Morning Roll Call

The weekly economic calendar events begins with an extremely busy day on Monday June 3rd, as the latest Caixan manufacturing PMI for China is published in the Asian session; the Reuters forecast is for a reading of 50, right on the line separating contraction from expansion. Analysts will monitor this level carefully, for any signs […]

The U.K. pound continued its slide during Thursday’s trading sessions, as the chaos and confusion surrounding the current Tory government, continued to gather pace. After yet another candidate announced their intention to run for the job of leader, once Theresa May leaves the position in the second week of June, a former leader of the

After opening in positive territory, the key USA equity indices sold off sharply towards the end of the trading session, as China fears (once again) came to the fore, after several day’s respite, whilst Trump was on tour in Japan. The SPX index whipsawed in a wide range, oscillating between initial bullish and later bearish

Volatility and liquidity were lower in the FX markets during Monday’s trading sessions, as the U.K. and USA enjoyed one day public holidays and no high impact calendar events were published. President Trump also took the weekend off from his usual activity, of threatening various countries’ economies via social media. Instead, he concentrated his efforts

Forex and equity market trading will be thin at the start of the week, as Monday is a bank holiday in the U.K. and the USA recognises Memorial Day; a federal holiday in the United States, for remembering and honouring people who have died while serving in the United States Armed Forces. The holiday is

European and USA market sentiment reversed during Thursday afternoon’s New York trading session, following on from Chinese equity markets selling off sharply, during Thursday morning’s Asian trading session. The slump over the past twenty four hours, in global equity markets, wasn’t necessarily related to any social media narrative published by the Trump administration, or defensive

The U.K. pound rose marginally in early evening versus its peers, as a consequence of political rumours prime minister May was scheduled to immediately resign, after her revised withdrawal agreement (WA) spectacularly backfired on Tuesday. Perhaps, after being caught short on Tuesday, after a revised WA agenda offering a referendum proved to be a largely

The U.K. prime minister delivered a speech, offering up a new withdrawal agreement (WA) to Parliament, on Tuesday. A speech in which she promised various improvements, to get the deal through the House of Commons by way of a vote, in the first week on June. The most surprising element of the revised offer, involved

GBP/USD traded in a tight range, near to the daily pivot point, during Monday’s trading sessions, as FX analysts and traders attempted to price in both the latest Brexit issues and Tory government chaos. At 20:30pm U.K. time GBP/USD traded at 1.272, up 0.05% on the day. Trading down -1.89% monthly, the major pair often

The weekly economic calendar events begins early Monday morning during the Asian session, with the publication of the latest Japanese GDP figures, Reuters expect the key metric to come in at -0.1% for the first quarter of 2019, resulting in a year on year annualised QoQ fall to -0.2%, from 1.9%. Business spending is forecast