Market Update: Brexit, Forex and Trading Data

By the close of the Wall Street Session yesterday Monday, the Euro edged higher against the Dollar, Sterling dipped, Canadian Dollar weakened slightly and Australian Dollar rallied almost to a two-year high. Elsewhere in the UK, it’s almost all going south. Price Growth unexpectedly slowed and Core Inflation dropped. Brexit Secretary Davis is back in the UK with the statement: “It’s complicated”, and there is still disagreement within the UK leadership caucus.

Today Tuesday, the Markets were under pressure during the London and Tokyo Sessions. Though the impression is that volatility is the crux of success in the markets, Investors are increasingly finding it difficult to pick sectors and strategies that have consistently outperformed throughout the Bull Market because the trends keep shifting. What was up one day or week is down the next, and vice versa.

Data from Germany and the EuroZone today, Tuesday, came in least than expected, for the ZEW Economic Sentiment. All eyes are on the ECB Meeting due later this week.