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Forex
August No Ordinary Month For GBPJPY
As Brexit concerns continue to weigh heavy on Pound Sterling crosses, there's not much to discuss from a technical perspective. Evidence of an overall bearishness sentiment dominates the charts with a few corrective moves thrown in for good measure. However, sifting through the layers of Sterling sameness, I uncovered something interesting relatin...
Another Blow to the Emerging Markets
Emerging Markets (EMs) are being dragged down by the deepening crisis in Turkey. The collapse of the Turkish Lira has rattled the financial markets, ripped through the emerging FX markets and brought down the stocks markets at the start of the week. Fears have gripped the EMs over various issues at once. EMs have received not one but several pun...
No Turkish Delight – Is A Currency Devaluation Of 40% Justified?
Most political scientists believe that all problems in the world are related to politics, and most economists believe that all problems are rooted in economics. However, what’s happening in Turkey now seems to be a combination of both as I'll explain. Firstly, investors have always regarded Turkey as one of the Emerging Markets with good economi...
The New “Lows”
By Deepta Bolaky Trade and geopolitical risks were at the forefront of the meltdown that rattled the markets on Friday. Turkey’s currency crisis prompted a massive sell-off across the markets hitting the European banking sectors the hardest. Fears began to mount as investors freted its rippling effects on the global markets. The current risk...
GBPAUD – Brexit ‘No Deal’ To Spark A 1000 Pip Move?
Since September last year, the British Pound has enjoyed a relatively easy time against the Australian Dollar, often described as a solid bull run. However, many fundamental drivers have turned sour for the Sterling crosses, and with GBPAUD in particular, we may be in for a significant price reversal. What's Driving the Pound Aussie Pairing? The...
Venezuela – The New Zimbabwe?
Venezuela: A Latin American Crisis Venezuela’s economy has been in turmoil in recent times with its inflation skyrocketing and with no signs of slowing down, the situation may worsen. The political tensions have also been rising in one of the OPEC (Organization of the Petroleum Exporting Countries) member country whose economy has been slowly de...
Emerging Markets and a Hawkish Fed
In 2018, we have seen a growing interest in the Emerging Markets (EM) as a lot of advisers or asset allocators have been upbeat about these markets. The emerging countries are improving on different factors such as stability of employment, growth in money or opportunity for innovation which make the overall outlook for EM promising. However, the...
Snapshot – AUDNZD, EURUSD, USOIL
AUDNZD - Point & Figure Chart AUDNZD - As we approach the upcoming policy meetings this week, the expectations for both central banks (RBA and the RBNZ) is to keep their respective interest rates on hold. The only difference is that the New Zealand camp appears to be more dovish concerning fiscal policy going forward. We could also mention th...
Snapshot – NZDCAD, EURUSD, USOIL
NZDCAD - Daily To begin with, let’s take a look at the NZDCAD. Admittedly not the liveliest minor pair but in this instance, I think it is worth a mention. On the daily time frame, we can see the price is hovering around the critical support zone of 0.8850, an area that has been tested three times already this year but has failed to mount any ...
Sterling Seeks Value Amid Brexit Talks
We have seen a quiet recovery for Pound Sterling in the absence of any negative headlines. Add to this some rambunctious tweets from President Trump weakening the Dollar and the GBPUSD pair is tip-toeing upwards, shrugging off the recent dip below 1.30 as nothing more than a temporary blip. It is these sudden blips or brief recoveries in Cable tha...
Safety First for Japanese Yen
Have you spotted something unusual happening with the Japanese Yen? With the likes of protectionism dominating global headlines, the Yen is weakening amid broader risk aversion which is out of character for the currency. A Confidence crisis among Asian markets You have to wonder if the currency is absorbing some of the inherent uncertainty brought ...
Opportunities in the Third Quarter – Equity and Currency Markets
By Deepta Bolaky STOCK MARKETS After a stellar year for the stock markets, investors were entertaining the idea that equities will outperform in 2018 even though a correction above 15% was expected at some point. The U.S equity markets showed impressive strength in 2017 without experiencing the major pullbacks that often accompany rallies. The rall...
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Deal or No Deal
Deal or No Deal Brexit negotiations have been ongoing for some months now, and even while officials state that ‘sufficient progress’ in the talks has been made, the public are still unaware of what the details of said progress are. This week Theresa May was in Brussels and it was expected that here a deal would be agreed upon, with key issues ...
Middle East Tensions
Report by Deepta Bolaky A buoyant open on Oil markets this week amidst clampdown on corruption. The sudden arrests of a dozen princes, business tycoons and top officials in Saudi Arabia has caused a rally in oil prices, hitting a 2-year high. UKOUSD and USOUSD Source: HX Finance MT4 It is reported that private airports were closed to prevent jets ...