October 28, 2016
We’ve had data from the Eurozone this morning with all but one of the sentiment indicators coming in better than predicted. Reaction off this news was muted with sterling taking the lead in FX markets. This followed a ruling in Northern Ireland that rejected challenges against the Brexit route; hence one of the major barriers… View Article
October 28, 2016
Morning all.. Wall St closed down 0.3% even as oil gained and after the close we saw some disappointing earnings from Amazon that took the shares down 9% at one point..Range-bound G10 FX session overnight with all currencies in ~20bp ranges compared to LDN close yesterday. NZD the relative outperformer in G10 as it pushed… View Article
October 27, 2016
UK GDP came out better than expected on both a YoY and MoM basis. The immediate reaction in sterling was mixed, with cable reversing its initial gains within 30 minutes. The overall sentiment on sterling remains a sell, amplified by the UK trade minister’s comments that banks will likely lose their passporting rights following Brexit…. View Article
October 27, 2016
Morning all.. Wall St closed marginally lower as oil weighed again even after a draw-down in inventories. Asia has been mixed with the Nikkei closing down 0.34%. Relatively quiet session with no key events and moves well contained: all G10 FX remained in ~20bp ranges compared to LDN close yesterday. NZ trade deficit the main… View Article
October 26, 2016
26/10/2016 (12:24pm) – A beat on the UK mortgage approvals data strengthened the upside in sterling following Mark Carney’s comments yesterday. This follows cable reaching its flash crash lows at the 1.2080 handle. The dollar index has fallen 0.1% today, extending losses from its 7 month peak reached yesterday. Aussie has seen gains of 0.6… View Article
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