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BoE’s uber dove Economist Haldane shocked markets by expressing readiness to vote for a rate hike later this year. Haldane’s hawkish stance puts him directly at odds with Governor Carney, who believes ‘now is not the right time to raise rates’.

Marc Ostwald, Strategist at ADMISI sees heightened risk of stagflation if Carney’s view prevails. He adds, “The BoE at least needs to reverse last year’s 25 basis points rate hike”.

Listen to the full segment as Ostwald and Tip TV Presenter Zak Mir discuss -

UK political situation

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Ricardo Evangelista, Head of International Desk at Evangelista says the Middle East clients are more inclined to trade oil and metals. “Clients understand that the current climate instigates weakness in oil”, says Evangelista and adds, “the traders are more emotionally attached to oil… it is more like a sacred cow, hence traders struggle psychologically to bet against their gift”.

Watch Jeremy Stretch, Head of G-10 FX at CIBC detail the factors that could push the GBP/USD pair down to 1.23-1.24 levels. The segment is hosted by Tip TV Presenter Zak Mir.

Key points

Bank wary of further spike in the imported inflation

UK political uncertainty amplified, but not to an extent in which markets are pricing-in another general election

Long end of the treasury yield curve suggests the Fed isn’t going to ramp up the pace of tightening

Fed still believes the Phillips curve works - labor market tightening leads to wage price inflation… if it does work, it will allow the Fed to tighten the policy at a fairly moderate pace

GBP/USD is fast losing height, now trading below 1.26; its lowest level since April 18. Mike Van Dulken, Head of Research at Accendo Markets and Tip TV’s Zak Mir discuss the sell-off in the Pound amid the political uncertainty in the UK.

Listen to the full segment for more info on –

Oil market sell-off

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The Coe report – bullish view on the NASDAQ

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"Sterling at 1.26-1.27 is fundamentally undervalued and we believe it should be in the mid-1.30s, although that is contingent on the political cycle", says Investec Chief Economist Phillip Shaw while sharing his view on the BoE monetary policy, markets, UK economy and the British Pound.

Shaw agrees with Governor Carney that now is not the time to hike rates and says political uncertainty is a bigger risk to the UK economy than the inflation overshoot, which is likely to be a short-run phenomena.

#Sterling, #GBP, #GBP/USD, #Cable, #forex, #currencies, #trading, #investing, #markets, #fundamentals, #macro, #technicals, #UK, #finance

Listen to Matthew Yeates, Investment Manager at 7IM explain why the idea of ‘soft Brexit’ has been thrown out of the window following the snap elections and how it is more of a choice between ‘hard Brexit’ & chaotic Brexit’. Yeates also discusses the impact on the markets and the political and economic situation across Europe.

#Brexit, #hardBrexit, #markets, #trading, #investing, #macro, #Europe, #fundamentals, #UK, #finance

“At the moment, FX markets are directionless”, says Steve Woodcock, Head of Risk Management at TeraFX while shares his outlook on the FX pairs. Woodcock sees Sterling being more responsive to Brexit sound bites in the short run. “Whether the Brexit talks are going well or going bad - that sort of thing will move the Pound”, he adds.

Key quote - Dollar will eventually turn higher as the Fed is tightening faster than expected

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Tim Harrison, Head of Wealth Management at Linear Investments joins Tip TV Presenter Zak Mir to discuss the key macroeconomic data releases/events and political developments that could move the markets.

Listen to the full segment for more info on-

Amazon - Whole Foods deal: Not surprising, suggests it is looking to build a stronghold on the high street

Tesco is the best of the bad bunch in the UK, currency gyrations to weigh on the forward guidance

Supermarket Ocado activist shareholder wants to rebuild it as a technology firm.

#markets, #trading, #investing, #fundamentals, #macro, #UK, #stocks, #equities, #US, #Amazon, #Tesco

"Watch out for the Fed's reverse QE, it will suck out liquidity and will be a drag on the economy", says Clem Chamber, Founder of ADVFN while talking to Tip TV's Zak Mir.

Last week, the Fed unveiled plans to downsize its balance sheet and maintained the outlook for three rate hikes. The BoE surprised markets with a 5-3 vote split favour keeping rates unchanged. Chambers finds the hawkish vote split somewhat surprising and says it will hurt the UK housing markets.

Listen to the full segment for more info on-

Fed's reverse QE and the potential impact on the markets/economy

UK housing market - Is Corbyn right in saying the luxury houses be requisitioned?

#Fed, #interestrate, #QE, #monetarypolicy, #economy, #fundamentals, #macro, #trading, #investing, #stocks, #commodities, #technicals, #equities, #markets

Ronnie Chopra, Chief Market Analyst at TJM Partners, shares his view on Japan’s Nikkei index, India’s Nifty 50 and UK’s Tesco shares. The segment is hosted by Tip TV Presenter Zak Mir.

Listen to the full segment to know-

Why Nifty looks extremely overvalued

The next move in Nikkei

The Coe report - S&P 500

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