HXL Partners in Melbourne, Victoria, Australia | Investment management company

HXL Partners

Locality: Melbourne, Victoria, Australia

Phone: +61 3 8375 9688

Address: Level 3, 257 Collins Street 3000 Melbourne, VIC, Australia

Website: http://www.hxlpartners.com

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25.01.2022 $DKK continues to weaken against $EUR and although the Danish Central Bank has not intervened since March 2017, we expect it to begin intervening this month if the Krone weakens further. Looking ahead, we forecast #EURDKK at 7.4550 over the next six-months and interest rates to remain unchanged at minus 0.65%. #fx #forex #fxtrading #forextrading #denmark #euro #krone

25.01.2022 #Turkeys #lira weakens on comments from President #Erdoan that he will begin operations in #Syria within days. We dont think the MPC will cut rates given high inflation and a slowing economy. A cut will trigger a $TRY sell-off. #fx #forex #forextrading #fxtrading #USDTRY

25.01.2022 Late Santa Claus rally? or dead cat bounce. Global equities have had a wild ride so far this week. Low volumes may have emphasised the 5% gains as there is concern the joy may be short-lived. #DowJones #SPX #Nasdaq #Nikkei #DeadCatBounce #SantaClausrally

24.01.2022 Its started! The resignations have begun sending $GBP shapely lower. Brexit Secretary Dominic Raab quitting is arguably the biggest blow to Theresa May throwing her government into turmoil. With the pound falling on the prospect of a no deal Brexit, the FTSE100 is rising as most UK companies listed on the index derive most of its earnings overseas. #fx #forex #currency #fxtrading #forextrading #currencytrading #Brexit @DominicRaab #TheresaMay #GBPUSD

22.01.2022 Turkey's lira has started 2019 on a grim note with the currency at the centre of the 'flash crash'. The lira tumbled as much as 7% against the dollar and 9.2% against the yen as investors piled into safe haven assets following weaker PMI data from China and Europe and Apple's revenue warning. Since then, the lira has paired losses following a further fall in Turkish inflation for the second month running in December leading to speculation that the central bank will cut inter...est rates. We continue to see long-term weakening trend for USDTRY #fx #forex #fxtrading #forextrading #lira #yen #TRY #USD #JPY #USDTRY #TRYUSD #Turkey #China #Europe #Apple

22.01.2022 It is not only Chinas PMI that has slumped. Other Asian manufacturing data also shows slowing factory orders. Malaysia at record lows. As a result, weak start to global equities with Hong Kongs Hang Seng suffering its worse start to the year since 2016 and Chinas equity markets down 1%. Europe also weaker this morning. #PMI #Caixin #Asia #HongKong #China #Malaysia #Taiwan #Europe #UK #France #Germany #Spain #HangSeng

21.01.2022 Chinas Caixin PMI contracted for the first time in 19 months slipping below 50 indicating a contraction as domestic and export orders continue to weaken. Following Chinas official PMI data, the gloomy Caixin/Markit survey (focusing mostly on smaller businesses) reinforces our view that the country may come under greater downward pressure with business conditions expected to get worse before improving with the government expected to rollout a raft of measures to to support t...he economy. It must be noted that the weak manufacturing data is not the sole result of the current US-China trade tensions as the country has been facing its own domestic headwinds. In 2019, we see China facing more domestic economic headwinds from ongoing credit restrictions, a cooling property sector, weaker domestic demand and from the continuing US-China trade tensions. As a result, we expect a further weakening of the yuan and real GDP of 6%. #fx #fxtrading #forex #forextrading #currencies #Caixin #PMI #tradewars #China #yuan #CNY

21.01.2022 As expected, the #US Federal Reserve cut interest rates by 0.25%. Although the #Fed has indicated it is on hold for the moment, we see the labour market losing momentum with growth petering out, payrolls coming off and forecast U.S #economic growth to weaken during the first-half of 2020 which may lead to additional rate cuts. The #tariff situation is hurting retailers in particular as they struggle to absorb the additional costs. However, once absorbed, economic growth shou...ld pick up in the second-half of 2020. Any upside from phase one of the #trade deal will likely be limited with U.S. #consumers currently experiencing difficulties in covering all expenses from their income. With approximately 70% of household spending contributing to US economic growth, we expect consumers to continue to feel pressure as debt levels increase and a tightening credit market is forcing consumers to cut spending. Therefore, we expect #GDP to slow below trend. See more

20.01.2022 As expected, the U.S. Federal Reserve cut interest rates by 0.25%. Although the #Fed has indicated it is on hold for the moment, we see the labour market losing momentum with growth petering out, payrolls coming off and forecast #US #economic growth to weaken in first-half 2020 which may lead to additional rate cuts. The #tariff situation is hurting retailers in particular as they struggle to absorb the additional costs. However, once absorbed, economic growth should pick up during second-half 2020 but with the U.S. consumers contributing less to #GDP growth.

