Market Insight Commentary – 28 May 2018

The EURUSD fell to session lows on Friday as the pair reached 1.1645 meaning that it is trading at the lower trend line again. There was the bounce on the open this morning, I suspect that this move could start to slow down though, we saw massive selling pressure at the 100 hour MA last week and this level trades at 1.1733 – the bears in my opinion are still very much in control here.

Market Outlook Commentary – 18 January 2019

After all the drama in the UK Parliament this week, the no confidence vote against PM May turned out to be a bit of non-event in terms of volatility. As was expected, she was able to hold onto power albeit at a much tighter margin than was expected of 325-306. There does seem to be some political jockeying and PM May both stated yesterday that there wouldn’t be a general election – I don’t think she would make that mistake twice in her campaign – and she also mentioned that we could see a no deal scenario play out.

Market Outlook Commentary – 05 February 2019

There was not much new Brexit news to discuss with the issues still being around an Irish backstop and the extension of Article 50. There is news that PM May will be going to the EU to try and negotiate further, the EU have stated that they are not keen to negotiate and their stance is understandable given the possible contagion around further exits. I just wonder that they are being short sighted, the UK are still their biggest trade partner and their own long term trade prospects will also come under scrutiny.

Market Outlook Commentary – 11 March 2019

The morning session was quiet on Friday as the market eagerly waited on the US jobs report, after the January print was such a good one – it was expected that this print would be even better. The number came in at 20,000, which is the weakest it has been in almost 2 years – at first the number the dollar sold off only to recover later in the day. It would seems as though the world is facing an economic cycle of slow growth and the US seems to be projecting stronger growth than the rest.

Market Insight Commentary – 13 July 2018

Undoubtedly the underlying theme in the market is the potential trade war which still looms, Donald Trump has been very active on his twitter account and this has led to volatile swings in financial markets. As I touched on yesterday the USDJPY continues to be the only FX pair that I am considering although I am very much relying on the equity markets to dictate my entry. US equity markets are at all-time highs and one gets the impression that a relief rally in the very least may drive this pair.

Market Insight Commentary – 06 February 2018

Market Insight Commentary – 12 September 2018

The big mover yesterday was the USDCAD after comments from Donald Trump stating that trade talks were going well proved to be the catalyst for some CAD strength. This allowed pair to trade below the 200 hour MA at 1.3120 and even had a stab at the 100 day MA at 1.3035. This pair looks ominous at this point to have another attempt lower and I am still wondering if this is a buy the rumour sell the news scenario.

Market Insight Commentary – 10 October 2018

Headlines that a Brexit agreement may come as early as next week is the catalyst for the sterling strength, I am nervous to get involved in any pound pairs with these headlines always looming. The GBPUSD based itself on the 100 and 200 hour MA yesterday which was trading at 1.3037 before the pair rallied to test 1.3150. The MA will become a risk level today, stay above will be more bullish and any move below will get those bull nervous.

Market Insight Commentary – 31 May 2018

It always amazes me how quickly the financial markets rebound from a major news story, after all the chaos the political shenanigans in Italy has caused in the last two weeks – it was put on the back burner yesterday. There was thus a reversal of fortune for the major FX pairs, stocks and bonds – in truth, I am not entirely certain this will hold as there are a still a lot of balls in the air.

Market Outlook Commentary – 08 February 2019

The action during the European session today was the BOE monetary policy decision, in what is becoming a global trend, the bank cut growth forecasts and there was definitely a more dovish tone. The BOE is also going to be very much aligned with what happens within Brexit, the EUR pairs felt the same form of pain as the European Commission also hinted towards cuts in growth forecasts.

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