SGM-FX insights

Our Daily Brief provides insights into the news and views driving today’s foreign currency exchange rates.

Morning Brief – Bears

Morning Brief – Bears

SGM-FX Thu 12 Mar 2020

Bears   Last night’s price action was tumultuous. Asian and US trading sessions are normally characterised by widespread, sluggish price moves and limited volume. It’s unsurprising given that some 80% of foreign exchange sales and trading takes place in Europe and the lion’s share of that in London. However, when serious geopolitical or economic events […]

Morning Brief – Exactly One Month to the end of the Tax Year

Morning Brief – Exactly One Month to the end of the Tax Year

SGM-FX Fri 6 Mar 2020

Exactly One Month to the end of the Tax Year   Those seeking to plan their personal and corporate affairs as they traditionally do each March are faced with more challenges than usual. Here in the UK, there is new government with a sufficiently large majority to push through more controversial positive and negative measures […]

Morning Brief – How to cure Coronavirus

Morning Brief – How to cure Coronavirus

SGM-FX Thu 5 Mar 2020

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 […]

Morning Brief – Markets Maelstrom

Morning Brief – Markets Maelstrom

SGM-FX Wed 4 Mar 2020

Markets Maelstrom   News early on in the day yesterday that Central Banks were ready to inject a stimulus by way of more liquidity and to create still easier monetary conditions to combat the economic effects of Coronavirus cheered stock and oil markets further. Then statements from the G7 in the morning and the pre-emptive […]

Morning Brief – Loose footing

Morning Brief – Loose footing

SGM-FX Tue 3 Mar 2020

Loose footing   Equity markets have been a good barometer of the risk associated with the Coronavirus. Thanks to numerous developed markets and indices being ‘late-cycle’ they are proving to be particularly sensitive to exogenous risk; more valuable in my opinion than many purpose-built indices. In the UK yesterday, the FTSE100 kicked off to a […]

Morning Brief – Markets: Enough already?

Morning Brief – Markets: Enough already?

SGM-FX Mon 2 Mar 2020

Markets: Enough already?   Last week the FTSE fell 823 points or 11.1% in line with other global stock markets which collectively saw $6 Trillion wiped off stocks. Oil is now just $50.60. Here in the UK c8000 people have been tested for Coronavirus and all but about 35 have tested negative. Globally the mortality […]

Morning Brief – UK House Sellers

Morning Brief – UK House Sellers

SGM-FX Fri 28 Feb 2020

UK House Sellers   For those readers who remember the 1980’s, you will recall that the most loathed symbol of Young Urban Professionals or Yuppies was the estate agent who zipped around in a flash (red) company motor with a mobile phone the size of a brick clamped to his ear. With the advent of […]

Morning Brief – Cool, but how?

Morning Brief – Cool, but how?

SGM-FX Thu 27 Feb 2020

Cool, but how?   If you want the simplest of summaries to yesterday’s budget speech in South Africa then read no further than the title. Tito Mboweni mostly said the right things as he laid the budget before the nation yesterday. The one thing he missed out was how!? What the review promised was more parsimonious […]

Morning Brief – Shrove Tuesday yesterday which means today is Ash Wednesday and the start of Lent

Morning Brief – Shrove Tuesday yesterday which means today is Ash Wednesday and the start of Lent

SGM-FX Wed 26 Feb 2020

Shrove Tuesday yesterday which means today is Ash Wednesday and the start of Lent   For the next 40 days until Easter Sunday, many will be observing some form of abstinence regime out of either religious or another conviction. Some SGM-FX team members are vying with each other to give up something: Charles(smoking) Euan(alcohol) and […]

Morning Brief – Decoupling

Morning Brief – Decoupling

SGM-FX Tue 25 Feb 2020

Decoupling   Over the weekend (apparently), we learnt who the king and queen of Winter love island ‘19/‘20 would be. I can only tell you their names by googling it. So I won’t pretend to be a fountain of knowledge on the subject and allow you to make your own searches. One thing I can […]

Morning Brief – The Furious One

Morning Brief – The Furious One

SGM-FX Mon 24 Feb 2020

The Furious One   Hats off to Tyson Fury for his epic victory on Saturday night. Quite a record this 206cm 115 kilo fighter has: 31 fights, 30 wins, 21 KOs. Sgm-FX’s (almost as) tall body builder and keep fit enthusiast Euan was up into the small hours cheering him on!     Blue Is […]

Morning Brief – Airlines

Morning Brief – Airlines

SGM-FX Fri 21 Feb 2020

Airlines   Unsurprisingly Qantas and Air France-KLM both issued announcements of their profitability taking a pounding (no pun) yesterday. Airline management would, in their own minds at least, be considered derelict in their duties, if they did not take the opportunity to blame a lack of profitability on Coronavirus. However, it is worth injecting some […]

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