• Cautious start to the week with markets still fragile

    Equities and oil are generally softer as European trading gets underway and we've seen some risk-off sentiment again in these ever-fickle and mood-swing times. Meanwhile the Pound has found sellers again helped by GBPJPY and GBPCHF supply and amid the Brexit uncertainty with no clear plans emerging still as I've been warning.

    GBPUSD has capped around the 1.2900 area and fallen this morning to post lows of 1.2836 while EURGBP has found support around 0.8800 (GBPEUR sellers at 1.1365) and rallied to post 0.8861 (GBPEUR down to 1.1285.

    I still remain GBP bearish overall and happy to jump on rallies as I still see the greater risk to the downside until proven different.

    EURUSD remains tightly bound in a 1.1350-1.1400 range amid risk and USD uncertainty while USDJPY has run into sellers again helped by the decent sell interest at 110.00 and some risk-off JPY buying but still finding some dip demand. USDCHF and EURCHF remain underpinned but equally finding rally sellers too also helped by some safe-haven CHF demand returning.

    AUDUSD continues to trade tightly also with China and Gold in the mix while USDCAD has rallied again with Canadian$ weakenng as oil prices wobble

    Fickle Forex markets ever prevailing so be ready with your entry/exit levels and orders as always.

    Great 4-0 win from the mighty Shrimpers of Southend on Saturday with a display and all four goals right up there with the best we've seen all season. Onwards n upwards!

    Have a good week one and all.

    Twitter: @MSPFX and @MikePatersonFX

    Interbank Rate 08.34 GMT

    GBPUSD 1.2847

    EURUSD 1.1374

    EURGBP 0.8852

    GBPEUR 1.1295

    GBPAUD 1.7946

    GBPCAD 1.7070

    GBPHKD 9.9603

    USDJPY 109.64

    EURJPY 124.70

    GBPJPY 140.90

    AUDUSD 0.7163

    EURCHF 1.1325

    USDCAD 1.3284

    USDCHF 0.9956

    EURHKD 8.8222

    0 Comments

social_rss_box_orange
official partner advert

Proud supporter of

tel
emailsymbol

Call us today: +44 (0) 1732 700 383

Email : info@mspfx.co.uk

Bringing You The Best Value Currency Deals

Raising the Standard in Foreign Currency Exchange & International Money Transfers

Office hours : Monday to Friday - 8am till 6pm

The MSP Update

Photo crop (passport)

Welcome to my blog

Daily market commentary from
Mike Paterson

The MSP Update is an essential tool for personal and business clients who want to be kept informed on a daily basis. If you would like to discuss your requirements then give us a call and talk to one our experienced team..

Call today +44 (0) 1732 700 383

Find out how much you could save today

Don’t let the banks or your existing foreign currency broker cash in with poor exchange rates and extortionate fees, Whether you are making a small or large, one-off or regular money transfer , MSP FX will offer the best rates for your individual foreign currency requirements and assist you in transacting at the most opportune moment possible given your timeframe. MSP Foreign Exchange Services offers complete security of funds by executing trades only through preferred FSA and HMRC regulated providers. For more information call us today and find out how MSP FX can help you.

Euros-1024x683
003-paradise-island-x

You are viewing the text version of this site.

To view the full version please install the Adobe Flash Player and ensure your web browser has JavaScript enabled.

Need help? check the requirements page.


Get Flash Player