SGM-FX insights

  Di Maio My:   Italy held its general election on the 4th March 2018, with a new and unstable government emerging in the subsequent weeks, populated by the dominant Five Star Movement and The League parties. The teachings of the new coalition were of fiscal profligacy, spending their way out of what they saw […]

Take the Victory!   Fed wobbles, stocks stabilise, and we start from square one once again. President Trump has launch yet another attack at Jerome Powell’s Federal Reserve Bank for its observably hawkish approach to US monetary policy. The reserve bank will meet tomorrow to decide whether to raise its domestic interest rates for the […]

Mumma Mia!     This What a week -and before you think I am referring to Theresa May’s shuttle around firstly the UK to sell her Brexit deal and then Europe to sell her Brexit deal (a theme is developing here) I am, but only in part as much else has been happening in Europe […]

Buying’s Over:   This afternoon’s European Central Bank meeting briefly took attention away from the European Council Summit in Brussels today. In its last monetary policy statement of the year the European monetary authority confirmed that net asset purchases would end, as planned, ahead of 2019. To the detriment of the Euro, ECB President Draghi […]

Santa Claus is coming to Pound:   Yesterday afternoon’s pessimism surrounding the capacity for Theresa May to negotiate any concessions or adjustments in Europe faded into concerns hinting towards the twilight of her premiership itself, the Pound took a tumble. The New York session saw an uncharacteristically large 0.35% wiped off of the value of […]

MAYDAY:   The stubborn and perseverant Theresa May has travelled to the Netherlands today in order to meet the Dutch Prime Minister and Brexit ally, Mark Rutte. Thought to have continually supported the United Kingdom and the Prime Minister within the European Council throughout the Brexit process, May was looking to foster support ahead of […]

All right me old China?   According to the early morning Tweet of the 45th President of the USA today, the Sino-US trade talks are all going very well. Equity Markets have taken that at face value and not only arrested the declines of the past few days but also staged a recovery in European […]

Wakey Wakey!!   Markets have kicked into life today, with US equity indices tumbling from their elevated perch. Falling by approximately 2% across the board, the sell off across the Atlantic has left a risk-off feel within markets, with investors flocking to safety. From the two graphs below, investors’ concerns can be clearly seen. The […]

Brexit or No Brexit?   By the look of the dichotomous questions spreading across the globe, the first casualty of ITV’s I’m a Celebrity, Noel Edmonds, may have headed to Brussels. At the European market open this morning, the Pound Sterling rallied, gaining as much as 0.35% throughout the morning. The news that propelled the […]

The Big Four:   Riots across Paris this weekend by protect group gilets jaunes have wrought havoc across the city, seeing an emergency meeting called by the French President Emanuel Macron upon his return from the G20 Summit in Argentina. Despite not being significant enough in order to move the currency adopted by some 340m+ […]

Back to the Future:   The last trading day in November reflects a calmer end to a frenetic week both economically and politically and nowhere more so than in the UK where news headlines have been dominated by Westminster and Brussels rather than IACGMOH and hot favourite Harry Redknapp.   However, for those who think […]

Powell’s Put:     Jay Powell, Chair of the Federal Reserve in the United States, has reignited the debate of monetary policy within the world’s dominant currency. The US Dollar has faced a considerable headwind following the speech by the Reserve bank chief. The Dollar has given back ground to an appreciating Euro, with EURUSD […]