Earlier today Ed Moya joined me for a look ahead to the Brexit debate today. We address how Sterling has bounced over the past couple weeks but there is still a big question mark as to if Brexit will happen. In terms of market moves trade is still dominant which we comment on to wrap up the call.
Chris Temple joins me today to share some thoughts on the swings we have seen in the markets so far today. With risk off rallying early on and US markets opening the day in negative territory it started to shift only a couple hours in to the trading day. Now US markets are a fraction of a percent away from all time highs. There are a couple stories driving this and a couple other events that we touch on to wrap up the week.
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me to recap all the major political and central bank events on tap for the next week and a half. We start with Brexit and move to the Canadian election results, all with a view of what it could do for markets. Finally the ECB is meeting this Thursday and next Thursday we hear from the Fed. We share what to expect.
Chris Temple kicks off today by discussing where we stand with Brexit and just how far it could continue to get pushed back. We also look at the earnings picture in the US especially when it comes to the banking sector. Finally a couple comments on the ECB and Fed to wrap up the big picture.
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me to recap the news out this week on Brexit, US/China trade talks, and Fed policy. All of the developments this week are shifting investors to a more risk on strategy but we have not seen major breakouts just yet. What it all means for the big picture is key because we have seen these kind of moves before that only lasted a short time frame.
Ed Moya, Senior Market Analysts at OANDA joins me to outline the major driver in the markets. These drivers all revolve around politics ranging from Brexit to trade wars, and now US political issues. The markets have been reacting by selling risk on and continuing to shift into risk off.
- Segment 1 – Extended Interview – Marc Chandler, Managing Partner at Bannockburn Global ForEx – It’s more about politics rather than economics right now. We get into an in depth discussion on what is happening in Europe. This all begs the question of if the US markets can stay strong for the near term.
- Segment 2 and 3 – Jordan Roy-Byrne, Founder of The Daily Gold – We all agree that this is an early stage bull market for gold but there are some near term swings to take note of. We also discuss how the stocks
- Segment 4 – Brien Leni, Founder of the Junior Stock Review – A look at the Abitibi District in Quebec in terms of companies with work programs and investment ideas.
Exclusive Company Interviews This Week
Ed Moya, Chief Market Analysts at OANDA joins me to update us on the progress of Brexit. With the October 31st deadline looming the market, as per Sterling, is pricing in a no-deal Brexit. Just how likely is this and where could Sterling drop to if it happens? We also look into the precious metals and how they continue to move higher and more importantly why.
With limited economic data on tap for next week Marc Chandler and I focus on the tensions between the US and China. The trade war has been the largest influence on the markets recently and will continue to be as Marc predicts that things are only going to get worse. We discuss the possibility of China dropping out of the WTO or the US setting up a whole new organization that restricts China from joining. A lot of questions still to be answered and the markets will be volatile through it all.
Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc To Market website joins me for a look ahead to data on tap and that has already been released. There is a lot of negativity as we turn the corner into Q2 but Marc has a different take of things. He thinks the economy could be in for a period of slightly better data and a little reprieve from the downtrend. Remember markets tend to lead the data.