January 19, 2017
Morning all.. Wall St had a quiet and rather mixed session, finally closing up 0.18% in the S&P but marginally lower in the Dow. However Yellen suggesting a strong economy and more hikes saw the dollar rise and this seems to have installed confidence in Asian stocks, possibly as USDJPY bounced aggressively, which saw the… View Article
January 18, 2017
We’ve seen some respite in sterling pairs overnight and this morning following the large moves as a result of PM May’s speech. Yesterday’s sterling trade is seen as more of an extended short covering move after cable flirted with the $1.20 level at the beginning of the week. This morning’s earnings and claimant data from… View Article
January 18, 2017
Morning all.. Wall St closed down 0.3% as the dollar fell on the back of Trumps comments on the dollar yesterday but Asian stocks have held in with the Nikkei up 0.43% as the Dollar recovered somewhat, even against GBP. Having traded above 1.2415, Cable fell back to hit a low of 1.2328 and USDJPY… View Article
January 17, 2017
After finding strong support just below the $1.20 level yesterday, PM May’s Brexit speech has boosted cable, and pound sterling in general against its major counterparts. This follows her comments that a Parliamentary vote shall be used to rubber stamp the Brexit agreement with the EU. The dollar continues its sell off from the Asian… View Article
January 17, 2017
Morning all.. Wall St was closed yesterday but it was another weak session for Asia with the Nikkei down 1.48% and this took USDJPY down with it making a low of 113.26 so far. This seems to be a risk-off move in front of PM May’s speech today but GBP rallied as the dollar fell… View Article
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