1. 20 Jul, 2017

    Nickel rallies 10% trough to peak, but will it last?

    Further Dollar weakness has continued to support industrial metals during the past week, particularly following the failure of the Trump administration’s healthcare reform bill on Monday night.

  2. 20 Jul, 2017

    Will 'Magic Mario' move the markets?

    After a slow day yesterday with both GBPUSD and GBPEUR trading in very tight ranges, we have two events today which could provide some excitement in the markets. First up at 9:30am is UK Retail Sales.

  3. 19 Jul, 2017

    UK inflation dampens Sterling's charge

    The UK inflation figures for June surprised to the downside yesterday with June’s headline CPI inflation unexpectedly edging down to 2.6% from 2.9% in May. Market expectations had been for a steady figure of 2.9% in June (Investec 2.8%). The other measures of price inflation CPIH, RPI and PPI all edged lower too, although core output prices were a touch higher.

  4. 18 Jul, 2017

    US Healthcare Bill blow to Trump

    We arrived at our desks this morning to find the USD on the back foot again, as Republicans abandoned their efforts to repeal and replace Obamacare in one fell swoop after it became clear that the Senate version of the replacement Bill could not achieve the required votes.

  5. 17 Jul, 2017

    Fundamentals Help Oil Higher

    It looked like last week was going to follow the typical pattern of a sell-off after the weekly US inventory numbers, even though they were very strong: 7.5m barrel fall in crude inventory and 1.6m barrel fall in gasoline.

  6. 14 Jul, 2017

    UK acknowledges Brexit Bill

    Janet Yellen concluded her two day testimony to the US Congress with her appearance before the Senate Banking committee yesterday. There was little more of note after Wednesday’s release as she continued with similar messaging and dovish tones.

  7. 13 Jul, 2017

    Dollar weakness spurs strength in metals

    Metals continue to consolidate and advance on recent price gains, aided by a broadly weaker dollar over the past week. This is largely driven by strength in the EUR, and JPY which is encouraging USD selling against other currencies such as GBP, where the fundamentals perhaps do not support recent strength in GBP/USD.

  8. 13 Jul, 2017

    No fireworks from Yellen's Testimony

    Janet Yellen gave a characteristically restrained performance in her bi-annual monetary policy testimony to the US House Financial Services Committee yesterday, revealing few additional details on the Fed’s policy plans, beyond what was laid out in last month’s FOMC meeting communications.

  9. 12 Jul, 2017

    Broadbent teases before giving Dovish view

    Bank of England deputy governor Ben Broadbent disappointed yesterday in his speech in Scotland with no direct mention of monetary policy which resulted in a weaker Pound.

  10. 11 Jul, 2017

    Broadbent holding the key to the next move?

    Markets were subdued yesterday as GBP/EUR had a range of 30pips on the day, however while we slept the BRC retail sales monitor for June were released.