CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Category: Commentary

Commentary
Richard Perry

FOMC looks to steady the ship with a scene setting statement

In three emergency interventions on monetary policy in March, over the span of just three hectic week, the Federal Reserve slashed -150 basis points off the Fed Funds rate, restarted QE and ramped it up to unlimited potential. The Fed has gone at COVID-19 in a big way. However, today’s

Read More »
Fed in focus
Commentary
Richard Perry

FOMC meeting a snooze-fest as markets barely blink

As expected, the Federal Reserve has held rates steady again in January. This has been a decision to cause few ripples across markets. The statement has done little, but we are still looking for chair Powell and comments over the balance sheet. Broadly speaking, this is a Fed meeting that

Read More »
UK flag and Houses of Parliament
Commentary
Richard Perry

What to expect from GBP on the results of the UK General Election

On Thursday 12th December, the UK (finally) goes to the polls for its General Election. The Conservatives are looking for a majority in order to push ahead with its Brexit agenda. Whereas a so-called “progressive alliance” of opposition parties are looking for enough seats to kick Prime Minister Johnson out

Read More »
Commentary
Richard Perry

Fed cuts rate again but why is the dollar gaining?

As expected the Federal Reserve has cut the Fed Funds range by -25 basis to 1.50%/1.75%. However, this move was all but fully priced moving into the announcement. The key to the next move lies with forward guidance. It seems that the Fed has move to more of a wait

Read More »
Brexit delayed
Commentary
Richard Perry

What now for Brexit as another delay is on the cards

An agreement but a blockage in Parliament Boris Johnson somehow found agreement with the EU-27 when almost all had given up hope. However, the arithmetic in Parliament has been against him. It was important last night that the “Second Reading” of the Withdrawal Agreement Bill (WAB) had a majority of

Read More »
Federal Reserve symbol and US flag
Commentary
Richard Perry

Fed cuts rates again, but why is the dollar rallying?

The Federal Reserve has cut interest rates by another 25 basis points to 1.75%/2.00% in its meeting today. However, despite what would on the surface seem to be a dovish move, the dollar is strengthening. We look into why.   The Key Takeaways The Fed has continued on its cutting

Read More »
Draghi
Commentary
Richard Perry

Super Mario delivers again with QE to infinity, EUR slides

When he steps down as ECB President at the end of October, Mario Draghi should become a postman, because he always delivers! In today’s ECB monetary policy statement, a swathe of easing measures has been announced. Markets have been anticipating these measures, but looking at the market reaction, it seems

Read More »
Brexit no deal
Commentary
Richard Perry

Turbulent times ahead for UK politics and Sterling

The UK Parliament returns from its summer recess and is straight into the thick of it. A move by opposition MPs for an emergency debate and a vote to legislate against a “no deal” Brexit is taking place today. However, there are huge implications of this and markets are at

Read More »
Commentary
Richard Perry

ECB leans dovish. Euro slips below support

The European Central Bank has held interest rates steady. No change to the main refinancing rate at 0.00%. No change to the deposit rate of -0.40%. This has come as little real surprise for the market. However, the ECB has also pushed the door wide open for easing in subsequent

Read More »
Commentary
Richard Perry

Dovish Powell testimony shifts market outlook again

In his prepared testimony for Congress, Fed chair Jerome Powell seems to have laid the groundwork for looser monetary policy from the FOMC. The scene is set for a July rate cut, but what is still in question, is how many we will now see. Powell painted a rather downbeat

Read More »
dollar
Commentary
Richard Perry

FOMC placates the market with a nod to a rate cut cycle close

The Federal Open Market Committee (FOMC) has held rates steady, but this is still being considered a dovish meeting. Although the markets have been clamouring for rate cuts to be seen in 2019, no cut was expected today. However, the big market reaction is coming on what the Fed is

Read More »
theresa may
Commentary
Richard Perry

UK Prime Minister May to step down, what are the implications?

UK Prime Minister Theresa May has (finally) announced her intention to stand down. On 7th May she will resign as leader of the governing Conservative Party at which point there will be a leadership election of who to replace her. Once that process has been resolved, Mrs May will step

Read More »
Commentary
Richard Perry

DAX still strong but will the profit takers move in?

DAX Xetra (cash index) Another early consolidation on the DAX this morning as the run higher slows, but is this just another pause for breath in the rally? After six days of gains in which the market broke out above 11,865, a two day confirming close above the resistance really

Read More »

Start trading now

Register now in 4 easy steps