Currency

Monday was another positive day for Sterling which made further ground on all of its major counterparts, as the markets were still taking in Donald Trump’s inauguration and his decision to sign a bill that formally withdraws the US from the Trans-Pacific partnership trade deal. In what could be a sign of the upcoming future […]

Gold is known as the symbol of power since the industrial revolution and the development in global trade.  People trade gold for different purposes and the gold prices hold a privileged place in the nature of the economy. In fact, you can envision how strong the economy is from the price of gold. This precious […]

Most of the focus on Friday was on the lead up to Donald Trump’s inauguration, and soon after, the Greenback lost a bit of strength as risk appetite soured across the board. With the Federal Reserve announcing that the US is close to full employment, they may be looking ahead to unwind the Fed balance […]

The U.S. dollar climbed over 1.5% versus the Yen right after the FBI stated that they will be sticking by the conclusions of the original probe in July. It was expected for the dollar to strengthen with Clinton’s victory and weaken with Trump’s. Trump has promised to tear up existing U.S. trade agreements and was […]

The EUR/USD was able to maintain its bullishness last week. There is a Bullish Confirmation Pattern in the 4-hour chart, and price is currently testing the resistance line at 1.0700. The resistance line would be broken to the upside this week as price targets another resistance lines at 1.0750 and 1.0800. EUR/USD: The EUR/USD was […]

Pound experiences another solid day It was another solid day for the pound yesterday off the back of Theresa May’s speech earlier in the week and the European Central Bank’s decision to keep their monetary policy unchanged. The pound hit a two-week high against the euro, in what could be a sign of what’s to […]

It was another steady day for Sterling, as markets continued to interpret Theresa May’s speech from Tuesday. The Prime Minister gave the currency a much needed boost, stating that unless the UK and EU were able to negotiate a civil divorce package, then Britain would go it alone and leave the single market. Sterling has […]

Yesterday, Theresa May delivered a speech to outline details of the government’s plan for Brexit. The shape of the plan is built around 12 principles for a clean Brexit and included a call for the UK to leave the single market, avoid the EU’s immigration rules and being subject to the European court of justice. […]

Today, Theresa May will attempt to calm fears of Sterling’s volatility, stating she wants a global UK. Lancaster House is the venue for investors to keep a keen eye on proceedings. Theresa May will be looking to state a ‘clean’ Brexit and seek trading agreements not only with the EU, but other surrounding national counter-parties. […]

Reflecting off of the two main market movers currently, Brexit and the US presidential election, we saw a much more risk adverse week last week in line with some steady Sterling negativity. The recent headlines and comments from the UK has increased concerns over the UK’s Brexit strategy while we head into negotiations with the […]