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 […]

Forex Update: North America Open

The dollar has softened, and cyclical currencies have firmed as the MSCI Asia-Pacific equity index rallied over 1% to its highest level since its inception in 1987. Japan’s Nikkei 225, which has been an investor favourite in the ‘great rotation’ into cyclical stocks, resumed its outperformance, rallying over 2% to a new best since 1991. […]

13 November North America Close

The Dollar was modestly lower in N.Y. trade on Friday, resulting in the DXY falling from lows of 92.91 to 92.75 in early afternoon. Major Dollar pairings were largely held to narrow trading bands, but risk-on conditions weighed fairly broadly on the safe-haven Greenback. Wall Street rallied, with markets holding out hope for a Covid […]

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 […]

Mixed announcements bring dollar down

Higher Jobless Claims in the US overshadowed any increased hope of the Democrat in the US House of Reps $2.2 trillion coronavirus relief being voted in. The US Federal Reserve also came out with mixed messages on inflation and employment which had the markets spinning.   After a tough run this week the AUD/US has […]

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 […]

Buyers and Sellers

There has been some interesting movements with some of the majors in recent weeks as well as gold, silver and now oil. The dollar has gone from zero to hero even after worse than expected job figures. Many clients are confused and asking “what do we make of this?” Well the answer is, let’s play […]

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 […]

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 […]