Daily Market Analysis

post-image

Daily Market Comment – Oil soars after Saudi attacks; yen and gold up too

Posted on September 16, 2019 at 8:21 am GMT

Oil prices skyrocket after Yemen rebels launch air strikes on Saudi oil facilities Safe havens also jump as poor Chinese data adds to risk-off mood Pound eases from highs after EU casts doubt on Johnson’s claim of Brexit progress Oil prices surge to 4-month high after Saudi oil attacks Crude oil prices skyrocketed on Monday, recording their biggest intra-day gain since 1991 after Houthi rebels in Yemen reportedly carried out drone and cruise missile strikes on two major Saudi Arabian [..]

post-image

Daily Market Comment – ‘Super Mario’ delivers, but not enough to keep euro down

Posted on September 13, 2019 at 8:26 am GMT

ECB cuts rates & restarts QE, but Draghi’s hints that monetary policy is at its limits push euro higher Stocks soar, havens drop on reports of an ‘interim’ US-China trade deal US retail sales today may be crucial for whether Fed delivers a ‘hawkish rate cut’ next week Euro rides the ECB rollercoaster, ends higher The European Central Bank (ECB) meeting was not short of excitement, with policymakers slashing the deposit rate by 10 basis points to -0.50% and restarting [..]

post-image

Daily Market Comment – ECB meeting front and center as trade worries ease

Posted on September 12, 2019 at 8:36 am GMT

ECB decision today – euro reaction to hinge on size of stimulus package Trade fears recede after US and China extend olive branches – stocks soar Oil prices dive as Trump considers easing Iran sanctions ECB meeting: Is ‘Super Mario’ coming with a bazooka or a toy gun? The much-anticipated ECB meeting concludes today at 11:45 GMT, and a press conference by President Mario Draghi will follow at 12:30 GMT. Policymakers are widely expected to deliver a blend of stimulus [..]

post-image

Daily Market Comment – Yen in distress amid trade optimism and BoJ easing talk

Posted on September 11, 2019 at 8:28 am GMT

Trade optimism remains the dominant theme, keeping FX market in a risk-on mood Yen underperforms on speculation of BoJ easing next week Oil retreats after Trump fires hawkish national security advisor Bolton Markets stay in a risk-on mood as trade optimism lingers The FX market continues to dance to a ‘risk-on’ tune, with moves in recent days being characterized by haven currencies such as the yen retreating, while trade-sensitive currencies like the aussie and the kiwi recover lost ground. Investors [..]

post-image

Daily Market Comment – Pound recovers as no-deal Brexit fears recede, for now

Posted on September 10, 2019 at 8:45 am GMT

Sterling outperforms as Johnson strikes a slightly more conciliatory tone Euro advances on reports Berlin is considering fiscal stimulus Safe havens retreat as US’ Mnuchin reiterates his optimism on trade Sterling cruises higher as no-deal Brexit chances recede, for now The political rollercoaster continues in the UK. Prime Minister Johnson lost another vote in Parliament yesterday, with lawmakers denying his request for a snap election again. Likewise, the legislation forcing the government to ask for a Brexit extension if no [..]

post-image

Daily Market Comment – Brexit the only game in town as markets wait for ECB

Posted on September 9, 2019 at 9:19 am GMT

All eyes on the UK as Boris takes another shot at securing a snap election Dollar little changed after NFP and Powell don’t move the needle – ECB in focus Markets stay in risk-on mood despite soft Chinese trade data Pound cools before another UK Parliament battle Never a dull moment in British politics. After a stormy week that saw the government lose its majority and suffer multiple Brexit defeats in Parliament, investors will keep their gaze locked on another [..]

post-image

Daily Market Comment – Dollar lifted by upbeat US data; Powell and NFP report coming up next

Posted on September 6, 2019 at 8:25 am GMT

US dollar trims losses after string of upbeat data ease slowdown fears in the US Powell speech and US jobs report awaited for further clues Pound holds onto gains as Johnson battles to trigger a snap election Risk appetite recovers further on strong US data The week looks set to end on a positive tone as the mid-week rebound in risk appetite received an additional boost from robust economic indicators out of the United States yesterday. The US scored a [..]

post-image

Daily Market Comment – Risk assets recover as Brexit and trade worries ease

Posted on September 5, 2019 at 8:33 am GMT

Risk appetite returns as trade and geopolitical tensions subside overnight Pound bounces back as no-deal Brexit averted for now; elections could follow US and China agree to hold trade talks in October; global stocks surge Markets cheer ebb in trade and political tensions Traders were greeted with positive developments on all fronts on Thursday as the United States and China finally agreed on the basis for a new round of high-level talks, while the easing of political turmoil in Britain [..]

post-image

Daily Market Comment – Brexit turmoil deepens but pound steadies on weaker dollar

Posted on September 4, 2019 at 8:29 am GMT

PM Johnson calls for snap election after MPs approve to hold vote on blocking a no-deal Brexit Dollar slips after US manufacturing unexpectedly contracts in August, sending bond yields lower Loonie eases from lows as Bank of Canada decision is awaited Johnson eyes elections after losing majority UK Prime Minister Boris Johnson suffered a humiliating defeat in Parliament on Tuesday after 21 of his own MPs voted in favour of a cross-party bill that paves the way for a vote [..]

post-image

Daily Market Comment – Sterling crashes as UK’s Johnson tries to thwart bid to stop no-deal Brexit

Posted on September 3, 2019 at 8:16 am GMT

Pound dips below $1.20 as PM Johnson threatens to call an election if MPs try to block a no-deal Brexit Chinese yuan extends slide as US-China trade talks in doubt Aussie bounces back after RBA decision; GDP eyed next UK MPs fight to stop no-deal Brexit British lawmakers will today vote on whether to take control of the Parliamentary agenda in order to force a vote on Wednesday on extending the Brexit date beyond the October 31 deadline by three [..]

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.