SGM-FX insights

Pocket Money   Last night, after 21 hours of negotiations, the German government secured an agreement on the next phase of fiscal spending. The measures announced range from more pocket money for children to a climate change fund orientated towards digitisation and electric cars. The one big thing missing was an incentive for the purchase of […]

The Phoenix and The Fool: a guide to EURUSD.   As the Euro approaches a 7 week high I thought it important to qualify the recent rally in the single currency. It is surging across the board largely due to the integration measures that it is being seen to be considering. With Germany and France […]

Delivery Hero   German online takeaway food company Delivery Hero reported almost double delivery orders and revenues in their Quarterly report. This Berlin based company is a good example of what the future for diners and shoppers will likely look like post Lock Down as they already have a well developed electronic sales platform which […]

How to cure Coronavirus   Taking lead from the US House of Representatives, Italy, China, and now the IMF, apparently the cure to Coronavirus is to print a ton of money. In fact, more; much more! Ten tons of $100 bills is worth approximately a billion dollars. That means the IMF’s pledge of $50bn for […]

Prada   Fashionistas keenly anticipating the Prada Resort Japan fashion show on 21 May are set for disappointment. While Japan remains a key market for Prada the Milan based company has postponed the show due to the Coronavirus outbreak. Watch out for news of concerns regarding the potential impact on the mega Japan event for […]

Eurovision   Resistance, support, reversal and jargon. Is pretty much what you’ll receive if you try and research the Euro’s sell-off since December 2019. If you try and read a forecast about what is going to happen to the Euro from here you’ll find even more nonsense. Here’s the truth of the matter:   The […]

How Low Can Ya Go?!   Despite its relative adolescence on the global stage the Euro is a big player. Largely due to its incompleteness it hasn’t achieved the status of a reserve currency and doesn’t play a huge role as an underwriter of trade in goods and services outside of its own member states […]

Eurozone Sentiment   Not just a feeling but an index compiled from key services and industry and consumers by the European Commission in yesterday’s November release shows better sentiment well actually less negative sentiment in most cases, across the board. This is against the backdrop of almost flat-either small negative or positive- economic growth across […]

Super Mario   Finally running out of Mushrooms, Super Mario has delivered his last speech as President of the European Central Bank. I’m sure there were other jokes afforded by the potential to assimilate the Italian central banker’s name within a popular Nintendo character and game but, with an underwhelming appetite for video games, I’ll […]

Greece   They may have lost their (Elgin) marbles, but Greece is clearly doing something right: with their economy due to grow by 2.8% next year, they have joined the elite group of countries that are able to issue government debt at negative interest rates. Yes! Greece is able to charge storage for investor money! […]

Sagging   Of the $6.6tn daily foreign exchange market, trading across the two leviathans, EUR and USD, takes the lion’s share. In normal times then, the sheer weight of demand and supply behind both of these two major currencies makes the EURUSD pair relatively flat. However, when presented with a big enough reason, the value […]

Windfall or the Economics of the Madhouse   To most of us including the Cambridge English Dictionary a windfall is an amount of money that you win or receive unexpectedly. The managers of Eurozone economics view a windfall as being money that they have saved due to lower global interest rates. Now this may seem […]