Blog

MARKETS CRAVE EUPHORIA

The week started with the news that Marine Le Pen did NOT win the first round of French elections after losing first place to the more conservative Emanuel Macron. You could hear the deafening signs of relief from Europe's elite who will now close ranks on Le Pen to ensure she doesn't win her place at the Elysée Palace after the final round of elections. The usual suspects came out to congratulate Macron (basically for temporarily saving their skins) and slapped each other on the back in typical Masters of the Universe fashion.

UK PM MAY - MY WAY OR THE HIGHWAY

The UK PM Theresa May stunned the world by calling a snap general election. This had a massive bearing on sterling, and following an immediate drop on the news due to the uncertainty that elections generally cause, GBP suddenly started to resemble a freight train as it powered up an incredible 330 points off it's lows. This was in response to May's powerful 'leadership' speech in the Commons. Theresa stood there and stared around the hall stating that the British population can either move forward with her or trust a coalition government with Labour leader Jeremy Corbyn at it's helm.

IT'S ALL ABOUT TRUMP

So, let's begin with Donald Trump sending missiles into Syria to destroy a military camp that seemingly was responsible for the gas attack on Syrian civilians. Trump's opinion of Assad seems to have changed rather quickly following TV pictures shown to the world in the aftermath. Assad actually appears to have been let off lightly as it's rumoured Trump was thinking of summoning the help of a United Airlines crew for a bit of extra muscle but decided against it at the last minute. Apparently Donald informed China President Xi of the airstrikes over a delightful evening meal.

Calm before the storm?

We start with yet again a mindless idiot mercilessly taking lives in St. Petersburg as he chased his place in the idyllic afterlife. The shocking scenes are becoming all too common and our thoughts are with those affected by this latest abhorrent act of terror.
Following a brief flurry of activity late Friday, the markets appear to be taking a breather ahead of the inevitable spike in volatility on the horizon.

THE BATTLE OF WILLS

In what can only be described as an 'action packed' week, we've seen currencies see-saw wildly all over the place as the mighty dollar made a desperate comeback after being savaged on Friday and Monday. As a result of President Trump's failure to push through an alternative healthcare bill, the dollar resembled a live wire that nobody wanted to touch. After forcing EUR/USD above 1.09, cable over 1.26 and USD/JPY to 110.00 the greenback started it's fightback against the majors in Tuesday's session forcing back most of it's losses from the previous two days.

OUR THOUGHTS ARE WITH YOU

The week comes to a close with the world yet again shocked at the disgraceful events witnessed, this time in London. People have lost a mother, a father, a son, a daughter, a sister, a brother, a husband, a wife. These people have lost their lives unnecessarily and our thoughts are with the relatives at this unimaginably difficult time for them.........

Pages

Subscribe to RSS - blogs