20161017 - front2

Equities Lower for Second Week in a Row – focus on China, ECB this week

Despite a positive close on Friday in equities on Friday on back of positive earnings from the financial sector, US main indices closed for the second week in a row in negative territory. The US Dollar index (DXY) rose for a second week in a row in highest levels since March this year, while fixed […]

20161012 - front

GBP Recovers on PM May comments, US in focus on FOMC tonight

Good morning, Asian markets followed European and US markets lower with especially Basic Materials and Financials down almost 2% on a sector level. Samsung hit headlines as the company announced it would completely stop selling the Galaxy Note 7 smartphone because of the problem with the battery. Oil fell 1.1% to 50.79 on Tuesday after […]

20161011 - front

Risky Assets in the Green, but GBP Continues on the Offer

Monday was a relatively quiet day in the financial markets with little new data released. Market players did not take significantly note of the 2nd US Presidential Debate, but the Mexican Peso gapped higher on speculation that the republican candidate, Donald Trump, is losing voters which stands to benefit Mexico. Stock markets were on the […]

20161007 - front

“Flash Crash” in Sterling triggers new 31-year lows – US Job report main data today

The British Pound has been under pressure throughout the week following the “hard Brexit”-deadline that the UK will trigger article 50 of the Lisbon Treaty before end of March 2017, given by the British PM, Theresa May, on Sunday. The night going into Friday, the Pound plunged more than 5% from 1.26 to 1.19 in […]

20161005 - front

Rumours of ECB tapering sends the Euro soaring – EURGBP in 5-year highs.

Markets were mixed on Tuesday with a lot of action on the FX scene. The British Pound took another beating, sending GBPUSD to new 31-year lows and Bloomberg reported that the ECB likely are to chance the monetary policy, initiating a tapering of assets, which sent the Euro on the bid in the middle of […]

20161004 - front

GBPUSD in new 31-year lows

The first day of Q4 was a red day for most of the developed stock markets, despite an increase in oil prices. The S&P and Dow Jones fell 0.3% with Utilities and Financials leading the losses.  Strong US data triggered buying of US yields, sending the US Dollar higher and risk off. Despite a disappointment […]

20161003 - front

Sterling Gaps Lower on May – Payrolls key this week

Markets closed in green on Friday on back of an increase in oil prices as well as positive figures from the US. Chicago PMI surprised to the upside and Consumer Sentiment from the University of Michigan was revised higher for the month of September. The S&P closed up 0.8% while Dow Jones took home 0.9%. […]

20160929 - front

Oil 5% higher triggers rally in equities – USD lower ahead of US Q2 GDP

Markets closed in green on Wednesday across the developed markets on back of a 5% surge in oil prices following an OPEC deal to cut the output of oil with up to 2.2% per day. In FX, oil-related currencies, such as the CAD and the NOK, enjoyed the deal as well as oil-related shares, which […]

20160927 - front

MXN bid on US Presidential Debate, EU Banks tumble

 Good morning, Developed markets fell on Monday with Europe down around 2% (DAX -2.2%, CAC40 -1.8%, FTSEMIB -1.6, IBEX -1.3%) while the UK managed to steer clear of the losses with the FTSE100 up 0.02%. The US Dollar fell 0.2% along with US stocks, where the S&P500 and Dow Jones both lost 0.9% with financials […]

20160926 - front

Markets Sideways to Lower Ahead of First US Presidential Debate

 Good morning, Following the FOMC and BoJ last week, US markets have been on the soft side with negative weekly closes, while global stocks according the MSCI World Index, closed in positive for the first week in three. The US Dollar index was more or less unchanged with Commonwealth currencies on the offer and with […]