SGM-FX insights

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

Morning Brief – All eyes on Oil Price Today

Morning Brief – All eyes on Oil Price Today

SGM-FX Mon 16 Sep 2019

All eyes on Oil Price Today   The market is expected to send WTI oil up by $5-10 in the wake of the Houthi rebels disrupting Saudi oil supplies amounting to approximately 5% of global oil supplies. What is rattling traders more is the US assertion that the attack in the early hours of Saturday […]

Morning Brief – European Central Bank stimulus

Morning Brief – European Central Bank stimulus

SGM-FX Fri 13 Sep 2019

European Central Bank stimulus   As expected a fresh stimulus package was approved by the ECB yesterday which saw the deposit rate cut to -0.5% and the restart of EUR 20 Billion bond purchases per month starting November and with no announced end date. Analysts are still sifting through the tea leaves of outgoing Governor […]

Morning Brief – How much?!

Morning Brief – How much?!

SGM-FX Thu 12 Sep 2019

How much?!   Outside my window in Johannesburg there is an electronic billboard that, when not tempting me with the nation’s latest trendy tipple, displays an advert claiming South Africa’s best savings rate. On a 60-month fixed term the investment promises returns in excess of 13%. I haven’t been fortunate enough to catch the fine […]

Morning Brief – WeWork: Nice work if you can get it- they can’t as it turns out…

Morning Brief – WeWork: Nice work if you can get it- they can’t as it turns out…

SGM-FX Wed 11 Sep 2019

WeWork: Nice work if you can get it- they can’t as it turns out…   Goldman Sachs had previously advised a pre IPO valuation of $65Billion for the trendy hipster office sharing business. Smaller businesses have been struggling to find office space in all major cities worldwide as WeWork have relentlessly mopped up multi occupancy […]

Morning Brief – Volfefe

Morning Brief – Volfefe

SGM-FX Tue 10 Sep 2019

Volfefe   The President of the United States of America needn’t exercise all of his 280-character quota (including spaces) to upset financial markets. In fact deploying the full arsenal of a tweet might be too crass for the reserved and presidential billionaire. However, his contentious Twitter account “@realDonaldTrump” moves interest rate; currency and equity markets […]

Morning Brief – Markets, GBP and Brexit

Morning Brief – Markets, GBP and Brexit

SGM-FX Mon 9 Sep 2019

Markets, GBP and Brexit   So much to write about so many different aspects of the political maelstrom in which UK plc is currently being buffeted, but in the end it comes down to just three potential outcomes:  1. NoDeal Exit. 2. Exit with a Deal. 3. No Exit.  Such is the frustration caused by […]

Morning Brief – GBP

Morning Brief – GBP

SGM-FX Fri 6 Sep 2019

GBP   This week unkind wags have renamed the Great British Pound the Great British Peso in a reference to the gyrations of GBP which are more akin to an emerging market currency than a mainstream one. Those of us with longer memories view the current 1-2 cent moves on the day with less trepidation, […]

Morning Brief – Mirror, Mirror on the Wall

Morning Brief – Mirror, Mirror on the Wall

SGM-FX Thu 5 Sep 2019

Mirror, Mirror on the Wall   Headlines in newspapers and on television screens have been captured by two phenomena in recent weeks. They’ve scrambled to simultaneously grapple with the chaos unfolding within the UK’s exit from the European Union and the protests in Hong Kong. Yesterday, both took a huge leap. The direction of that […]

Morning Brief – Seeing the wood from the trees

Morning Brief – Seeing the wood from the trees

SGM-FX Wed 4 Sep 2019

Seeing the wood from the trees   Outside the European Central Bank in Frankfurt stands an artificial tree named “Gravity and Growth.” The tree stands almost 60 feet tall and is made of brass and granite, all the leaves are in the wrong place and there’s a heavy ball on the top bearing down on […]

Morning Brief – Is this a test?

Morning Brief – Is this a test?

SGM-FX Tue 3 Sep 2019

Is this a test?   2016; 2017; 2019. These three years have now all seen cable (nickname for currency pair GBPUSD) test its post-referendum low. Building a hyper price-sensitive area around the 1.20 mark, the pair has flirted with this low five times in these three years. This time, the direct risks levied against the […]

Morning Brief – Gold Bugs

Morning Brief – Gold Bugs

SGM-FX Mon 2 Sep 2019

Gold Bugs   Just before you conclude that post Brexit, Trumpian civilisation as we know it has had it, and you disappear to a remote cave armed with bottled water, tinned food and a torch, you might want to consider including some gold in your equipment. Much excitement among analysts and gold bugs this week […]

Morning Brief – US-China Trade War

Morning Brief – US-China Trade War

SGM-FX Fri 30 Aug 2019

US-China Trade War   This Sunday 1st September sees the first of two rounds of U.S. tariffs of 15% on $300bn of Chinese goods which will hit a range of food such as meat and cheese as well as clocks and musical instruments. This comes on top of the tariffs on $250bn of goods that […]

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