The Eiger FX Blog – For The Ambitious Organisation
Giving your organisation the edge with articles on foreign exchange, finance hacks and tips.
Result and Market Reaction The result of a hung parliament, was an outcome which was clearly not widely expected by the financial markets. Subsequently, we saw GBP trading lower across the board last week, as traders adjusted positions to reflect yet even more...read more
Political Risk Dominates Again The dollar has broken its losing streak of the past few weeks with the euro closing below 1.12 on Friday and the pound lower around 1.27. We keep our underlying bullish view on the dollar against the rest of the major currencies. First,...read more
Hung Parliament Materialises As Eiger FX correctly predicted, in our weekly report published on Tuesday, the UK election has produced a hung Parliament. The Conservatives will be the single largest party – projections centre on 318 seats, a handful short of an...read more
In the week ahead, our main focus is the UK General Election which takes place on Thursday. At the start of the election campaign the polls had given what seemed to be an unassailable lead to the Conservatives and consequently GBP saw some significant buying as a...read more
What to look out for this week 22-05-2017 (Monday) Data: None to note 23-05-2017 (Tuesday) Data: Germany GDP; UK Public Sector Net Cash Requirement and Net Borrowing. 24-05-2017 (Wednesday) Data: Germany Consumer Confidence; US Home Sales 25-05-2017 (Thursday)...read more
Dollar and Sterling Focus The dollar had a mixed week last week, strengthening against the yen and Australian dollar to 113 and 0.74 respectively but weakening towards 1.10 and 1.30 against the euro and pound. We expect sterling will keep outperforming as...read more