20.01.2022 Risk aversion and search for a haven is driving the Japanese yen higher. The yen has gained more than 2% in the last six days. With the prospect of less stimulus from the Bank of Japan as inflation normalises, higher financial market volatility and slowing US economic growth, we forecast USDJPY strengthening over the next 12 months. Our USDJPY forecasts are 111, 108 and 106 over the next three, six and 12 months. ... #fx #forex #fxtrading #forextrading #USDJPY #USD #JPY #Yen #Japan

19.01.2022 A leadership challenge to Theresa May is being called by leading Brexit backer Jacob Rees-Mogg after several ministers resign. He has now submitted that letter and it is now down to 48 of her own MPs to determine whether a vote of no-confidence in her leadership is to be called. As the day progresses, it is becoming more clear that the Government does not command the numbers in the House of Commons to implement the Brexit deal into law. #fx #forex #GBP #GBPUSD #Brexit #TheresaMay

19.01.2022 Brexit in disarray as Sir Brady confirms leadership vote against Theresa May. But GBP holding up as this vote was largely expected, market awaiting result and expects May to win given she still has Cabinet support. Also, there is no real alternative. However, we are wary of significant downside in GBP if she unexpectedly looses. As we have previously stated, short-term, this story has proven that you cannot chase the pound in either direction with the market moving in an ant...icipatory way. Medium-term, between now and when the ultimate question is addressed on whether there will be approval of either the Withdrawal Agreement, no Brexit or hard Brexit and who will ultimately make this decision (parliament or public), there will continue to be pound volatility skewed towards downside risk of GBP against EUR and USD over the next three months. #fx #forex #fxtrading #forextrading $GBP #GBP #GBPUSD #EURGBP #TheresaMay #GrahamBrady #Brexit

19.01.2022 In case you missed it; USDJPY tumbles before recovering triggered by a revenue warning from Apple preceded by weaker PMI data from China and Europe. At one point, the yen was 4.4% stronger against the US dollar. Although the yen has pared some of the early gains, the currency remains strong on its safe haven status during geopolitical and financial stress. While the flash crash was exacerbated by thin liquidity, Japanese markets on holiday and automatic algorithmic trades, ...risk-off sentiment is still the underlying theme with the direction of the global economy and issues relating to both the U.S. and China still present. We forecast USDJPY strengthening over the next 12 months. Our USDJPY forecasts are 111, 108 and 106 over the next three, six and 12 months. #fx #forex #fxtrading #forextrading #currency #flashcrash #G10FX #Yen #Dollar #USD #JPY #USDJPY #Japan #China #Apple #PMI #currency

19.01.2022 Theresa May survives leadership vote causing GBP to spike initially. But then moves lower as the number of people opposing her leadership is larger than expected (117 votes) making it more unlikely that her deal will get through the House of Commons. Short-term, direction of pound will follow what Theresa May and other UK lawmakers does next with the Withdrawal Agreement. #fx #forex #fxtrading #forextrading #Brexit #Brexitdeal #WithdrawalAgreement #TheresaMay #GBP #pound

18.01.2022 Theresa May survived what was an intense week in UK politics with multiple resignations from her government. As a result, Pound Sterling certainly had a wide ride. In fact GBPUSD ended the week more-or-less where it began the week. What will happen this week? Currently, there are not enough letters to trigger a vote of no confidence in PM May and on this basis the pound should open higher on Monday morning. However, if the 1922 Committee does receive all 48 letters, then we ...expect the pound to fall on the open. At the time of writing, we dont expect a vote of no confidence will materialise as the majority in Theresa Mays Conservative party are pro-remain and if she is removed, it is likely a hard-Brexit leader will replace her. If a vote is triggered, this would be pound-negative. However, if she were to defeat the leadership challenge, this would be pound-positive as she would be immune from another challenge for a year and free to pursue the Brexit deal. If she loses, then we expect GBPUSD to fall to 1.20 as it will increase the chances of a no deal Brexit. #fx #forex #fxtrading #forextrading #currencytrading #GBP #GBPUSD #Brexit #TheresaMay #poundsterling

