On TipTV discussing EUR/USD, GBP/USD & Gold post FOMC
In my latest appearance on the TipTV I had the pleasure of discussing the fallout from last night’s FOMC meeting with regular hosts Zak Mir and the venerable Bill Hubard. The FOMC raised rates by 25...
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Volatility in oil once more likely to drive sentiment
Market Overview It certainly does seem as though market sentiment continues to be driven by whether the oil price is in decline or not. Yesterday’s rebound on Wall Street may be viewed as the makings...
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Safe haven plays are stronger on the first trading day of 2016
Market Overview Anyone thinking it would be a quiet first trading day of the year would have been woken up with a quick slap to the face as a series of key market event have already driven sharp moves...
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Safe haven flows could continue this week
KEY DRIVERS The bearish pressure sweeping through markets at the start of the year does not bode well for risk appetite as a swathe of safe haven positioning takes hold. Is it anything new for markets...
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Geopolitical tensions and China disappointment hits risk appetite
Market Overview The bad news continues to flood the markets to dampen risk appetite amidst rising geopolitical tensions and more disappointment for the Chinese economy. To add to the diplomatic...
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As risk appetite improves, Non-farm Payrolls add to volatility
Market Overview Whisper it quietly, but risk sentiment has improved overnight. There has been no definitive reason, however there has been a series of factors that can be attributable. Authorities in...
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Markets remain bound to oil and China for direction
KEY DRIVERS Market volatility remains high as sentiment remains bound the the prospects of the oil price and China. The key drivers of a terrible first week (primarily the decline in the oil price and...
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Brent oil dips below $30 with market sentiment again pressured
Market Overview Sentiment took a turn for the worse yesterday as once more a decline on the price of oil below $30 on the Brent Crude market for the first time in 12 years. This has meant that market...
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Safe haven trades positive as oil falls back again
Market Overview Market sentiment is wary moving into the final day of the week, with safe haven flows again back in force as the oil price has fallen back lower overnight. Having looked to be bouncing...
View ArticleLook out for China growth data as the bears seize control
The degree of fear in the market is becoming a huge issue as the massive flight into safe haven assets continues in the early weeks of 2016. The new year may only be a few weeks old but already...
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China GDP reassures markets to improve sentiment
Market Overview The Chinese economic data overnight will be the key driver of risk appetite, at least in the early part of today’s session. China GDP data was in line with expectations, on 6.8% for Q4...
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China is still the news driver for the markets
KEY DRIVERS January has been a fearful month for the markets as traders have flooded out of risk assets to find a safe harbour to ride out the storm. Markets have become increasingly concerned with...
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Trading sentiment takes another leg lower as oil slides again
Market Overview For the want of sounding like a broken record, but trading sentiment has taken another sharp leg lower overnight, once more driven by a slide in oil. The move has come as a minor...
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Sentiment improves as oil rallies sharply
Market Overview Is this the big turnaround and can it be trusted? That is the question traders will be asking themselves this morning. What was the trigger? Was it Mario Draghi seemingly promising more...
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Oil continues to derive market direction
Market Overview Can we trust a market recovery that is built on a continued short covering rally in the oil price and yet more jawboning from the ECB? The answer could come today as early strength from...
View ArticleThe short covering oil rally is key for market sentiment
We ended last week with some significant improvement in market sentiment. Whilst not to be unexpected dovish comments from the European Central Bank’s President Mario Draghi certainly had a...
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Sharp decline on oil again impacting sentiment
Market Overview The recovery of risk appetite seems to be over almost before it had begun as once more the movement in the price of oil is driving general market sentiment. After 9% gains on oil on...
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Watch oil and the FOMC for direction this week
KEY DRIVERS Trading sentiment remains on a knife edge as volatility in the oil price throws markets around and safe haven flows fluctuate even on an intraday basis. The nervousness surrounding the...
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Oil still driving markets but the FOMC is also key
Market Overview The turnaround in market sentiment as the oil price rallied yesterday was incredible. The suggestion for potential production limits both within OPEC and outside caused the oil price to...
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FOMC uncertainty does little for market direction
Market Overview In the wake of the uncertainty in last night’s FOMC statement, we are no closer to knowing whether a March rate hike is on the cards or not and does little for market direction. The...
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