The big picture – No news is good news – 21st January

With the US close-down some of the data is not available. This might well be the reason that we saw money running to both the US dollar and the equity markets. We saw all equity exchanges rally and all but the pound losing ground to the dollar.

With no agreement being close at the moment, perhaps we will see more of the same this week. We have two major banks reporting, the ECB & BoJ, the former may struggle to find much in the way of positives. Traders will be watching the flash manufacturing PMI to see if the downward trend is continuing.

Traders are pricing in better news for the pound. Whilst a no deal looks further away, getting any sort of deal looks difficult with the leader of the opposition playing silly games with the aim to cause a general election.


  1. January 21, 2019 at 8:48 pm

    A great video and commentary from you Kym. Well drilled down, and explained in minute detail.
    I liked the perspectives from both the retail and institution side. Very informative as always, and looking forward to your analysis in the Day Trading Room tomorrow my friend. It’s information like this, that sets you guys apart from the rest of the sites out there.
    As always, eternally grateful.
    Aldo (UK)

    • Kym Watson-
      January 21, 2019 at 10:40 pm

      Many thanks Aldo, I am glad you enjoyed it. Best wishes Kym

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