SGM-FX insights

Discussion and Analysis by Charles Porter:   A recession in the South African economy has ended. This has been signalled by strong and positive annualised second quarter real GDP growth statistics. The growth performance of the South African economy surpassed expectations, resulting in an appreciation of the Rand, despite expectations already correctly forecasting the end […]

Analysis and Discussion by Charles Porter:   Two statistics have been released by the Swiss Federal Statistics Office this morning. Meanwhile the Franc weakened. In order to analyse this effect, we consider the Swiss Franc (CHF) against key international currencies and its safe-haven partner, the Japanese Yen.   The Swiss Franc has received heightened attention in […]

Discussion and Analysis by Charles Porter:   “ Conditions in the global economy are continuing to improve”, although, the degree to which the domestic Australian economy is feeling any of this improvement is less certain.   A reserved statement introducing the Monetary Policy Decision was released by Philip Lowe, Governor of the Reserve Bank of Australia. […]

Discussion and Analysis by Charles Porter: Friday Afternoon saw dramatic changes in the value of major international currency pairs. By examining the Sterling-Dollar, Sterling-Euro, and Euro-Dollar rate, the magnitude of two major events is unveiled: firstly, US payroll and unemployment data and, secondly, ECB indecision concerns.   Scheduled for a BST 1:30pm release, payroll and […]

Discussion and Analysis by Charles Porter: Whilst markets in the United States observe Labour Day, global markets have a quiet start to the week with a deficit of anticipated, notable and market-orientated announcements. However, as tensions continue to escalate amongst the Korean Peninsula, inducing a global spill over, the week may have more in store […]

Discussion and Analysis by Charles Porter: The Federal Reserve Bank of Philadelphia received media attention this week following their proclamation of the death, or at least the weakening, of the Phillips Curve. Commentary on this observation has regarded the European and United States macroeconomies alike. This three-part article challenges such a notion and, instead, demonstrates […]

Discussion and Analysis by Charles Porter:   The Federal Reserve Bank of Philadelphia received media attention this week following their proclamation of the death, or at least the weakening, of the Phillips Curve. Commentary on this observation has regarded the European and United States macroeconomies alike. This three-part article challenges such a notion and, instead, […]

Discussion and Analysis by Charles Porter:   The Federal Reserve Bank of Philadelphia received media attention this week following their proclamation of the death, or at least the weakening, of the Phillips Curve. Commentary on this observation has regarded the European and United States macroeconomies alike. This three-part article challenges such a notion and, instead, […]

Discussion and Analysis by Charles Porter:       As pessimism continues to surround the UK political economy with consistently positive macroeconomic results being published within the Eurozone, dominant market trends will be difficult to arrest. With this message mind, this article analyses the propensity of events and data releases to manipulate the Sterling-to-Euro (GBPEUR) […]

Discussion and Analysis by Charles Porter   Economic Growth in the United States of America, measured by the annualised growth of Gross Domestic Product (GDP), in the second quarter of 2017 was 2.6%. This headline figure, published last month, was an ‘advance estimate’ and will be revised within a second estimate this afternoon. This article […]

Discussion and Analysis by Charles Porter:   In accordance with our week ahead expectations, today and tomorrow will be another testing and opaque period for major currency pairs. Today’s events will be followed closely because each contains the propensity to arrest or enhance the current trend of a strong Euro, a weak dollar and a […]

Discussion and Analysis by Charles Porter:   The strength of the Euro against the dollar and the relative weakness of the dollar against other major currencies is primarily explained by adverse dynamics surrounding the US political economy.   Macroeconomic and political uncertainties in the United States (US) is being framed as partially responsible for the […]