July 19th 2016: Aussie Slips Back on Policy Notes

Morning Report: 07.30 London This morning, the Australian dollar is the big mover to the downside after the release of monetary policy meeting minutes from the RBA. Analysts have focused on the dovish implications from the release, causing widespread selling of the Aussie, with the AUD/JPY and AUD/USD down by over 1%. The NZD/USD is […]

July 18th: Dollar Pairs Bounce Back

Morning Report: 07.00 London After heavy selling pressure on Friday, the dollar pairs are on the front foot this morning. Major pairs such as the EUR/USD have gapped higher this morning as the week starts with new optimism. There is a general sense of optimism as we start the week. The USD/JPY is on the […]

July 15th 2016: BoE Shocks By Doing Nothing

Morning Report: 07.45 London As leaders assess the human impact of the devastating Nice terror attacks last night, markets appear to have compartmentalised the incident. The euro itself is rallying and there does not appear to be a wider risk-off move as a result of the attack. Francois Hollande was about to downgrade France’s alert […]

July 14th 2016: Bank of England Eyes Historic Cut

Morning Report: 07.00 London This morning, the British pound is on the front foot despite the strong potential for an interest rate cut today. Markets are pricing in a 75% chance of a reduction from 0.5% to 0.25% today, but some analysts think the MPC could go further. No increase in QE are expected in […]

July 13th 2016: Tensions in South China Sea

Morning Report: 07.00 London This morning, the Japanese yen is on the rise after a court ruling in favour of the Philippines regarding the sovereignty of islands across the region. The ruling creates uncertainty with regard to China’s reaction as it now faces a humiliating climb down. The USD/JPY is trading lower along with other yen […]

July 12th 2016: Markets Rally on Wave of Optimism

Morning Report: 07.00 London This morning, world markets are on the rise after a wave of optimism sparked by the anointing of Theresa May as British Prime Minister and renewed faith in the US economy. The US dollar is on the back foot this morning as investors seek our riskier assets. The yen pairs are […]

July 11th 2016: Japan Provides Election Stability

Morning Report: 07.00 London This morning, the Japanese yen is under performing after an overwhelming election victory for Shinzo Abe’s party. The news has provided confidence for Asian markets, reducing demand for the safe-haven yen. The yen pairs are all trading higher, led by the GBP/JPY. The dollar pairs are generally mixed, with the bulk […]

July 8th 2016: US On Stable Ground

Morning Report: 07.00 London This morning, world markets are stable after reassuring a set of economic figures from the US last night. The US dollar is down slightly this morning, but the USD/JPY is continuing its downside trajectory. Both the euro and the pound are pushing higher against the dollar as the risk-off pressure eases. The […]

July 7th 2016: Aussie Rallies on Political Resolution

Morning Report: 07.00 London This morning, the Australian dollar is performing well as the country heads back towards political certainty as a government lead by Malcolm Turnbull. The AUD/ USD is on the rise. Elsewhere, the British pound is performing better, largely as a result of investors getting used to the new reality of Brexit. […]

July 6th 2016: Carney Triggers Carnage

Morning Report: 06.30 London This morning, the pound remains low after hitting a 31-day low against the US dollar yesterday. The main catalyst was a speech by Mark Carney who warned that the risks of Brexit were beginning to crystallise. He pointed to adjustments in commercial real estate as investors take fright and rush to […]