Korean Leaders Shake Hands

A "New Era" Global risk sentiment was bolstered on Friday by news the previous night that a new era is dawning on the Korean peninsula. Kim Jong Un, the North Korean leader, made history by becoming the first North Korean premier to set foot in South Korea in more than 60 years since the end of the Korean War. The summit between the two coun...

2018-04-30 James Harte Read more
COT report_Sterling_ECB

EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 11.4k contracts to take the total. The key driver for EUR flows this week is likely to be the development of US tax plans as the market looks to gauge the likelihood of the Senate approving Trump’s proposed reforms. Alongside this, traders will also be payin...

2017-12-12 James Harte Read more
SEPTEMBER 19 2017: The UN 72nd General Assembly opened its first week with debate, bringing a variety of world leaders to the GA Hall. US President Trump at General Assembly Hall

North Korean Communication Tensions between the US and North Korea have escalated following the release of a letter, believed to be written by the Foreign Affairs Committee, which urges “sharp vigilance” towards the “heinous and reckless” Trump administration. The letter, which was reported by the Australian Foreign Minister after it was recei...

2018-01-25 James Harte Read more
American flag

US Bull Cycle Over? The bull cycle in the USD index, which has run for around six years, has come under serious heat this year, mostly fuelled by resurgent strength in European and Canadian currencies. The fall-out from Trump’s election has also weighed heavily on USD as investors were once again left disappointed by Trump’s overpromising and u...

2017-10-22 James Harte Read more
BOJ

QQE With Yield Curve Control to Remain Unhanged At their upcoming meeting this week, the BOJ is widely expected to keep their current “QQE with yield curve control” unchanged and as such, is not expected to create much market movement. The current domestic backdrop is one of political uncertainty as investors are keen to learn whether PM Abe wi...

2017-10-22 James Harte Read more
USD Index_3005

US Dollar Hits Lowest Level Since 2015 The US Dollar index printed fresh lows again this week, falling to its lowest level since 2015. One of the major forces behind the dramatic sell-off is the scale of uncertainty linked to the Fed who will see nearly its entire staff replaced over the coming months. The Fed is expected to raise rates again a...

2017-09-12 James Harte Read more
Flag of North Korea

A few weeks ago, we thought that the geopolitical tensions have finally eased after North Korea announced its decision to delay the attack on the US Air-Base in Guam island. The US President Donald Trump thought that his threats to North Korea have finally worked and led the North Korean President to back off. Trump also said that North Korea’s...

2017-09-04 Nour Eldeen Al-Hammoury Read more
COT report_Sterling_ECB

This data references the period ending Tuesday,  August 29th. EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 1.5k contracts to take the total position to 86.5k contracts. While EUR continues to forge higher ground, demand has stalled at these levels as investors react to ECB’s Draghi who has warned ov...

2017-09-04 James Harte Read more
North Korean soldiers at the military parade in Pyongyang with the portrait of Kim Jonhg-Il of the 60th anniversary of the conclusion of the Korean War.

Geopolitical Tensions Rise Global risk appetite was shaken over the European morning in response to reports that North Korea fired a missile which passed over Japan. This marks the latest in a series of missile launches and marks an escalation in tension. NHK, a Japanese broadcaster, reported a government warning that a missile was headed towar...

2017-08-29 James Harte Read more

The Fundamentals The Kiwi maintains the offered tone in the Asian trades, extending its range-trade into a fifth day, as markets await fresh impetus from the Chinese manufacturing PMI reports for further momentum. Is NZDUSD ready to change direction? In the day ahead, risk remains to the downside, as the demand for the higher-yielding risk cur...

2017-08-29 Colibri Trader Read more