MARKET

News & Analysis

Our focus is on helping our clients make better informed trading decisions by providing a balanced and unbiased view of the foreign exchange market.

G10 currencies throw a pancake party

G10 currencies throw a pancake party

Sterling sat flat yesterday as the dollar mildly sold off, but failed to make any substantive gains as thoughts of an extensive Brexit related slowdown in the UK economy

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UK GDP flirts with negative growth in Q2

UK GDP flirts with negative growth in Q2

Sterling was dragged down by yet another catastrophic PMI reading yesterday from the construction sector this time, building on the dismal manufacturing PMI on Monday. The catalysts; Brexit uncertainty and slowing external demand. The pound undoubtedly sold off on the release, but the biggest downturn could be yet to come.

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Recession Fears Wake Euro Bears

Recession Fears Wake Euro Bears

The single currency got caught in the maelstrom of negativity that flowed from manufacturing survey data, which throughout the day eventually dragged EUR down towards the bottom of the G10 ranks. Together with swiftly waning inflation pressures, this indeed justifies further monetary easing by the European Central Bank, which confirms markets in their assessment there is currently a 76% chance of an ECB rate cut in September.

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Trade truce struck; USD and EMFX throw a party

Trade truce struck; USD and EMFX throw a party

The greenback strengthened this morning after US President Trump announced “no further tariffs” on China indefinitely, which means a derailing of global trade, for now, won’t force the Federal Reserve into hasting into a cutting cycle.

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Calm before G20 storm

Calm before G20 storm

This weekend’s G20 meeting certainly has the potential to shake up dollar pricing along with global markets

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Geopolitics in scope this week

Geopolitics in scope this week

Last week’s price action was dominated by speculation over global policy rates following a dovish turn by the Federal Reserve. While markets have increased their bets on how much the Fed will cut rates, with pricing currently suggesting 78 basis points by January...

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Introducing, The Bullard Bounce

Introducing, The Bullard Bounce

The Bullard bounce: a retracement in the dollar due to comments from St. Louis chief James Bullard that pushed back expectations of an immediate 50 basis point July rate cut.

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Meet the team

Ranko Berich

Ranko Berich

Head of Market Analysis

Ranko Berich heads up the team of analysts at Monex Canada and Monex Europe. The analysis team provide timely insight and commentary on developments in currency movements and their drivers.
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Simon Harvey

Simon Harvey

FX Market Analyst

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Bart Hordijk

Bart Hordijk

FX Market Analyst

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Olivia.Alvarez

Olivia Alvarez

FX Market Analyst

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