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Will the ECB show a different hand?

Five things the markets are talking about Nope, not really and that’s the majorities viewpoint. Businesses as usual as Euro policy makers are waiting for more data. However, many believe Euro officials may signal such a move is on the cards at the bank’s September 8th meeting. Expect Draghi to be questioned about Brexit and […]

Sterling Marches Higher For Now

Five things the markets are talking about Capital markets are on the move despite the waiting game for monetary policy direction from Tier I central banks over the next few weeks (ECB tomorrow). In yesterday’s session, the Dow ended slightly above its record high close for the sixth consecutive day, but the Nasdaq and S&P […]

Ireland Hits Brexit Alarm

The prime minister is under pressure, economists are slashing growth forecasts and companies are warning of Brexit’s dire consequences. London? No, Dublin. The intertwining of trade and finance means no other country is feeling the fallout from the U.K.’s vote to leave the European Union more than Ireland. In the year the Irish marked the […]

5 Observations On The BoE Decision

On Thursday July 14, the Bank of England (BoE) announcement saw eight MPC members voting for a ‘no’ change in U.K monetary policy, while clearly signalling their intention to provide more stimulus next month having warned in advance of the June 23 vote that economic growth would likely slow in that event. Those aside, there […]

Pound Made of Sterling Stuff

The dominant theme for this week is “risk-on” and this despite today’s session, so far, trading in a subdued range after another terrorist attack on French soil last night. With investors willing to apply more risk, funds have flow out of fixed income and into stocks, pushing global indices to record new record high prints, […]

Top trade idea for July 15th, 2016 – GBP/USD

“The trend is your friend.” It’s one of the market’s great old sayings and this is exactly the kind of situation it refers to. After a massive decline, the Pound has begun to rally. At this stage, my presumption is that this is a corrective rally. As such its likely to present an opportunity to […]

Stocks Hit Eight-Month Highs Ahead Of BoE

World shares hit an eight-month high on Thursday as the Bank of England prepared to deliver its Brexit defense plan, a move investors believe could set off another round of global central bank- and government-led stimulus. Talk of more action from Japan had lifted sentiment ahead of a BoE policy statement, and European markets opened […]

What’s The BoE To Do?

The Bank of England (BoE) is expected to cut its benchmark interest rate to a new record low (+0.25%) tomorrow, or at the very least send a strong message to the market that a cut is imminent now that the U.K electorate has voted to leave the EU. BoE’s Governor Carney has been front and […]

Pound Jumps On May

Risk on sentiment continues to thrive across the various asset classes. For a second consecutive session, political clarity and stronger fundamentals are temporarily providing the market with support. There has been no letup from the euphoria of a very strong June non-farm payroll print from last week, while political risks in the U.K, Japan, and […]

APAC Currency Corner -Goldilocks and the 3 Central Banks

Non-Farm Payroll- Just What the Doctor Ordered A market-friendly NFP is just what the Dr (Yellen) ordered, and the economy delivered. While the US equity market response is encouraging, it is important not to factor too much into one single monthly report. Certainly, more data is needed to confirm that the dismal May jobs report […]

Brexit Bloodbath Intensifies

Five things the markets are talking about The theme thus far, in this holiday shortened trading week, has been all about risk aversion. Investors it seems prefer to proceed with caution, egged on by the Bank of England’s (BoE) negative indictment of the U.K economy after the historic Brexit vote. Risk assets have been taking […]

APAC Currency Corner – The Pound Pounded

Investor sentiment soured over the July 4 long weekend.” Just when you thought it was safe to go back in the water”, the Pound got pounded as speculation around Brexit forms into something more concrete. Aside from the market noise and price swing fluctuations, for the greater part, the market continues to take huge upticks […]

The Pounds Relief Rally is Officially Over

Five things the markets are talking about Post Brexit jitters this morning has returned to hurt the pound, putting an end to last week’s relief rally, and push sterling to a new two-and-a-half year low against the EUR. Today’s instigators are the news of Standard Life Investments suspending trading in a large U.K. commercial real-estate […]

Month End Demand Trumps Brexit Woes

Five things the markets are talking about Both month-end and quarter-end portfolio rebalancing demands are expected to temporarily gloss over some of the ills that last week’s shock Brexit vote would bring to capital markets. Global equities have caught a bid into month end, sovereign yields have backed upped a tad, commodity prices are making […]

Brexit Relief Rally Continues Despite Tough Talk

Five things the markets are talking about The Brexit “bad” seems to be temporarily put on hold as market participants question whether a new financial crisis is about to take a firm global grip. Former Fed chair Ben Bernanke seems to think that is quite “unlikely at this point,” but believes that the biggest current […]

Cameron Heads to The Last Supper

U.K. Prime Minister David Cameron is set to face his fellow European Union leaders for the first time since triggering a political earthquake that’s shaken the bloc’s foundations. Back in London, the race to succeed him is heating up. Cameron will endure an awkward dinner with his EU cohorts Tuesday after his effort to calm […]

Brexit Buries Sterling to New Low

Five things the markets are talking about The U.K vote to leave the EU will obviously dominate the summits of European heads of government and global central bankers this week. Beginning today, central bankers gather for at a three-day meet in Portugal. What many may have considered a boring topic “The Future of the International […]

UK Chooses Sovereignty in Shock Referendum Result

It’s been a truly historic night for the U.K as it appears that the people have voted to leave the E.U. after a number of news channels confirmed that a win for remain is all but impossible. This comes after financial markets were convinced that the result would be a comfortable win for the remain […]

APAC Currency Corner – Another financial meltdown on the cards?

Post-Brexit vote, the debate has centred on whether it will be the catalyst for another Lehman Brothers-style meltdown. While there’s a lot of dust still to settle, central bankers are ready and willing to use whatever tools necessary to calm investor’s nerves and avoid a global meltdown. While markets were extremely volatile on Friday, trading was […]

UK Voters Take Country Back- Now what?

It’s not official, but statistically called by all major pundits, U.K has voted to change the course of their own country and leave the European Union (52% Leave, 48% Remain). Their decision has sent the pound into free-fall (£1.3400), back to its 1985 levels outright and is battering global equity markets (Asia is down-3%). Investors […]

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