The UK House of Commons vote on Theresa May’s Brexit deal takes centre stage on Tuesday, though the vote won’t get going until 7pm London time. Heading into the vote, it’s widely expected May’s deal will be rejected. And yet, this has done nothing to stop the Pound from rallying to its highest levels since […]
We’re into the new week and a lot of the attention will be back on the fate of Brexit, with that important vote in parliament scheduled for Tuesday, in which the government will either approve or reject Theresa May’s deal. Audio update
Into Friday, we’re looking at a market that wanted to be selling US Dollars this week, with currencies up across the board against the Buck. The primary driver of the price action was more confirmation from the Fed that it was falling into line with the will of the market, adopting a more accommodative outlook […]
Finally some movement in the currency market, with the Euro breaking up through important 1.1500 multi-week range resistance. We believe this sets the stage for the start to a bigger run on the US Dollar. All of this coincides with a Federal Reserve that is reconsidering its stance, now in less of a rush to […]
We haven’t seen much activity in markets this week, though things could pick up today with central bank risk all over the calendar. We get a policy decision from the Bank of Canada, the Fed Minutes, an online Q&A with BOE Governor Carney and appearances from various other central bankers. Audio update
We’re back into fuller post-holiday trade and yet, market conditions have been rather calm to start the week. Investors will want to know what comes of the latest round of trade talks between the US and China and what Theresa May will do next to avoid a defeat in parliament next week. Audio update Technical […]
Despite the stronger US jobs report, the market has since been selling Dollars and buying stocks. A lot of this is a function of the Fed Chair’s appearance later in the day on Friday, after Jerome Powell appeased investors with comments that leaned more dovish than what he had conveyed at the most recent Fed […]
There’s been a pickup in sentiment into Friday, with risk correlated assets benefiting from a few drivers. One of those drivers came from Thursday’s economic calendar. Looking ahead, the US jobs report is the standout release on Friday, though the market will also be eyeing a late appearance from the Fed Chair. Audio update
Market volumes still aren’t back to full form and won’t be there until next week. One of the products of thinner trade can be violent moves and that’s exactly what we’ve seen into Thursday, with a flash crash in USDJPY during the twilight zone trading hours, shaking up the FX market in a big way. […]
We’re into 2019 and markets will start to work their way back into full form. Trading volume should pick up as many return to the desks, though we don’t believe we’ll be back to normal until next week. As things stand, the US Dollar is under pressure against the major currencies, as the market considers […]
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