T1 weekly overview

Weekly Overview – USD on the retreat

▸USD fell across the board on back of disappointing US data (weak housing starts, building permits overshadows decent industrial production) along with concerns over US politics, which we expect will continue to weigh heavy on the USD. Markets have starting to eye a potential dovish Fed on the June meeting. ▸US stocks are lower for […]

T1 weekly overview

Weekly Overview – VIX Touching Lowest Levels Since 1993

▸EUR-pairs experienced initial gains on the backdrop of the French elections, but the “buy rumour, sell fact” sent the European common currency on the offer along with European equities in the beginning of the week. Trend resistance in EURUSD still intact. ▸The Greenback gained overall last week, but disappointing inflation figures and retail sales coupled […]

T1 weekly overview

Weekly Overview – Markets Lower Post French Elections

US labour market report for April came out stronger than expected with NFP at 211k, and unemployment fell to 4.4% vs. 4.6% expected. Following the weak March report, the US economy is once again showing a healthy development and back above the yearly NFP average at 186k. French elections showing a landslide win to Macron […]

T1 weekly overview

Weekly Overview – RISK ON! (but for how long?)

Trading was relatively subdued last week awaiting the outcome of the French election and once again, politics took centre stage in the markets. In the UK, the British Pound rallied to highest levels since October last year on the surprise announcement by UK PM May, that an election will be held on June 8th 2017 […]

20161230

Happy New Year

See you all in 2017. Regards, Tier1FX

20161121 - PIIGS spreads

PIIGS Credit Spreads ticking higher. Draghi in focus on Monday

US stock markets closed for the second week in positive on back of positive retail sales and housing starts, but dipped lower ahead of the weekend with healthcare and consumer non-cyclicals leading the losses. A positive move in oil prices took energy-related shares higher, but not enough to turn the overall indices positive. Europe close […]

20161107 - front

December Fed Rate Increase on Track Despite Weak NFP – US Election Coming up

Last week finished on a bad note on the backdrops of election jitters and a US October employment report, which disappointed the market slightly. Equity markets closed in negative with the MSCI World down 1.8% last week. US equity markets on Friday saw a 0.2% drop in both the Dow Jones as well as the […]

20161104 - front

GBP higher on Court Ruling, BoE – US October Job Report in Focus today

Good morning, In the aftermath of the uneventful FOMC on Wednesday, stock markets took another leg lower. The MSCO World index, which measures global equity performance amongst 23 developed markets, down for the 8th day in a row and closed below trend support from 2016 lows yesterday. In Europe, only the Spanish IBEX kept in […]

20160311 - front

FOMC Unchanged as Expected – BoE Expected on Same Path. GBP Rise on UK Court Ruling

Global equities fell for the seventh day in a row and USD-pairs took another leg lower on Wednesday ahead of the FOMC on continuous US election jitters and disappointing ADP data, suggesting that US employment is softening. Gold broke back above 1,300 as investors fled to safe haven and due to a massive build in […]

20161031 - front

US Q3 Growth Solid – Central Banks in Focus this week

Good morning, Global markets suffered on Friday and ended the week in negative despite a better than expected first print of the Q3 growth from the United States. A drop in consumer sentiment from the Uni of Michigan coupled with news that the FBI will review additional mails from Democratic presidential candidate Hilary Clinton sent […]