SGM-FX insights

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

Japanese Election: Stocks up, Yen down

Japanese Election: Stocks up, Yen down

SGM-FX Mon 23 Oct 2017

Discussion and Analysis by Charles Porter:   The triumph of the Liberal Democratic Party (LDP) and Japanese Prime Minister, Shinzo Abe, over the weekend has driven the Japanese stock market skyward and the exchange rate downward. Whilst the certainty of a freshly mandated national government usually affords a domestic currency with value, the specific brand […]

Safe Haven Currencies

Safe Haven Currencies

SGM-FX Mon 16 Oct 2017

Safe Haven Currencies are an imperative, yet complicated, business. Rising in value and price in the face of Geopolitical and general uncertainty and risk, their trend often defies not only other asset trends but also logic. In this article, we analyse known havens and the possible causes for their existence.    US Dollar   The […]

US Inflation and Monetary Policy

US Inflation and Monetary Policy

SGM-FX Mon 16 Oct 2017

Discussion and Analysis By Charles Porter: Last week’s inflation data within the United States was strong, yet underwhelming. It has led to significant speculation on the US Dollar given the significance of the rate of inflation to currency markets. When the data was released, the US Dollar spooked significantly, losing 0.4% of its value against […]

Yellen’s hurdle

Yellen’s hurdle

SGM-FX Fri 13 Oct 2017

Discussion and Analysis by Charles Porter:   The Federal Reserve Board’s Chair, Janet Yellen, has serviced in her present office since 2014. Her four-year term ends in February 2018 and her reappointment looks uncertain at best. Regardless of whom the White House appoints as the next Fed Chair and Chairman of the Federal Open Market […]

Japan’s critical election

Japan’s critical election

SGM-FX Thu 12 Oct 2017

Discussion and Analysis by Charles Porter:   Parliament is dissolved and the date is set for Japan’s election later this month. A bold political move by incumbent Japanese Prime Minister, Shinzo Abe, now looks likely to achieve its ultimate purpose. The significance of Japan’s election to the Yen cannot be understated. The importance spills over […]

Data Light and Talk Heavy

Data Light and Talk Heavy

SGM-FX Thu 12 Oct 2017

Discussion and Analysis by Charles Porter:   Whilst the headline above may be many people’s aggregate impression of financial markets and politicians regardless of the short-term conditions, it is certainly the general impression of this week. With only minor data released within the UK on Tuesday and significant US data waiting until Friday, once again, […]

UK Trade Performance

UK Trade Performance

SGM-FX Wed 11 Oct 2017

Discussion and Analysis by Charles Porter:   Despite considerable Sterling weakness following the Brexit referendum in June 2016, the UK trade balance has refused to improve. The data, released by the Office of National Statistics yesterday, attests to a deterioration of the UK’s current account and a worsening balance of payments problem. The significance of […]

Day of Reckoning – Catalonia Part 2

Day of Reckoning – Catalonia Part 2

SGM-FX Tue 10 Oct 2017

Discussion and Analysis by Charles Porter:   This afternoon, the culmination of the Catalonian independence vote may arrive. We analyse the implications within currency markets, predominantly the Euro. In doing so, we offer you an insight into the likely performance of the Euro when it is potentially confronted by a declaration for Catalonian secession later […]

Day of Reckoning – Catalonia Part 1

Day of Reckoning – Catalonia Part 1

SGM-FX Tue 10 Oct 2017

Discussion and Analysis by Charles Porter:   This afternoon, the culmination of the Catalonian independence vote may arrive. We analyse the implications within currency markets, predominantly the Euro. In doing so, we offer you an insight into the likely performance of the Euro when it is potentially confronted by a declaration for Catalonian secession later […]

Presidential Showdown: Trump-Erdoğan

Presidential Showdown: Trump-Erdoğan

SGM-FX Mon 9 Oct 2017

Discussion and analysis by Grace Gliksten:   A month of souring relations with the EU has ended with Turkey in a stalemate with the US following a mutual suspension of visas. The Turkish Lira has unsurprisingly been hit harder by the event than the US Dollar which, surprisingly, still showed a perceptible weakening.     […]

Moderate Dollar Strength

Moderate Dollar Strength

SGM-FX Fri 6 Oct 2017

Discussion and Analysis by Charles Porter: Labour market performance within the United States offered a short-lived boost to the US Dollar. However, the rest of the US trading session eroded the underwhelming gains made on the back of convoluted, contradictory employment data. The erosion of the value of the US dollar, for example within the […]

US Labour Market

US Labour Market

SGM-FX Fri 6 Oct 2017

US non-farm payrolls data concealed pessimism within the US economy and Labour Market. However, due to the influence of recent natural disasters within the United States, this data was strongly disregarded. Instead, the headline figures within employment, and its inverse, unemployment, were considered. Due to the relationship expounded by the Phillips Curve and the expectation of […]

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