SGM-FX insights

Big Week   Not just with the European elections on Thursday but in Australia where the Liberal Coalition won a surprise victory at the weekend boosting AUD but in the context of a near 3 year low, in Germany where Angela Merkel is being pressured to stand down at the end of this week by […]

I.M.Pei   News of the death of I.M.Pei the inspirational architect at the age of 102 late last night. At this time of US Sino stresses it is worth looking at the simply staggering array of work produced by Pei the son of a bank manager born in Canton(Guangzhou) China and who arrived in the […]

Chicken   The question on everyone’s lips yesterday afternoon was, ‘what on earth has to happen to move markets?’. The day started with a considerable appreciation within safe haven assets with the Japanese Yen and Swissie making early breaks skywards. US and German treasuries also rallied with the yield falling on Washington’s 10-year treasury note […]

Markets: Crypto and Oil   If you thought that Bitcoin had had its day, think again: a month ago it stood at £4000 having spent the previous 3 months stuck at £3000. And now? £6000! While in no way advocating crypto we do spend some of our time asking why such a move has occurred? […]

Crunch Week   Time and time again, we’ve heard traders call the post-Brexit Pound Sterling ‘untradeable’. Even in times of apparent turmoil, realised volatility has remained relatively subdued with foreign exchange derivative markets confirming a lack of conviction amongst market participants with respect to Sterling’s expected movements. Typically, implied volatility remains dangerously elevated (measured by […]

Listen here to SGM-FX’s Charles Porter reviewing the morning’s papers with Talk Radio Business Breakfast host, James Max.   From Strictly to the Trade War; Billionaires to Brexit, find out what’s moving markets this morning.     Discussion and Analysis by Charles Porter Click Here to Subscribe to the SGM-FX Newsletter

South Africa   The news that incumbent ANC President managed not only to arrest the decline in his party’s share of the vote but reverse it to win 57.5% is a small but encouraging step for the ZAR and the nation.   US-China Trade War/Talks   Hard on the heels of the imposition of US […]

Markets   With global equity markets weaker across the board, WTI Oil steady but still weak at $61.51, markets are absorbing latest news from the ongoing Sino-US talks and the imposition of US tariffs on $200billion of goods, the fact that shale oil could be produced at as low a cost as $15 and concerns […]

Waiting Game:     Voting has closed in South Africa’s national and provincial election, but it will take time to understand how the electorate expressed their will at the 22,924 polling stations across the nation. Results are scheduled to be released by May 11th and any exit or advanced polls are typically poor reflections of […]

Markets   With the news that the UK will hold EU Elections on 23-5-19, while discounted, GBP nevertheless sold off to close last night on the lows of the day. No news on a deal between the Government and the Opposition-yet. ZAR volatile in advance of the South African election today. Oil sharply lower at […]

Trump is like a box of chocolates; you never know which one you’re going to get.     Noel, I’m ready for the question: deal or no deal? Perhaps the bluntness of the presenter of the (in)famous Channel Four television show would be welcomed in Sino-US trade talks. Markets yesterday took badly to the whimsical […]

  Markets   Big news this week has been the fallback in oil prices to WTI at $61. All eyes in the US and globally on the tea leaves following the Fed’s remarks this week and of course the forthcoming employment data. Bank of England upbeat about UK employment and Governor Carney said yesterday that […]