The FTSE100 rallied higher this morning gaining 1% along with other european markets, after being supported by decent results from both DCC (DCC.L) and Taylor Wimpey (TW.L), both shares jumped off of the back of positive statements. DCC (DCC.L), the international sales, marketing, distribution and business support services group was up more than 6 percent […]
This morning, markets have continued their election rally, a move that may be an apparent endorsement of Trump, or simply relief that the uncertainty is over (at least the choice of who). The US dollar index is on the rise, while the USD/JPY continues to out perform. Meanwhile, dollar pairs are on the back foot […]
This morning, the US dollar is set for another sell-off, principally sparked by the complete uncertainty over the US election result. Not even the prospect of a rate hike in December can lift the dollar at the moment. The USD/JPY is following the dollar lower, pushing other yen pairs in the same direction. Meanwhile, the […]
Oct 18th 2016: US Data Takes a Dip This morning, the Dollar index is on the back foot after US data disappointed yesterday. Empire State, capacity utilisation and industrial production all came in below expectations. The USD/JPY is following a similar path, with gains made this morning. The Australian and New Zealand dollars are stretching […]
BoE Shocks By Doing Nothing Morning Report: 07.00 London • As leaders assess the human impact of the devastating Nice terror attacks last night, markets appear to have compartmentalised the incident. The euro itself is rallying and there does not appear to be a wider risk-off move as a result of the attack. Francois Hollande […]
Bank of England Eyes Historic Cut Morning Report: 07.00 London• This morning, the British pound is on the front foot despite the strong potential for an interest rate cut today. Markets are pricing in a 75% chance of a reduction from 0.5% to 0.25% today, but some analysts think the MPC could go further. No increase […]
Markets Rally on Wave of Optimism Morning Report: 07.00 London• This morning, world markets are on the rise after a wave of optimism sparked by the anointing of Theresa May as British Prime Minister and renewed faith in the US economy. The US dollar is on the back foot this morning as investors seek our […]
Japan Provides Election Stability Morning Report: 07.00 London• This morning, the Japanese yen is under performing after an overwhelming election victory for Shinzo Abe’s party. The news has provided confidence for Asian markets, reducing demand for the safe-haven yen. The yen pairs are all trading higher, led by the GBP/JPY. […]
US On Stable Ground Morning Report: 07.00 London• This morning, world markets are stable after a reassuring set of economic figures from the US last night. The US dollar is down slightly this morning, but the USD/JPY is continuing its downside trajectory. […]
Aussie Rallies on Political Resolution Morning Report: 07.00 London• This morning, the Australian dollar is performing well as the country heads back towards political certainty as a government under the leadership of Malcolm Turnbull. The AUD/USD is on the rise. […]
Carney Triggers Carnage Morning Report: 07.00 London• This morning, the pound remains low after hitting a 31-day low against the US dollar yesterday. The main catalyst was a speech by Mark Carney who warned that the risks of Brexit were beginning to crystallise. He pointed to adjustments in commercial real estate as investors take fright […]
Aussie Feels Pressure of Election Wobble Morning Report: 07.00 London• Market confidence has hit a slight wobble this morning as the Australian political impasse rolls on. Worse, retail sales and trade balance came in much lower than expected. The Aussie and New Zealand dollar are both topping the losers list this morning, with the AUD/JPY […]
Markets Quiet as Osborne Lays Out 5 Point Plan Morning Report: 07.00 London• Markets are thankfully quiet this morning after a weekend of relative calm from the UK. The Conservative government looks to be settling into a leadership contest, while chancellor Osborne outlines his 5 point post Brexit plan which includes cutting corporation tax to […]
Markets Retreat Into Their Shell Morning Report: 07.00 London• After a positive response yesterday, markets have retreated back into their shell, with ‘risk-off’ currencies in favour. The British pound is on the back foot, but so far holding the gains made yesterday. This comes after David Cameron’s speech in Europe last night which pointed to […]
