The week ahead

We have a full week of  announcement in the week ahead. How is the pandemic affecting the markets? Which economy is on the rise? German Retail Sales will be first cab of the ranks today followed by US ISM manufacturing PMI, RBA Interest Rate Decision and Europe GDP tomorrow. Lets take a look at what […]

Trump who? We have a Vaccine!

A Biden Victory has the markets cheering. It seems it’s not only the majority of American’s but the markets the world over that are relieved to see Trump go. In addition Pfizer and BioNTech have reported positive results from 43,500 phase 3 trial tests. No safety issues have been reported thus far and the markets […]

US Presidential Debate – Markets shrug it off

It seems the new mute button implemented in this debate has had an effect on the markets as well. The US dollar index is holding onto overnight gains whilst the markets are remaining quite flat. On stimulus talks, President Tump and Biden, like two children in the headmasters office have pointed the finger at one […]

AUD/USD Struggles. Yuan’s deception.

Today we see the AUD/USD struggling to stay above .7200 as the bears claw their way out of hibernation. With not much data coming out and the US on a national holiday, we saw the Aussie retract. That and the growing coronavirus stimulus concern have got traders nervous. Throw China’s Trade Numbers into the mix […]

Australian GDP figures are in & the Aussie does’t like them

Australia has released it’s GDP figures for Q2, muchly anticipated after COVID-19 had dug it’s claws in. But how much of a bite did it take out of the economy? Well thanks to it’s resurgence in Victoria, it was a Great Australian Bites worth. Coming in at the largest recorded pct to date at -7.0% […]

EUR/USD Breaks the 1.20 Ceiling

The Euro rallies due to dollar weakness and breaks the psychological barrier of 1.20.  After the Federal Reserves dovish shift earlier this week, we have seen the dollar free-fall and other currencies rally. But none have rallied much like the most liquid pair, hitting level we haven’t seen since May 2018.   Although the sellers […]

The Bulls take the reins

The dollar weakens to to the Feds shift allowing for a rally in the EUR/USD. Currently hovering around 1.1933 it’s eyeing some resistance at 1.1965 with support seen at 1.1880.   But there is a busy week ahead. Non Farm Payroll week and with the Federal Reserve’s will wait and see how employment number and […]

Markets today-Dollar strengthens ahead of data. Others not so lucky

We are seeing a climb in the dollar ahead of the the Fed Powell’s speech. We have seen a drop in the Conference Board’s Consumer Confidence falling to 84.8 in August making for a sloth paced recovery. We are however seeing hopes for a Coronavirus vaccine grow momentum as Cambridge has been offered funding from […]

US Federal Reserve Minutes. What’s to come?

The Fed took a defiant step forward in the war against the coronavirus. At least financially, after intervening in March with the bank’s rate and loan program.However many are concerned that the Fed is not looking to far into the future when making its decisions. Although NFP came in better than expected, we still must […]