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 […]

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 […]

Seal peligro Unemployment

US job report disappoints miserably – what’s next Yellen?

The US May Job report came out with mixed signals, but the market focused on the extremely weak NFP figure, coming out only at 38k vs. consensus at around 150k. The US Dollar index tumbled 1.6% on Friday with EURUSD down 1.9% and USDJPY 2.2%. Equities in the US closed in negative, despite the weak […]

Global money map. World map made of money coins

Asia in Negative Despite Strong AU GDP. Manufacturing in Focus today

Stock markets in the US finished on a mixed note with the S&P and the DOW in minus, whilst the Nasdaq managed to take home a 0.3% gain. The US Dollar continued overall on the bid and has shown a solid performance in May on back of re-ignited rate speculation, taking the US Dollar Index […]

Roadsign of higher interest rates ahead against blue sky

Yellen Hints US Rate Hike Within the Near Term

Market volatility was in general nothing to cheer for last week as most markets were in “wait-and-see” mode ahead of Friday’s speech by Fed Chair Yellen. According to the Fed Chair, it would be “appropriate” to increase the interest rate should we see continuity in the pickup of US macroeconomic indicators. Markets have increased the […]

Dollar, euro, pound, yen signpost

JPY Bid on Strong Japanese GDP. FOMC Minutes in Focus Today

Despite upbeat figures from the US economy on Tuesday, markets closed in negative with leading indexes down around 1% (S&P -0.9%, Dow -1%, Nasdaq -1.3%). Fixed income yields were bought on back of renewed rate speculation in the US sending the US Dollar on the bid as we had anticipated. US Housing Starts, CPI and […]

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Weak NFP Sends US Rate Hike Off The Table

On Friday, the US April labour market report revealed a very weak growth in the nonfarm payrolls which initially sent the USD lower, but the Greenback reversed gains and ended more or less flat against most majors. The weak report has made most analysts believe that we only will see one rate hike this year […]

Bulle und Br

USD Takes a Beating as Markets Scaling Back US Rate Hike Expectations

Risk aversion has been dominating the scene following the announcement from the BoJ that no immediate stimulus would be introduced. Upbeat European sentiment indicators yesterday overshadowed negative Spanish CPI, but was not enough to offset the negative surprise in the US GDP for the first quarter 2016 sending US yields and the US dollar lower. […]

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Markets Neutral on FOMC Minutes – USDJPY Tanks

Most markets were trading sideways ahead of the FOMC minutes yesterday as investors were looking for further clues with regard to the monetary policy in the US, but this revealed nothing new. Emphasis on external risks were mentioned and while some members have been voicing a rate hike in April, this would be a big […]