Pound Rallies After Second Wave of Turmoil Morning Report: 07.00 London• We’re seeing a repeat of Monday morning so far, but let us hope the rest of the day does not follow suit. The pound suffered follow on selling as the day progressed yesterday after a promising start, but so far today, markets appear calmer. […]
Political Uncertainty Sparks Follow On Selling Morning Report: 07.00 London• After an historic day on Friday, world markets are bracing themselves for a fresh round of volatility. Following the Brexit result, world markets are having to content with a Tory leadership contest, the prospect of Scotland leading the UK and a Labour party in complete […]
Pound Plunges to 30 Year Low as UK Votes Brexit Morning Report: 07.00 London• The UK has defied opinion polls and is projected to formally vote for to leave the European Union. In a re-run of the general election, pollsters appear to have underestimated the voting power of the older generation who were far more […]
Pound Wobbles on Polling Day Morning Report: 07.00 London• Well after months of (negative) campaigning on both sides, the UK’s EU referendum finally goes to the polling stations. Polls still have remain firmly in the lead, but this morning we’re seeing an early pound wobble, so markets are clearly recognising that the result is far […]
Strong UK Data Underlines Pound Stability Morning Report: 07.00 London• This morning, as Britain enters the final day of EU referendum campaigning, the pound is showing signs of stability. The GBP/USD is holding Monday’s gains, while the EUR/GBP holds at the lows. The move has been helped by yesterday’s better than expected public sector net borrowing […]
Markets Stable as Vote Day Looms Morning Report: 06.30 London• This morning, financial markets are stable after yesterday’s surge in sentiment back towards the ‘remain’ vote in polling. The US dollar index is stable after heavy selling yesterday. • By contrast the yen pairs are on the […]
Pound Soars On Brexit Poll Hopes Morning Report: 06.30 London • This morning the British pound is rallying and undoing much of the losses incurred over the last two weeks. The move has been sparked by an apparent resurgence in ‘remain’ votes in this week’s EU referendum. The likes of the GBP/JPY, GBP/JPY and EUR/GBP […]
Risk Appetite Returns Morning Report: 06.30 London • Risk appetite returned yesterday across markets, but pressure still remains. US data was mixed, but manufacturing appears to be stabilising, helping the US dollar to reverse some of yesterday’s losses. • The Japanese yen saw a big […]
Yen Surges as BoJ Holds Morning Report: 06.30 London • This morning, the Japanese yen is surging after opting to keep its policy rates and more importantly stimulus plans on hold. The move has been a shot in the arm for an already over-strong yen. The move has hit the yen pairs hard, with most […]
Pound Stable After Global Volatility Morning Report: 06.30 London • This morning, the pound is on a firmer footing after setting off a wave of global volatility this week. Equities across the world have dipped, with the FTSE 100 falling by 2% yesterday. […]
Pound Feels Polling Pressure Morning Report: 06.30 London • This morning, the British pound is once again a poor performer as more polls point to a tighter EU referendum result. Sterling is down across the board, especially compared to the Japanese yen which continues to pick up safe haven momentum. […]
Pound Gaps Lower As Brexit Becomes Possible Morning Report: 06.30 London • This morning, the British pound has opening with a gap lower as Brexit opinion polls show an ever narrowing public opinion. A ‘leave’ outcome has moved from being unlikely to being a possibility, at least going by the polls. The betting markets are […]
Pounds Levels after Brexit Scare Morning Report: 06.30 London • This morning, the pound is on the rise after two days of selling sparked by referendum polls on EU membership narrowing. The EUR/GBP looks set for another day of gains, though. […]
Market Eyes US GDP Morning Report: 06.30 London • Markets are relatively quiet this morning as traders assess the consequence of oil prices breaking (and falling back from) $50 yesterday. Adding to the caution, we have US GDP data to contend with later. The US dollar is quiet so far, with the USD/JPY also making […]
Oil Prices Test $50 Morning Report: 06.30 London • This morning, the dollar index is reversing, as pressure from oil prices push the Greenback lower. Oil prices tested $50 yesterday. • The USD/JPY continues to […]
Gold to hit $100? Morning Report: 06.30 London • This morning, the US dollar is on the back foot after the dollar index closed at its highest levels for over two months last night. The USD/JPY is following suit and tucking back so far this morning. […]