18.01.2022 GBP/USD drops below $1.25 for the first time since April 2017 on Brexit mess and reports that Brexit hardliners have the 48 letters required to trigger a vote of no confidence. $GBP volatility will remain a fixture on continuing Brexit uncertainty tilted towards the downside. We expect the pound to fall further if a second Theresa May deal is rejected as it would increase the probability of a no-deal Brexit. If this occurs, we believe EUR/GBP will trade above parity and continue to forecast GBP/USD at 1.30 in six months. #fx #forex #fxtrading #forextrading #GBPUSD #EURGBP $GBP $USD #TheresaMay #EuropeanUnion #Brexit #WithdrawalAgreement

18.01.2022 $GBP seeing a bit of relief because getting this far in Brexit negotiations was clearly essential. But we will only know if the Brexit deal will be successful when the details of the report is released. Judging from the reaction from UK parliamentarians, Theresa May will have difficulty getting the deal approved which is one reason the market is taking a fairly cautious approach. #fx #forex #fxtrading #forextrading #currencytrading #Brexit #BrexitDeal #TheresaMay #GBPUSD

17.01.2022 GBPUSD back above $1.30 and above 200 day moving average for the first time since May (not UK PM Theresa May!) We still see $GBP downside risk over the next three months and prefer hedging the pound given continued Brexit uncertainty. Current strength in #GBP is short-lived in our opinion. #fx #forex #fxtrading #forextrading #GBPUSD #GBP #TheresaMay #Brexit

17.01.2022 No Christmas cheer today as markets (the ones that are open today) continue falling after yesterdays US stock market rout - worst Christmas Eve ever. Japans Nikkei down 5%; Taiwans Taiex down 1.2%; Chinas CSE down 0.7%; Thailands SET down 2%; Vietnams HNX down 1.5%; Dubais DFM down 1.25%; Abu Dhabis ADX down 1%; Russias MOEX down 1.69%; and Saudi Arabias Tadawul down 0.7%. Only market up today (at time of writing) is Mongolias MSE! Up 3%! #stockmarket #equities #DowJones #SPX #Japan #Nikkei #Taiwan #China #Thailand #Vietnam #Dubai #AbuDhabi #Russia #SaudiArabia #Mongolia #ChristmasDay #MerryChristmas

17.01.2022 Chinas factory activity dropped to its weakest level in over two years and is below the 50 level that denotes contraction. Future activity indicators - new orders and new export orders - also slipped reinforcing views that business conditions in China will likely get worse before improving. Although President Trump stated "big progress" has been made in the ongoing trade war, nothing concrete has been released. Beyond trade tariffs, China has been facing its own domestic ec...onomic problems including weakening domestic demand, cooling property market and falling corporate sentiment caused by the trade war uncertainty. Chinese government officials will be pushing for a deal and will be introducing more government stimulus packages including tax cuts, investment spending and looser monetary policy. The last time PMI fell below 50, the Chinese government implemented a large stimulus package. In 2019, we forecast the yuan is likely to decline a further 5% in trade-weighted terms and forecast 6% real GDP growth in 2019 with tensions between US and China remaining high. #fx #fxtrading #fxnews #forex #forextrading #forexnews #China #PMI #Trump #CNY #Yuan

17.01.2022 As oil prices recover after its 13-day slump, heres how emerging market currencies performed against the US dollar during the same period. Oil dependant countries faired better as oil import prices would have fallen - especially for Indonesia, India, South Africa, Philippines and South Korea. #fx #forex #fxtrading #forextrading #OOTT #OPEC #Oil #emergingmarkets #rupiah #lira #peso #rupee #rand $IDR $TRY $ARS $INR $ZAR $PHP $KRW #Indonesia #India #SouthAfrica #Philippines #SouthKorea

17.01.2022 Brazil’s $BRL slumps 1.6% during President Bolsonaro's opening keynote speech at the World Economic Forum in Davos as he failed to detail plans to how he plans to grow the economy, reduce the deficit and implement tax & social security (pension) reforms. The lack of detail on his plans frustrated markets sending the real to three-week lows. We still maintain that if the government implements its planned reforms, especially reducing the country's bloated pension system which i...s currently the largest burden to the nation's budget deficit and growing debt levels, the real should continue to strengthen this year. However, any meaningful gains will be pegged by slowing global growth and geopolitical factors that will cause investors to be risk-adverse and move money out of emerging markets and into safe havens. #fx #forex #forextrading #fxtrading #Brazil #BRL #brazilianreal #Bolsonaro #WEF #WEF19 #Davos #Davos2019 #emergingmarkets

