November 12, 2024 at 11:21AM Fundamental Overview The puzzling weakness in the US Dollar following Trump’s victory looks more and more like it was just a “sell the fact” reaction. The greenback is now back in the driving seat, and we might also be seeing some pre-positioning into a potentially…
November 11, 2024 at 08:25PM Goldman Sachs sees scope for continued GBP outperformance on the crosses, supported by a strong global risk environment, the BoE’s gradual rate-cut approach, and a favorable UK growth outlook relative to Europe. These factors, combined with resilience to geopolitical risks, suggest GBP strength particularly against…
November 11, 2024 at 03:00PM The USD is higher in trading today as the Trump trade continues. HIgher USD. Higher stocks. Bonds we don’t know as the bond market is closed for Veterans Day today. Gold is lower but bitcoin in higher. In this video, I take a look at…
November 07, 2024 at 10:55PM UBS analysts (at UBS Global Wealth Management) says GBP will be a beneficiary of the Bank of England only cutting rates gradually. cautious Bank of England will support sterling sees GBP/USD higher in the months ahead UBS remarks after the Bank of England cut its…
November 06, 2024 at 10:07PM Analysts at MUFG say sterling is less vulnerable to tariffs than the currencies of other G10 countries. They cite the predominance of UK services and exports to the US over goods. On the Bank of England later today: expect a rate cut GBP could benefit…
November 05, 2024 at 04:52PM The US election day will keep the markets on edge, but technically, the process should be followed. The price action and the tools will help to define the the bias, define the risk and define the targets.. In this video, I take a look at…
November 05, 2024 at 02:02AM MUFG note conflicting influences on GBP: slower pace of interest-rate cuts by the Bank of England should support, by keeping rates higher for longer relative to other major economies But: loss of investor confidence in the Labour government’s fiscal consolidation plan could pose a downward…
November 04, 2024 at 02:14PM The USD is lower to start the trading week (helped by the Pres. Polls over the weekend). The moves in the 3 major currency pairs did move to corresponding technical targets and stalled. EURUSD: For the EURUSD, it move up to test the 50% midpoint…
November 01, 2024 at 01:17PM The US jobs report has come and gone, with hurricanes and strikes influencing the number. You can find out the details HERE. What has happened technically. In the video above, I outline the key technical levels in play for the EURUSD, USDJPY and GBPUSD and…
Overview Today’s market movements reflect a complex interplay of political developments, economic indicators, and sector performance. Notably, the UK financial landscape is under scrutiny following the Labour Party’s first budget in 15 years, leading to significant shifts in bond yields and currency valuations. UK Economic Developments A spokesperson for Labour…
