TAG GBP

Oil Lower on Saudi Diplomacy and Supply Concerns

Oil is lower on Monday after an eventful weekend that has the energy markets full of uncertainty. After public condemnation on the investigation of a missing journalist Saudi Arabia has launched a threat of retaliation using their oil supply. Tempers flared within the Kingdom and some comments have been walked back by more official sources.…

READ MORE 

Saudi 5-year CDS jump to 11-month high

The cost of insuring exposure to Saudi Arabia’s sovereign debt jumped to the highest level in 11 months on Monday after the kingdom faced increasing international pressure over missing journalist Jamal Khashoggi. Saudi Arabia’s 5-year credit default swaps rose to 100 basis points after closing at 89 basis points on Friday, according to data from…

READ MORE 

Geopolitical risks and yields dominate proceedings

Monday October 15: Five things the markets are talking about Following a weekend of warnings on global economic fragility from G10 finance leaders at an IMF meeting in Bali, has global equities starting this new week on the back foot, with regional bourses in Asia and Europe seeing red, while U.S equity futures are pointing…

READ MORE 

Pound suffers on Brexit stalemate

  Pound pressured at start of the week Weekend news that the latest Brexit negotiations had hit yet another stalemate pressured the pound at this week’s open. UK’s Financial Times reported that PM May is said to call the current draft Brexit deal a “non-starter” and as a result EU leaders may cancel plans for…

READ MORE 

US Retail Sales to Support Dollar


The US dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend. Strong US data and a clear interest rate hike path…

READ MORE 

Friday’s relief rally in full swing

Friday October 12: Five things the markets are talking about Volatility, in particular, for equities, has notched aggressively higher this week, now that sovereign bond yields are beginning to price out cheap money. Stronger than expected U.S economic data and weak European underlying inflation in key countries is being blamed as the specific trigger for…

READ MORE 

Dollar Lower on Weak Inflation OANDA Market Beat Podcast

OANDA Senior Market Analyst Alfonso Esparza reviews the major upcoming market news, macro analysis and economic indicator releases that will impact currencies, stocks other asset classes. Subscription available on iTunes https://goo.gl/TZEWRW and GooglePlay https://goo.gl/cRBk39. Tune in every Tuesday and don’t miss a beat as we cover the hottest trends impacting the markets in the week…

READ MORE