16.01.2022 Chart showing how global currencies are trading in reaction to current Brexit uncertainty. GBP down 5.17% this year against USD almost in line with EUR. Pound Sterling down 1% against both AUD and NZD. #FX #FOREX #FXTrading #FOREXTrading #Brexit #GBP #USD #EUR #AUD #NZD #pound #sterling

16.01.2022 Best performing stock markets in 2018? Jamaica, Qatar, Abu Dhabi and Saudi Arabia. Worse performing; Argentina, Turkey, China, Pakistan, Greece, Ireland and Dubai. In 2019, we believe equity investors should brace for more volatility stemming from politics, monetary policy decisions and economic data. Although we see global GDP growth at 3.6%, we do not expect a recession.... Just because the calendar has turned over to a new year, it does not mean last years problems have been forgotten! Diversification is important to help mitigate volatility. Buying European and Emerging Market stocks are most exposed to Chinas slowdown while purchasing energy stocks offer value considering we expect the price of oil to increase to between US$70-$75/bbl this year. More analysis can be found soon on our website. Will keep you updated. #stockmarket #equities #stocks #Jamaica #Qatar #AbuDhabi #SaudiArabia #Argentina #Turkey #China #Shanghai #Pakistan #Greece #Ireland #Dubai #EmergingMarkets #oil #Brent #WTI

16.01.2022 Brazils $BRL slumps 1.6% during President Bolsonaros opening keynote speech at the World Economic Forum in Davos as he failed to detail plans to how he plans to grow the economy, reduce the deficit and implement tax & social security (pension) reforms. The lack of detail on his plans frustrated markets sending the real to three-week lows. We still maintain that if the government implements its planned reforms, especially reducing the countrys bloated pension system which i...s currently the largest burden to the nations budget deficit and growing debt levels, the real should continue to strengthen this year. However, any meaningful gains will be pegged by slowing global growth and geopolitical factors that will cause investors to be risk-adverse and move money out of emerging markets and into safe havens. #fx #forex #forextrading #fxtrading #Brazil #BRL #brazilianreal #Bolsonaro #WEF #WEF19 #Davos #Davos2019 #emergingmarkets

16.01.2022 Shorting the Swedish Krona against everything proved to be profitable in 2018. We prefer the Swedens Krona over Norways Krone in 2019 in our Scandinavia Currency Outlook given more modest central bank expectations and favourable inflation dynamics in Sweden. Although the SEK was one of the worst performing G10 currencies in 2018, we see the currency as undervalued and expect the Riksbank to raise interest rates one more time this year after increasing rates for the first t...ime in seven years in December. We expect the NOK to benefit from a rebound in global oil prices; the countrys main export and the likelihood the Norges Bank will hike rates again this year. Overall both Scandinavian currencies should outperform the euro given both countries will raise interest rates before the European Central Bank. Our forecast for EURSEK is 10.00 in both 6- and 12-months time. Our forecast for EURNOK is 9.20 in both 6- and 12-months time. #fx #fxtrading #forex #forextrading #currency #Krona #Krone #Euro #SEK #NOK #EUR #EURSEK #EURNOK #Sweden #Norway #Scandinavia #Riksbank #Norges #ECB #oil

16.01.2022 In a stunning turn of events, UK Prime Minister Theresa May postpones parliamentary vote on the Withdrawal Agreement and effectively kicks the can down the road. As the PM addresses the House of Commons, $GBP drops below $1.26. We still forecast #GBPUSD at 1.30 in six months. #fx #forex #GBPUSD #Brexit #TheresaMay #WithdrawalAgreement

16.01.2022 Reserve Bank of India Governor Urjit Patel has had enough and resigns. $INR drops against $USD biggest 2-day drop in 5 years. The abrupt resignation comes after months of friction between the central bank and government over policy issues relating to interference and governance. Resignation should have no bearing on monetary policy direction as the Monetary Policy Committee (MPC) looks at inflation as a key variable for policy decisions.... Indian rupee to trade in the 69-72 range whilst be believe equities will do well next year. #fx #forex #fxtrading #forextrading #rupee #USDINR #UrgitPatel

