The Week Ahead

Key Drivers for the Week of Nov 16 – Nov 20 • Vaccine hopes vie with record surge in virus cases and muddy economic outlook • Brexit talks front and center — “final final” deadline this week? • Focus on U.S. fundamentals: retail sales, production, manufacturing, housing data due • Fedspeak from Daly, Clarida, Barkin, […]

Hot Off The Press

British Prime Minister Boris Johnson has come out saying that businesses in the UK need to prepare themselves for an Australian type deal with the European Union. But what does this mean an “Australian Style” deal? Well firstly it must be stated that the PM was pushing for a Canada style deal whereby they agree […]

GBP-Don’t try and catch a falling knife

The Pound is tacking another pounding (sorry couldn’t help  it) with the GBP/USD falling below crucial support at 1.29. The European Commission is expected to take legal action against the UK after approval of a law that violates the Brexit Withdrawal Agreement. They are at loggerheads about State aid with Britain unwilling to accept Brussels […]

European Head Sparks Brexit Positivity

The new European Head Pascal Donohoe has excited traders although the ongoing tension between the EU and the UK worsens. Stating that all that needs to happen is for “Britain to respect existing agreements like withdrawal agreement”. But how has this affected the pound? Although we saw a bounce from its seven week lows, the […]

No Deal Brexit Causing Havoc

The AUD started the week off like a roller coaster, with sharp drop and steep climbs. But where to from here? With is current momentum to the upside we can expect the Aussie to sprint to 0.7300 but this coaster cart needs more wind at it’s back to go much further than that. Support at […]