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With no clear way out of the Brexit labyrinth in sight, sterling struggled out of bed on Thursday, while the European indices nudged higher despite the overnight fears surrounding the global economy....
AUDUSD The Aussie fell heavily on Wednesday, closing at 0.7089(-47 pips) against the greenback. The Aussie were dragged lower due to the dovish commentary from the neighboring New Zealand’s...
As was widely expected, the series of indicative votes has failed to find a clear majority for an alternative Brexit path to May’s current deal but that’s not to say the exercise was a...
Daily FX Market Roundup March 27, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset ManagementWith no major economic reports released in the last 48 hours, FX traders have been yanked...
The USD/MXN is another EM currency pair we are monitoring after we identified bullish characteristics on the USD/INR and USD/CNH previously. The USD/MXN’s temporary break of its bullish trend...
Speaker of the House, John Bercow has announced that there will be 8 options for the indicative votes this evening as Parliament seeks to take control of the Brexit process.The stand-out omission is...
Global equities traded mixed overnight as investors deal with some disappointing economic signals this month, along with a plethora of central banks decisively turning towards accommodation, shying...
EURUSD The Euro weakened and closed lower on Tuesday, closing at 1.1274(-39 pips) against the greenback. The most traded pair trimmed lower on Tuesday, despite the dollar, and in general safe-haven...
Stating that the next OCR direction is likely to be down, RBNZ crunched their way out of neutral gear whilst NZD bulls burned rubber and headed for the exit.Summary of the March statement: The...
Over 1,000 days after the UK narrowly voted to leave the European Union, it’s still not remotely clear how the new relationship will look, who is in charge…and even whether the UK will...
Sterling longs spy another short-lived opportunityMonday’s late-night parliamentary drama buoyed the pound to as high as $1.3261, its best since last Wednesday with a more than one-week top...
An interview with Jacob Rees-Mogg appeared to be responsible for the pound perking up on Wednesday morning. The ERG chair said that it is ‘very, very difficult’ to see the UK leaving the...
After the UK Parliament took control of Brexit on Monday, the pound sterling stabilised at around USD 1.32, showing that all options remain on the table.Investors are buying short-term protection...
House of Commons takes Brexit controlThe latest twist in the Brexit saga has seen the UK parliament vote in favour of giving themselves greater input into the process of leaving the EU with a series...
Tuesday March 26: Five things the markets are talking aboutGlobal equities have rallied overnight after two session of losses as the U.S 10-year Treasury yields backed away from this year’s low...