14.01.2022 Price of palladium falls 1.75% and is below the $1,400 level but is still more valuable than gold which it overtook for the first time in 16 years in early December. Palladiums bull-run is due to demand outstripping supply as the metal is mainly used for catalytic converters in petrol-powered motor vehicles. Although we expect demand to continue to outstrip supply, prices of the metal are expected to pull-back given current weakness in global car sales, especially in the wo...rlds biggest market; China. For palladium, we have a 12-month target of between $1,250 and $1,350. For platinum, our 12-month target is between $750 to $850. Note the performance of palladium and platinum in the past 12-months....perfect bookends! Follow the link to our latest update on Palladium and Platinum. https://www.hxlpartners.com/feat/palladium-platinum-update/ #palladium #platinum #XPD #XPT #METL #Metals #commodities #China

12.01.2022 The macroeconomic picture and its impact on oil demand is putting downward pressure on Brent and WTI. Brent has fallen 42% from its peak in October and is now at 16-month lows. Concerns top oil producers are pumping at record levels is creating an oversupply in the market at a time when it is forecasted demand for oil will slow in 2019 on a slowing global economy, financial strains in Emerging Markets, continuing US-China trade wars and rising interest rates. We believe the c...urrent slump in oil prices is temporary and expect prices to increase when the OPEC+ production cuts enter into effect, the possibility that Saudi Arabia will cut more production, Iran oil sanction waivers ending and falling Venezuelan oil production continuing. On this basis, we have a 12-month Brent forecast of between USD$70-75/bbl. However, if members start to pump more oil, we expect Brent to fall back towards USD$55-60/bbl. #OOTT #oil #Brent #WTI $C01 #OPEC #commodities #emergingmarkets #China #tradewars #SaudiArabia #Iran #Venezuela

10.01.2022 Japanese yen was the only G10 currency to gain against the US dollar in 2018.The Australian dollar was the worst performing; not far behind were both the Canadian dollar and Swedish Krona. Increasing US interest rates leading to record-high differentials and investors looking for safe havens amid market uncertainty pushed the dollar higher against the major currencies. Into 2019, we still believe the dollar will remain strong in the short-term and then over the medium-term w...ill likely depreciate as the US twin deficits continue to grow and monetary policy normalisation begins in both Europe and Japan. In regards to the yen, we forecast USDJPY strengthening over the next 12 months. Our USDJPY forecasts are 111, 108 and 106 over the next three, six and 12 months. #fx #forex #fxtrading #forextrading #G10FX #Yen #USD #AUD #CAD #SEK #USDJPY #Japan

09.01.2022 $GBP steady as Prime Minister Theresa May meets with European Union leaders and officials with the aim of rescuing her #Brexit deal. We believe she wont receive anything significant from the EU that will justify why she cancelled the vote. Delaying the vote is delaying the inevitable; a big defeat for the government. #fx #forex #GBPUSD #TheresaMay #EuropeanUnion #Brexit #WithdrawalAgreement

08.01.2022 Twenty years ago, 11 European countries fixed their exchange rate and created a new currency; the euro. Three years later euro notes and coins entered circulation. Today the euro is the second most important currency, used by 340 million people across 19 countries with 75% of the total eurozone population in favour of the single currency. Remarkably, 38% of the Eurozone population (a generation) knows no other domestic currency. The euro also accounts for 36% of global paymen...ts and 20% of all central banks foreign reserves. Despite its success in terms of adaption and support, the past decade has highlighted issues including the Eurozone debt crisis that exposed the original flaws of the project including the lack of fiscal commonality that resulted in the bailout of several countries and pushed the union to breaking point. Economic reforms are slow and the gap between rich and poor members remains large. As mentioned previously, we see the US dollar as overvalued and expect it to retain its strength in the short-term but will depreciate over the medium-term as the European Central Bank starts to normalise interest rates thereby causing interest rate differentials between ECB and the Fed to shrink, thus causing the euro to strengthen. The growing US twin deficit will also put a strain on the dollar. Our forecast for EURUSD is 1.15 over the next six months and 1.20 in twelve months. A caveat to this is if US-China trade tensions escalate, or if the US implements large infrastructure projects boosting economic growth and inflation, or weaker Eurozone economic data, then it is likely the dollar will remain stronger for longer. #fx #fxtrading #fxnews #forex #forextrading #forexnews #currency #euro #EUR #Eurozone #USD #dollar #China #tradewars #ECB

