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FOMC Meeting Minutes


Good morning,

GBP/EUR began Tuesdays trading session by slipping to the low of the day which was 1.0880, it was another dull day of data yesterday and GBP/EUR range was 1.0880-1.0957. The pair did spike slightly following Giuseppe Conte resigning as Italy’s prime minister after blasting Matteo Salvini, the leader of the far-right League, as an “opportunist” for triggering a government crisis that could have “serious consequences” for Italy. The pair hit the high of the day then immediately dropped back off. We open this morning session at 1.0938.

GBP/USD opened yesterday at 1.2100 and the pair slipped to the low of the just after lunch as the price fell to 1.2055, Cable did manage to recover from the drop by pushing up through 1.2100 to the high of the day which was 1.2180. The U.S will release FOMC Meeting Minutes today which is noted as a high impact piece of data, the first of this week. GBp/USD traded around 1.2160 for the remainder of the day and we open this morning at 1.2133.

Fact of the day

Steve Carell's chest hair was actually being ripped off during the waxing scene in "40 Year Old Virgin"

Related image

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FOMC Member Quarles Speaks


Good morning,

GBP/EUR was trading in a tight range yesterday as the pair sat between 1.0920-1.0955, there was no major discussion yesterday and the economic calendar was extremely light hence the reason there was no major movements with the rate. There is another light day of data today with both the UK & EU, GBP/EUR has opened at 1.0913.

GBP/USD was also stuck in a tight range as the pair didn't move out of a 50 pip spread, cable sat between 1.2107-1.2157 in a boring days traded for the cross, with little to report yesterday all eyes will be on FOMC Member Quarles Speech later tonight, although this is not a high impact piece of data it is then only piece of data the U.S will be releasing. We open this morning at 1.2092

Fact of the day

In 2013, Australian blogger Belle Gibson claimed to have beaten brain cancer using ‘natural remedies’ — selling a cookbook to cancer patients with all her ‘secrets’. It was later revealed she never even had cancer, and was fined $410,000 by the Australian government for her deceptive practices.

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EU Final Core CPI y/y


Good morning,

GBP/EUR finished the week in the 1.09 area, the pair began Fridays session at 1.0880 which was the low of the day and it was around 1pm when GBP/EUR hit the high of 1.0989 which was a good improvement considering the rate was down in the 1.07's a few days earlier. We open the week at 1.0968 and today's economic calendar is light. We have no major data releases until Thursday which will be German Flash Manufacturing.

GBP/USD climbed out of the 1.19-1.20 area on Friday as cable pushed to 1.2180, the pair did start Fridays session at 1.2039, it was the afternoon when we saw the pair push through 1.2100 and move up to the high of the day. We open this morning at 1.2167.

Fact of the day

In 1974, Time magazine researchers learned, and informed Jack Nicholson (30 at that time), that his sister was actually his mother, and his mother was his grandmother.

Image result for In 1974, Time magazine researchers learned, and informed Jack Nicholson (30 at that time), that his sister was actually his mother, and his mother was his grandmother.




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UK Average Earnings Index 3m/y


Good morning,

GBP/EUR began yesterdays trading in the 1.0700 area yesterday morning it was midday that the price hit the high which was 1.0815, it was short lived as GBP/EUR took a dip and by later afternoon the pair was sitting at the low of the day and back down into the low 1.0700's, the rate fell to 1.0739. We have opened this morning at 1.0761 and the UK will release Average Earnings Index 3m/y at 09:30am.

GBP/USD was stuck in a tight range yesterday as the pair sat between 1.2070-1.2110, prices hit the high around midday before settling around the 1.2080 for the afternoon. Cable opens Tuesday session at 1.2060 and we 3 pieces of high impact pieces of data which 1 is from the UK and 2 are out from the U.S. We hope movements in the market occur today.

Fact of the day

Rein Messner climbed Mount Everest, without oxygen. Climbed Nanga Parbatt(8.126 metres) 3 times, the first time he lost his brother and 7 toes in the process. Then climbed it again to becomes the first person to solo climb it. AND climbed it again to retried his brother remains!

Image result for reinhold messner with no oxygen

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U.S Federal Budget Balance


Good morning,

Fact of the day

Although Donald Trump has described himself as an “ardent philanthropist,” he has only donated $3.7 million to his own foundation. In comparison, a wrestling company has given Trump’s foundation $5 million. He ranks among the least charitable billionaires in the world.

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