Scary Like Monday Morning

Oct 18 03:10 2019 Print This Article

Most of us are probably not as enthused by Monday mornings, as we are waking up late on Sunday mornings; let’s be honest. Another five days, (plus emails and productive out of hours “conference calls”), of graft at the dystopian coal face of the financial markets, lies ahead.

Not being a purveyor of the 5 am workout followed by a salt-free, free-range, fair-trade, organic, conflict-free soya latte and avocado toast, I prefer to ease into Monday’s, collecting the participation certificate rather than the gold medal. Asian markets will not have that optionality this Monday, with Sterling likely to be front and centre from the theoretical get-go at 5 am Sydney time.

Yesterday’s Brexit deal breakthrough set the pulses racing as well as Sterling, which rocketed higher to 1.3000. Reality hit not too much later as the Democratic Unionist Party (DUP), whom incidentally, the minority government rely upon in Parliament to stay in the job, said they wouldn’t vote for it. Sterling promptly fell back to 1.2800 as the FOMO trading lemmings, ruled the roost.

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Established in 2006, MarketPulse is a free news site that provides full-time coverage of the world's largest financial markets, focusing on forex, commodities, and global indices research and analysis. Armed with a global team of securities analysts and strategists, Market Pulse provides timely, accurate, and informative research on major macroeconomic trends, technical analysis, and worldwide events that impact different asset classes and investors.

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