The original article can be viewed on Yahoo Finance: Dollar recovers as pound falls back
18.01.2017 - "The rising anxiety and uncertainty ahead of Donald Trump's inauguration this coming Friday has exposed the greenback to heavy losses," said FXTM Research analyst Lukman Otunuga. "With optimism slowly fading over the series of interest rate hikes under Trump and the lack of clarity provided on the proposed fiscal stimulus measures weighing on sentiment, the dollar may find itself vulnerable to further losses," he added.
The original article can be viewed on Yahoo Finance: Dollar recovers as pound falls back
17.01.2017 - • “The speech meticulously outlined the 12 objectives to a Brexit, with Theresa acknowledging that a transitional deal would be probable in a bid to avoid a Brexit ‘cliff edge’ for business. Although Theresa also proposed to remove the U.K. from the EU’s customs union in the pursuit of a clean Brexit, this will be replaced with a new customs agreement with the EU. “A key talking point and comment that played a critical role in the sterling’s resurgence was how Theresa promised a parliamentary vote on Britain’s deal to leave the EU.”
The original article can be viewed on Marketwatch: ‘Textbook short squeeze’ for the pound — analysts assess May’s Brexit plans
17.01.2017 - The pound had taken a beating heading into May's speech, having briefly broken below $1.20 on Sunday. Lukman Otunuga, research analyst at FXTM, said in a note that a "decisive breakout and daily close above $1.2350 could encourage a further incline higher towards the next relevant resistance level at $1.2500."
The original article can be viewed on CNBC: British pound on track for best day against dollar since 2008
12.01.2017 - "With the engine behind the Dollar's aggressive appreciation partly attributed to optimism over Trump boosting US growth via fiscal spending, the uncertainty presented yesterday should expose prices to renewed downside risks," said Lukman Otunuga. "While the news conference covered topics about the Russian hacking reports, Trump's separation of his business empire and repeated criticism of the media, the lack of details of the President-Elects administration's plans for economic stimulus simply left Dollar bullish investors empty handed," he said.
The original article can be viewed on CNBC: US stocks open lower amid Trump policy disappointment; Fed speakers eyed
12.01.2017 - The news conference “failed to provide the much-needed clarity on future fiscal policies,” said Lukman Otunuga, a research analyst for FXTM. “The lack of details of the president-elect’s administration’s plans for economic stimulus simply left dollar bullish investors empty-handed. It seems likely that dollar sensitivity intensifies this month as the renewed Trump uncertainty keeps investors on edge.”
The original article can be viewed on Marketwatch: Dollar falls in aftermath of Trump news conference light on economic detail
12.01.2017 - However, Lukman Otunuga, of FXTM, cautioned: "Regardless of the short-term gains, sentiment remains bearish towards the Pound with the ongoing Brexit woes eventually sabotaging upside gains. "Sellers may be encouraged to exploit the technical bounce on the GBPUSD to drag prices back down lower towards 1.2000 in the medium to longer term."
The original article can be viewed on The Telegraph: FTSE 100 turns positive and pound regains momentum as markets digest retail bonanza
11.01.2017 - "There is a risk of the hard Brexit fears becoming the dominant theme that ensures sterling remains depressed for prolonged periods," said FXTM research analyst Lukman Otunuga. "Although UK economic data continues to display resilience against the Brexit turmoil, the persistent Brexit-induced uncertainty has effectively dented investor attraction towards the pound."
The original article can be viewed on Reuters: Sterling stays weak ahead, May to speak in parliament
10.01.2017 - However, Lukman Otunuga, of FXTM, cautioned: "Sterling remains imprisoned by the hard Brexit concerns while uncertainty motivates bears to attack ruthlessly at any given opportunity. While there continue to be talks of the EURUSD parity, the GBPUSD parity could also become a reality if the Brexit turmoil pressures the Bank of England to adopt a dovish approach. "The bearish combination of Sterling weakness amid the Brexit woes and Dollar strength from the prospects of higher US rates has made the GBPUSD fundamentally bearish."
The original article can be viewed on The Telegraph: FTSE 100 sets another record high and pound sinks as HSBC chairman says banks may trigger Brexit contigency plans by March
10.01.2017 - The rising concerns that OPEC members and non-OPEC countries will fail “to fulfill their pledge to cut oil production have exposed WTI crude to steep losses,” said Lukman Otunuga, research analyst at FXTM. Prices tumbled below $52 Monday.
The original article can be viewed on Marketwatch: Oil prices log lowest finish in more than a month
10.01.2017 - “Certainly, many investors got ahead of themselves betting on fiscal stimulus,” says FXTM strategist Hussein Sayed.
