Market Insight Commentary – 11 July 2018

The commodity currencies staged a bit of a turnaround in the last couple of days as the dollar continues to dominate, the USDCAD rose as high as 1.3150 but the strong oil prices led to some short covering ahead of the BOC and the pair trades at 1.3114. Markets are volatile at the moment and I am hesitant to trade any FX, for me the most attractive pair to trade is the USDJPY but keep an eye on the equity markets as there is a strong correlation between the JPY and the indices.

Market Insight Commentary – 28 November 2018

Trump has also gone onto the offensive with regards to auto tariffs by contemplating slapping a 25% on all auto mobiles except for those from Mexico and Canada. The EU and the US had agreed not to do anything whilst negotiations were ongoing and it seems as though these negotiations are going to slowly for Donald Trump – perhaps he has just called the EU’s bluff. Germany alone exports $ 20bln to the US every year and so these negotiations could gather a little momentum heading into January.

Market Outlook Commentary – 14 May 2019

Comments over the weekend by both the US and China over the weekend always meant that markets were going to tough yesterday – and so they were. Donald Trump seemed to be baiting the Chinese by insisting that China needs this deal as the US could essentially avoid tariffs elsewhere, although he has some merit to his argument – neither side will be spared by a trade war. The Chinese responded by vowing to never bow to foreign pressure and then promptly raised tariffs on some Chinese goods from 1 June.

Market Outlook Commentary – 07 February 2019

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Market Insight Commentary – 29 May 2018

With both the UK and US out the market yesterday we anticipated a slow day, in yet another twist to the US-North Korea debacle – Trump stated that the meeting was back on and the market responded by getting back into risk assets. The weekend also started to cheer the fact that Italian elections may avoid plans of a new government and the EURUSD responded by rallying first thing in the morning, this was short lived as the possibility of fresh elections became more factual.

Market Outlook Commentary – 18 February 2019

The focus remains on US politics, there is of course the ongoing trade talks between the US and China which after sounding positive on Thursday, the news seemed to be simmering until we got some late news that both parties would be working towards a memorandum of understanding in order to “seal the deal.”

Market Insight Commentary – 26 March 2018

Market Outlook Commentary – 04 June 2019

We mentioned yesterday that the potential trade war could start to spill over into industry, with news that China had started compiling a list against other US suppliers like Microsoft and Google. It was then suggested that the US has decided to shorten the length of Chinese visas, this would of course mean that Chinese students will not be able to complete their studies in the US – a countermeasure to IP theft.

Market Insight Commentary – 28 September 2018

The GBPUSD also fell on the day and closed at its lows, although the pair was a little more resilient that the rest of the majors, it still shed a lot of gains. Like the EUR, priced moved away from the 100 day MA of 1.3133 before closing at 1.3075. The bears may be in control at the moment but I suspect that there may be some support buying at these levels, a stall at that support and there could be a corrective move higher.

Market Outlook Commentary – 17 May 2019

The market continues to be driven by risk sentiment and in particular the recent fallout between China and the US, we have an interesting battle between fear and greed which is gripping traders and there is no clear winner just yet. The sanctions placed on Huawei have seemed to touch a nerve with the company admitting that they will be left behind, they have said that they will come up with effective measures but this could be the tipping point in these negotiations.

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