WEEKLY-3-226x201

Tier1FX Weekly

The weekly outlook will continue to be a blur ahead of Thursday’s Brexit referendum. Sterling liquidity continues to decrease with intra week implied volatility readings through the roof. Be careful placing orders in GBP pairs both ahead and after the vote as the slippage could very likely mimic what we saw happen with the SNB […]

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Fed on hold as expected – JPY pairs collapse after no action from the BoJ

Markets had been range trading ahead of the Federal Open Market Committee’s decision as there were doubts on how the recent terrible US unemployment report would affect the outlook in the US economy. With the decision to keep rates on hold and place quite a dovish statement with a few downgrades on growth and the […]

FTSE 100 UK index crash arrow going down stock exchange falling bear market concept.

Markets lower ahead of Central Bankers – FTSE taking out key support

Global stocks dipped for a third day in a row with drops in technology and Consumer Non-Cyclicals outweighing gains in Energy and Consumer cyclicals. There was no macro data of importance on Monday, so market players were positioning themselves for the FOMC on Wednesday as well as being alert to any news concerning the BREXIT […]

Bearish road sign

Markets in Negative Ahead of Key Week

Markets turned negative on Friday on back of increased uncertainty following new polls from the Brexit referendum showing a majority in favour of a leave. US markets fell with energy and financials taking the S&P 0.9% lower and not managing to close above trend resistance projected from the all-time highs. The USD rose across the […]

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S&P is flirting with trend resistance – EURUSD with engulfing patterns

On Thursday, European stocks lost for second day in a row and looks to end the week with a loss for the second week in a row. Especially Financial and Utilities have been under pressure. In the US, markets are also looking fragile, but the S&P is resilient and flirting with trend resistance projected from […]

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Weekly Marketscope

▸With US Payrolls showing a significant disappointment at 38K last week, we expect the major theme for the upcoming week is further talk of a June rate hike by the FED now being off the table. This should leave the currency markets with further drops in the US dollar, unless FED Chairman Yellen can convince […]

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Risk Constructive Ahead of Important US Job Report

Europe closed in mixed territory yesterday following a lower PPI and an ECB which turned out to be a non-event as expected. Strikes and flooding in mainland Europe also had an effect, leading to the DAX just managing to take home gains, whereas the CAC40 and FTSE100 lost ground. In the US, markets were bid, […]

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Risk in positive ahead of US GDP, Fed Chair Yellen

Equities were mixed and the US Dollar Index was sent lower for a second day in a row on Thursday on back of mixed signals from the US economy. Oil tested the $50/barrel, but got rejected and is currently back below $49. Fixed income yields fell across the board with emphasis on the US. Gold […]

Missing piece from a European jigsaw puzzle revealing the British flag

Will UK GDP take the GBP to 2016 highs?

Risk taking was decent on Wednesday in both the EU and the US, on back of positive German IFO figures as well as a rise in oil prices, which recently has proved to trigger positive equity markets. Energy and Basic Materials led the gains with Transocean (+9.65%) and Chesapeake Energy (+7.41%) leading the S&P500. The […]

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FOMC Hawks send Risky Assets on the Offer

US equities traded higher ahead of the FOMC, but was hammered following the minutes from the April meeting, which revealed a more hawkish tone than expected. This has reignited rate speculation that the Fed potentially will have a rate increase installed for the June meeting (against September), assuming that the US will continue show a […]