The original article can be viewed on Marketwatch: As Trump trades go from terrific to torporific, here are 3 contrarian investments
09.01.2017 - FXTM research analyst Lukman Otunuga added the pound faced a drastic decline this week, amid conflicting reports over the government's Brexit strategy. "With the battle of words between politicians on how the government had a 'muddled thinking' over Brexit adding to the uncertainty, sterling should be destined to sink lower this week," he said. "It should be kept in mind that uncertainty remains the name of the game when dealing with the pound and such should make the weakness a recurrent theme."
The original article can be viewed on Yahoo Finance: FX Focus: Pound plunges to two-month low against dollar over 'hard Brexit' fears
04.01.2017 - Whether prices can continue those gains will depend on “multiple factors,” with the biggest one being compliance to production cuts, Hussein Sayed, chief market strategist at FXTM, said in a emailed note. “It’s in no one’s interest not to comply, but historic figures show that delivering on previous production cuts has been poor.” “With all these unknowns, we will likely see prices moving in tight ranges in the first quarter until we get a clearer picture,” said Sayed.
The original article can be viewed on Marketwatch: Oil prices rise on signs OPEC members will stick to output pledges
04.01.2017 - Lukman Otunuga, research analyst at FXTM, said in a note that "dollar strength may become the new norm this quarter as the combination of repeatedly positive economic data and prospects of higher US rates attract investors to the currency." "With the Trump effect still fuelling the bull rally and optimism rising over fiscal stimulus boosting US economic growth, the Dollar may be destined to be a champion amongst other major currencies once again," he said.
The original article can be viewed on CNBC: US stocks rise ahead of Fed minutes; dollar pulls back from 14-year high
03.01.2017 - "With prices already rushing to 18 month highs during trading on Tuesday one can see how the expectations of a production cut continues to provide a lifeline to the commodity," Lukman Otunuga, research analyst at FXTM, said in a note. "While the current gains in oil are undeniably impressive, gains are at risk of being limited if any complications or delays arise from the proposed cut deal."
The original article can be viewed on CNBC: Dow up triple digits as stocks kick off 2017 with a rally; energy leads
29.12.2016 - “Sentiment remains firmly bullish towards the dollar with the cocktail of positive U.S. domestic data, hawkish Fed comments and heightened expectations of an improvement in U.S. economic growth magnetizing investors to the currency,” Lukman Otunuga, a research analyst for FXTM wrote in a note to clients. “With speculations heightened over the Fed raising U.S. interest rates further in 2017, the dollar should remain king in the beginning of 2017.”
The original article can be viewed on Marketwatch: Dollar pulls back after recent rally, but remains near multiyear highs
23.12.2016 - "Crude failed to maintain gains this week following the unexpected build in U.S. crude stockpiles, which revived the oversupply concerns," said Lukman Otunuga, a research analyst with FXTM. "With some anxieties still lingering over the compliance side of the unexpected cut agreement, oil could end up extremely volatile with losses expected if production fails to decline."
The original article can be viewed on Reuters: Oil slips below $55 as dollar, Libyan production boost weigh
23.12.2016 - “Financial markets were exhausted on Thursday, with most stocks drifting lower as investors offloaded positions ahead of the Christmas break,” wrote Lukman Otunuga, research analyst at FXTM Research. “Although Wall Street succumbed to the bears on Thursday, the heightened expectations of a Santa rally elevating the Dow Jones to the golden 20,000 mark could re-attract risk-hungry investors.”
The original article can be viewed on Marketwatch: U.S. stock futures point to holiday-induced slumber, but banks may be on the move
22.12.2016 - "With less traders on their desks and most investors planning where to spend their New Year's Eve, markets have clearly entered the holiday mood," said Hussein Sayed, chief market strategist at FXTM. "We can barely see any significant moves in equities, fixed income or even currency markets today, suggesting that more consolidation is expected throughout the remaining days of 2016."
The original article can be viewed on Reuters: Wall Street opens flat in light pre-holiday trading
22.12.2016 - It’s a fair question to ask, as investors watch the index back off what seemed a sure thing only a few days ago. Some, like FXTM’s Hussein Sayed, say breaking that psychological level could open the door to more buyers, as it suggests bulls are still in control.
The original article can be viewed on Marketwatch: Why January will be the end of any Dow 20,000 hopes
21.12.2016 - Lukman Otunuga, Research Analyst at FXTM comments: 'Sterling was dealt a pre-Christmas beating this week with prices edging towards $1.2300 as the ongoing Brexit anxieties dented buying sentiment. 'Uncertainty remains the name of the game when dealing with the Pound which is on target to being the second-worst performer among major currencies. 'With the bearish combination of Brexit jitters and a strengthening Dollar enticing sellers, the GBPUSD could end the year around 1.2200.
The original article can be viewed on Daily Mail: Government borrowing deficit falls 4.4% on last year