by simplymacrostrategy | Mar 5, 2018 | Uncategorized
British Pound (GBP) Brexit remains the key driver of the GBP which ebbs and flows according to whether any final deal is seen to be good for the UK trade (soft Brexit) or something which leaves the country more isolated from the Continent of Europe but free to strike...
by simplymacrostrategy | Mar 4, 2018 | Uncategorized
Australian Dollar (AUD) The most well-known US stock market index, the Dow Jones Industrial Average, fell over 1,500 points in just a few days last week. When new Fed Chair Jerome Powell delivered his maiden semi-annual monetary policy testimony, the DJIA stood at...
by simplymacrostrategy | Mar 2, 2018 | Uncategorized
United States Dollar (USD) The USD index hit a 6-week high of 90.50 on Thursday morning as stock markets continued to trade lower and the VIX index of volatility hit a 2-week high of 19.5. Early in the NY afternoon, President Trump announced tariffs of 25% on imported...
by simplymacrostrategy | Mar 2, 2018 | Uncategorized
British Pound (GBP) The pound’s bad week got even worse on Thursday, though the pace of its losses was much slower than over the previous few days. The GBP/USD exchange rate fell through a well-watched level of technical support from the February 9th low around 1.3785...
by simplymacrostrategy | Mar 1, 2018 | Uncategorized
Australian Dollar (AUD) The Aussie Dollar has spent most of this week moving lower against the USD, although from Monday’s opening levels in Sydney it is up against the GBP. The combination of lower stock markets, much lower gold prices and a pick-up in volatility is...
