Market insights

Traders Seek Safe Havens

This week has seen jitters return to global markets.

Dollar backed assets such as gold and crypto are being sought by investors.

The greenback is also seeing a return to strength as the Pound and the Euro lose ground in the fight.

A shut down of the US Government seems to have triggered events although there are plenty of other news stories in the press right now causing a little confusion over where funds should be placed.

It's a different story for GBP/EUR where the technical support held, and Sterling has got on to a nice, short term run.

Minutes from the Financial Policy Committee meeting reported later could have some bearing on this pair.

Overall, from a currency perspective it looks like speeches from key central bank members could dominate proceedings.

The President of the ECB and the Chair of the FED are both in the spotlight towards the back end of the week.

Whilst it's been an overall quiet week for scheduled news, it's the backstop of global news stories that has really moved things along, and this could well continue.

The French political situation, peace talks in Egypt, US / Canada trade relations, and ongoing tariff rhetoric are the main headlines.

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Economic calendar

UK: 11:30 FPC Meeting Minutes

EUR: 17:00 ECBs Christine Lagarde Speech

US: Thursday 13:30 FEDs Jerome Powell Speech

As ever we look forward to keeping you in the loop and look out for our next update.

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