Market Overview

UK Services Purchasing Manager Index is a market mover, especially when the market is eager to see the climate after Brexit, and considering PMI’s are leading indicators, we should see good...

AU RBA Interest Rate Decision today is likely a no surprise as central bank officials are expected to keep rates unchanged. In the highly unlikely event of a surprise, we should see violent market...

US ISM Manufacturing PMI are back to be scheduled in the same week with Nonfarm Payroll Report, therefore if we get a strong surprise, we could see sustained market trend following the release all the...

UK Manufacturing PMI has the potential of changing short-term GBP trend but with Brexit already triggered since last week, market’s reaction will be very important to gauge sentiment. At any...

It’s the first day of the new quarter and there are a number of key themes that need to play out through the month and quarter. Economic data and politics (notably U.S. and France) will dominate...

Monday April 3: Five things the markets are talking aboutGlobal stocks and the “mighty” dollar are starting Q2 on a positive note despite investor caution ahead of the first...

Today’s Main Market MoversAs we enter into the second quarter of 2017 Asian markets overcame a negative lead from US indices on Friday. Today, global indices are higher, supported by encouraging...

EUR/AUDToday’s support: - 1.3995, 1.3971 and 1.3944 (main), where correction is possible. Break would give 1.3922, where correction also may be. Then follows 1.3908. Break of the latter would...

The forex markets opened the week relatively quietly with the exception of Australian Dollar. Aussie dives broadly after weak retail sales data and stays weak ahead of RBA rate decision. Meanwhile,...

Consumer confidence is booming in America.Well, let me clarify… A peek at the chart of the official Consumer Sentiment Index paints a picture of booming confidence. But charts can sometimes be...

USD/JPY has been heading south after the March rate hike. Will non-farm payroll push USD/JPY back above 112?Less hawkish Fed statement last month, diminishing hopes on Trump’s economy boosting...

Market movers today Today, ISM manufacturing for March is due out in the US. ISM manufacturing has soared over the past couple of months, emphasising that there is progress in manufacturing. In the...

Reflation has been the big theme since November and the driver of most financial markets. However, we believe some of the engines fuelling reflation are set to lose steam over the next three months....

Clients remain bullish on the Scandies, both vs EUR and USDClients stick to their newly adopted USD-bearish view SEK and NOK will appreciate on the back of a le Pen victory A majority of our clients...