leave without a deal.

Market Insight Commentary – 30 October 2018

Yesterday was yet another rollercoaster ride, as the volatility in equity markets continues to move the financial markets. The US markets started the day with a brief rally but was quickly overturned by big headlines. Firstly, the UK talked about a digital tax on tech heavyweights which put pressure on the Nasdaq, the US equity markets did bounce into the close but it was not convincing.

Market Insight Commentary – 22 January 2018

Market Insight Commentary – 27 August 2018

The market would have been watching Jackson Hole with some enthusiasm yesterday to see if there were any new developments with regards to both trade and US rate policy. Fed member Bullard did concentrate on a possible inverted yield curve, slowing economy as well as inflation not reaching the target that the Fed had forecasted. There was some movement off those comments but they were short lived, Bullard is an eternal dove and is also not a voting member.

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