SGM-FX insights

Sorry, come again?   Trouble throughout the Eurozone, the United States and the UK makes for interesting trading within the world’s most popularly traded currency pairs. Marked by a spike in the VIX, a volatility index traded on the Chicago Board of Options Exchange, which currently carries a 19 handle, price movements across the board […]

Sorry, come again?   Finally, things become a little clearer on the progress of the European Council Summit in Brussels. Or do they? One of the most popular reports emanating from the seismic event in the Belgian capital purports that German Chancellor, Angela Merkel, found British Prime Minister Theresa May’s speech so unsure and nervous […]

Summit’s Brewin’:   Following weak CPI inflation data this morning, Sterling faced an almost unrelenting headwind. Losing a value of almost 0.5% in the first 30 minutes of European trading against the Euro, the Pound found little footing from rumours seeping out of Brussels. Weak CPI data came as a surprise to traders and investors […]

Skiing season:   Sterling appears to have taken its winter break early, with a day in the moguls wreaking havoc on Sterling currency pairs throughout the market. EURGBP, the true barometer of Brexit and the pair that has best reflected the true value of the Pound throughout the past few months, displayed considerable volatility throughout […]

I’m ready for the question, Noel:   Dominic Raab’s last minute scramble over to Brussels this weekend left investors in great anticipation, perhaps even expectation, of a Brexit deal this week. Michel Barnier’s tweet yesterday afternoon undermined those expectations sending Sterling tumbling during the Asian open yesterday evening. The EU’s chief negotiator wrote: Sterling crashed […]

Foster’s Terror:     Yesterday’s Sterling market faced a headwind as investors realised they might have over stepped, in fact overpriced, the potential benefits of a post-Brexit trading arrangement at the European level. The value that markets have priced out during the course of yesterday and today reflect investors’ and traders’ concerns that getting a […]

Doomsday:     An unnecessarily intelligent man named Francis Fukuyama, in 1989, wrote an essay entitled “The End of History?”. In this essay, written in the twilight of the cold war, the American Political Scientist posited the hypothesis that perhaps, with democracy sweeping across the globe, history would be over. Striking a strong resemblance to […]

Barnier’s Brexit Boost:     The Rand has given back some of the strength it gained on the back of yesterday’s pivotal ministerial resignation. Succumbing to heavy Dollar purchasing, emerging market currencies traded down at the index level throughout the day. Sterling had the headline performance of the day, receiving a late-session boost once again, […]

A day of resignations:     The US Dollar and the Rand are being moved the most within FX markets, awakened by important resignations on their respective soils. In the United States of America, Nikki Haley, the US ambassador to the United Nations, has resigned representing yet another high-profile exit from Trump’s inner circle of […]

Baby Steps:   Brexit sentiment is waning this morning despite highly positive sentiment over the Brexit swarming markets on Friday. Italian risk continues to weigh upon markets, supporting GBPEUR around 1.1380; back below 0.880 in the more popularly traded EURGBP. This leaves the Pound bragging three-month highs over the Euro. The Dollar continues to dominate […]

Dutch Courage:   The Unilever’s back and so’s the Pound. Only months ago, the decision was announced to relocate the Unilever headquarters to the Netherlands, adding to the barrage of negative sentiment that weighed upon the Pound. However, in a surprise decision, the plan has been abandoned and a dual head-quarter arrangement will persevere. Likely […]

Unaccustomed Union:   The direction to markets today has been clear: Brexit is looking good and the Dollar’s rivals are back. With the Pound and the Euro both respectively seeing enormous bids on the back of Brexit progress, the Dollar has lost some of the traction that has made it the trade of 2018. The […]