Have started the week in a positive frame of mind with the Dow recording a record high and its best performance since last September, oil firm with WTI at $64.04 and USD strong and unchanged.
In the Beginning… (Genesis) or Beresheet in Hebrew
The Israeli Beresheet moon mission ran into trouble resulting in a 300 mph “hard landing” on the Mare Serenitatis on the surface of the moon. Mission over this time but Israel has pledged to try again.
Never mind Arnie and “I’ll be back”. This is Aaron and he will be back!
SGM-FX’s Shekel desk are standing by when the Israelis shell out for the next spaceship with USD/ILS presently trading at 3.58….
Londoners in particular but visitors to the South East also will take comfort from the news that there are now 3 cases for the opening of the line as opposed to a news vacuum on the launch of the long awaited service as we wrote last month. Best case is that it opens in a year in Spring 2020; middle case is for Summer 2020 and worst case is Spring 2021. Great to see that there is now some accountability on the timing for this the largest infrastructure project in Europe. 17 minutes from Paddington to Canary Wharf means no more excuses for being late at your SGM-FX desk, Richard!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Click Here to Subscribe to the SGM-FX Newsletter
Related Insights
Daily Brief – A return to ‘sell America?’
Charles Porter
Thu 15 Jan 2026
A return to ‘sell America?’ The combination of (geo)political risks mounting up in the US have invited episodes of ‘sell America’ in recent sessions. This is a theme that dominated early in 2025 during Trump’s upheaval of the global terms of trade via a manipulation of tariffs. ‘Sell America’ is the trading outcome characterised by […]
Daily Brief – Sterling slides
Charles Porter
Thu 18 Dec 2025
Sterling slides Sterling took a leg lower ahead of the European open yesterday. Despite some tentative signs of recovery, GBP was still unable to claw back losses incurred during yesterday’s session. Before we cover the cause and implications of yesterday’s stumble amongst GBP crosses, let’s look at why the Pound was set up for a […]
Daily Brief – Powell in the spotlight
Charles Porter
Tue 13 Jan 2026
Powell in the spotlight The market has not taken the prospective prosecution of Fed Chair Jay Powell lightly. Before European markets had opened yesterday, Asian markets had been churning with news that the Federal Reserve Chairman was facing prosecution from the Department of Justice. That headline was seen as the latest escalation in a series […]