07.01.2022 FX markets have recovered since the flash crash but are still volatile with risk-off sentiment still the underlying theme with the direction of the global economy and issues relating to both the U.S. and China still present. #fx #forex #fxtrading #forextrading #currency #flashcrash #G10FX #Yen #Dollar #Swissie #Euro #Pound #PoundSterling #SwissFranc #USD #JPY #EUR #CHF #GBP #AUD #NZD #TRY #USDJPY #AUDUSD #AUDJPY #TRYJPY #NZDJPY #Japan #China #Apple #PMI

07.01.2022 Although GBPUSD above $1.30 and undervalued, we advise against taking positions in $GBP, gilts & UK equities given continued market volatility caused by Brexit uncertainty. Wild swings in pound will not subside until actual outcome occurs. Read our latest research note for more information. https://www.hxlpartners.com/features/pound-sterling-update/... #fx #forex #GBP #GBPUSD #gilts #UK #equities #Brexit

06.01.2022 Gold continues to rise on safe-haven buying amid a range of market concerns. Concerns on a slowing global economy, possibility of a prolonged US government shutdown, equity market weakness, trade wars and political uncertainty in Europe are all driving $XAU prices to six-month highs. We see the gold price rangebound during the first-half of 2019 as a continuing stronger $USD will limit any large advance. However, during the second-half of 2019 when we expect the Federal Reser...ve to stop raising rates and dollar weakness, we expect gold to increase to US$1,300/oz. An ideal entry point would be below US$1,200/oz. A weaker dollar also works in favour of gold and other precious metals as they are priced in USD. Weaker USD equates to cheaper commodity prices. #fx #forex #fxtrading #forextrading #gold #XAU #XAUUSD #FederalReserve #USD #commodities #dollar

06.01.2022 $USD weakens across FX majors as markets remain on edge as Treasury Secretary Mnuchin calls top US banks to discuss liquidity and to reassure markets that Jerome Powell will remain Federal Reserve chairman despite President Trumps recent comments. $EUR, $JPY, $XAU and Treasuries all increase. We still believe that the $USD is stronger than fair value and recent weakness is signalling a problem with the current turmoil in Washington, the current account deficit, the budget deficit and signalling a problem with being an overvalued currency. Overtime (not in the near term) we expect the $USD to weaken against the other major currencies. #FX #FXTrading #forex #forextrading #USD #EUR #YEN #Mnuchin #JeromePowell #FederalReserve #Trump #Gold

04.01.2022 In case you missed it.... The overnight flash crash was prompted by Apples revenue warning and investors shunning risky assets and buying safe haven assets including bonds and the Japanese Yen. Markets were already under pressure following weaker PMI data from China and Europe. While the dollar is also classified as a safe haven currency, it does not have the same level of perception as the yen. That is why the dollar was weaker against the yen, but stronger against euro a...nd pound. The Swiss franc also rallied. However, commodity-based and emerging market currency dropped sharply with AUDJPY, TRYJPY and NZDJPY suffering the most. While the flash crash was exacerbated by thin liquidity, Japanese markets on holiday and automatic algorithmic trades, risk-off sentiment still the underlying theme with the direction of the global economy and issues relating to both the U.S. and China still present. #fx #forex #fxtrading #forextrading #currency #flashcrash #G10FX #Yen #Dollar #Swissie #Euro #Pound #PoundSterling #SwissFranc #USD #JPY #EUR #CHF #GBP #AUD #NZD #TRY #USDJPY #AUDUSD #AUDJPY #TRYJPY #NZDJPY #Japan #China #Apple #PMI

04.01.2022 Turkeys lira has started 2019 on a grim note with the currency at the centre of the flash crash. The lira tumbled as much as 7% against the dollar and 9.2% against the yen as investors piled into safe haven assets following weaker PMI data from China and Europe and Apples revenue warning. Since then, the lira has paired losses following a further fall in Turkish inflation for the second month running in December leading to speculation that the central bank will cut inter...est rates. We continue to see long-term weakening trend for USDTRY #fx #forex #fxtrading #forextrading #lira #yen #TRY #USD #JPY #USDTRY #TRYUSD #Turkey #China #Europe #Apple

03.01.2022 John Bercow, Speaker of the House of Commons has asked parliament that the vote should take place given repeated assurances by Ministers to the UK public. Looking grim for PM Theresa May. $GBP falls further to $1.25. We still forecast #GBPUSD at 1.30 in six-months. #fx #forex #GBPUSD #Brexit #TheresaMay