Market Commentaries

Global equity, FX and commodity markets reopened on Sunday evening after the Xmas and New Year holidays. The ongoing economic events that dominated markets in the US and EK and Europe; the Pandemic Relief Bill and Brexit are now over. Therefore, investors and traders will turn their attention back to fundamental and technical analysis combined […]

Sterling rose during Wednesday’s trading sessions as the UK parliament voted the Brexit agreement into law the day before the UK officially ends the transition trading period, which has insulated the UK from economic damage throughout 2020. From January 1 the UK will no longer be in the customs union and single market. The only

After the Xmas break, several market indices printed record highs before retreating in the first full day of financial trading after the Xmas break. The UK FTSE 100 was closed other than for futures trading on Monday, and investors made up the lost ground on Tuesday pushing the index to a nine-month high shortly after

The German DAX 30 index printed a record high during Monday’s trading sessions due to the Brexit deal getting ratified by the EU council members. The index closed 1.46% up at 1,375 and is up 2.96% year-to-date. In contrast, the UK FTSE 100 is down -14.50% year-to-date, despite enjoying a small relief rally during Monday’s

Because Boxing day fell on a Saturday, many countries are classing Monday 28 as a bank holiday; therefore, several trading markets will be closed. The equity markets in the UK, Canada, New Zealand and Australia will be closed. Markets in Germany, Italy and Japan will close on the last day of the year, while in

GBP pairs rose sharply during the New York trading session after rumours emerged that the UK and EU negotiating teams had finally (after 9 months) reached a compromise in their Brexit discussions. Analysts and traders are waiting for further detail of the 2,000-page agreement-document before confirming there’s a final deal to be signed preventing the

Despite market optimism that the Pandemic Relief Bill was finally inching closer to becoming law, the leading US equity markets struggled to maintain the bullish momentum built up over recent weeks. Although the NASDAQ 100 printed a new record high during the New York session, the DJIA 30 traded down -0.67% and the SPX 500

Futures markets sold off sharply once markets opened on Sunday evening, early Monday morning. The cause of the broad-based sell-off was various. The UK had revealed a new variant and strain of the Covid virus earlier in the previous week. The country then announced Tier 4 restrictions on Sunday, resulting in its former EU partners

The UK pound is likely to come under intense scrutiny during the week leading up to the Xmas holidays. On Saturday, December 19, the UK prime minister announced that a vast area of the UK would enter a tier 4 system: the harshest Coronavirus lockdown criteria. London and the surrounding counties are now under legal

The main equity markets in the USA rose for the second day in series on Thursday to reach record highs in anticipation of the Pandemic Relief Bill finally getting approved. The USA is not experiencing any form of unified coronavirus lockdown, it varies state by state. But to all intents it’s business as usual in