Tag Archives: Brexit

31 Mar: US$ firmer after solid GDP revision. WTI higher. A busy session ahead. China Manufacturing PMI in focus

  Currencies are mixed on Thursday trade, with the dollar making some solid gains against the EU majors and the Yen, while Sterling is also generally firm, following on from the firing of the Brexit starting gun. Stocks and the metals are rangebound, while WTI is higher on hopes of extending the OPEC-led production cuts. In terms of… Read More »

29 Mar: US$, Stocks bounce back on strong US data. Article 50 to be triggered today, to formalise the UK/EU divorce.

  Both the US$ and stockmarkets have bounced on Tuesday, helped along by some firm data US data, which suggests that the economy is regaining some momentum after faltering at the start of the year. Elsewhere, in political developments and in yet another turnaround, the Republicans are now talking about working with the Democrats, and healthcare reform appears… Read More »

14 Mar: US$ rangebound, stocks sideways as focus looks towards the Fed. China RS/IP, German CPI, EU IP today

  The dollar has ended up mixed, within a fairly narrow range against the major counterparts, while stocks have slipped a little as traders jockey for position ahead of Wednesday’s FMC Meeting at which a rate hike is now pretty much fully written in. The main action in the currency markets was seen in Sterling, which showed some… Read More »

9 Feb: RBNZ Unchanged. Article 50 for Brexit triggered. Minor data day may mean another rangebound session.

   Markets were generally rather flat on Wednesday, with stocks stuck in their recent range, although the dollar reversed early gains after coming under pressure from a decline in U.S. Treasury yields as investors priced out a March rate hike by the Fed, amidst the uncertainty over Donald Trump’s economic policies. The main interest was in Gold, which… Read More »

Trade Idea: Buy GBPUSD

Trade Parameters: While the 4 hour charts hint at further short term weakness, the dailies remain constructive, so leaving some room on the downside to buy a dip does appear to be the plan. The 100 DMA and Daily Cloud base, both currently at around 1.2485 but falling fast (chart below), the rising daily Tenkan (1.2465) and the… Read More »