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June 2025 marked a milestone for #Poland’s #energysector, as #renewableenergy surpassed #fossil fuels in meeting its #energy needs for the first time. Despite coal consumption falling 38% in the past decade, Poland is one of the highest-emitting countries. sgm-fx.com/insights/daily…

The #Dollar proved sensitive to headlines regarding trade during the #US overnight session. But the risk of tariffs escalated the Dollar rose. The 90-day pause following #Trump’s April ‘#liberationday’ #tariffs had been set to expire this coming Wednesday. sgm-fx.com/insights/daily…

Falling #inflation, sluggish #economicgrowth, a strong #currency, lower living standards and #lowproductivity would normally easily add up to an #interestrate cut by the central bank: not in #Australia where a #ratecut didn’t happen yesterday. sgm-fx.com/insights/daily…

With the passing of #Trump’s original deadline for the reimposition of #liberation day #tariffs yesterday, #markets have breathed a sigh of relief. July VIX futures continued to slide lower. So too did the August #futurescontract. sgm-fx.com/insights/daily…

Those punitive #tariff threats - #Copper 50%, #Brazil 50% and #Pharmaceuticals 200% - had a marked effect on USD. While #POTUS has been conducting his self-harming measures on the #USA, he insists the #USD will remain the primary world #reservecurrency. sgm-fx.com/insights/daily…

Having applied to join the #EU in March 2022 and been granted accession in #December 2023, #Georgia seemed to have been on course to join the #EU. However, a few months later the EU and Georgia terminated the process. sgm-fx.com/insights/daily…

After a rally of around 15% year to date, there is significant cognitive and technical room for consolidation within #EURUSD. Implied #volatility has been rising given the #macroeconomic backdrop that #markets have encountered this year. sgm-fx.com/insights/daily…

With all eyes on the Westminster PM – #Chancellor drama recently, or alternatively the saga of #POTUS tariffs, it is easy to overlook the positive in that the FTSE is up 10% this year and has just notched up a new “big figure” and an all time high of 9000+ sgm-fx.com/insights/daily…

#Markets were highly #volatile following reports that #POTUS was considering firing #FedChair Jay Powell. US Treasuries, #USD, and equities dropped sharply, but quickly rebounded after the White House denied the reports. sgm-fx.com/insights/daily…

The European Union launched a massive new strategic #budget to mixed reaction. Worth €2 trillion, this budget increases #EU spending to 1.23%, up from 1.07%. Key changes include merging #agriculture and cohesion funds, along with other proposed reforms. sgm-fx.com/insights/daily…

As #markets mostly do after a near straight line #decline of 14% up until the end of June #USD has clawed back 2% since July 1. For the next couple of months it would look as if USD will consolidate further. What could spoil that? sgm-fx.com/insights/daily…

The #ECB’s decision to adjust policy in June hadn’t been a consensus view within the market. The probability of a rate cut increased into the decision, but many had expected the Bank to keep rates on hold, pausing to take stock of policy adjustment to date sgm-fx.com/insights/daily…

At #GBP 2.7 trillion or 2,700 billion the #UK is one of the most indebted nations but to put that in perspective the #UKGovernment #borrowing is equivalent to 96% or almost 1 year of the UK’s #GrossDomesticProduct. sgm-fx.com/insights/daily…

#Riskassets have received a boost as #tradedeals cross or approach the finish line ahead of next week’s August 1st deadline. First in yesterday’s session was the announcement of a #deal between #Japan and the #US. sgm-fx.com/insights/daily…

As expected, the #ECB held interest rates yesterday. Given the August 1 deadline on the #UStariffs that might see a punitive #tariff rate of 30% on the #EU, although talks are meant to be getting closer to a 15% rate and in sight of the finishing tape sgm-fx.com/insights/daily…

#Greek PM #Mitsotakis is taking action on #Greece’s problem of widespread water shortages brought on by #climatechange and increasing demand for what is an increasingly #scarcewater supply exacerbated by #drought. sgm-fx.com/insights/daily…

A #trade deal was reached on Sunday between the #EU and the #US, aimed at avoiding the uncertainty of #tariffs set to take effect this Friday. Though framed as a breakthrough, the deal requires ratification by EU member states and the European Parliament. sgm-fx.com/insights/daily…

#Brentoil nears $70 due to two principal factors: the #EU committing to buy #USD 750 billion of #energyproducts from the #USA and #POTUS’ 50 day ultimatum to President #Putin to cease the #war in #Ukraine or face 100% #tariffs. sgm-fx.com/insights/daily…

The #Federal Reserve delivered its latest #monetary #policy decision yesterday evening. As was widely expected, the #Fed kept rates on hold in their current band of 4.25-4.5%. There were two dissenting #votes to the decision to keep rates on hold. sgm-fx.com/insights/daily…

Coming to your High Street soon: #CentralBankDigitalCurrencies. Given that we have #banktransfers, #electronicbanking, #credit and #debitcards and multiple #paymentcards the question is what will be the plus when digital #Euro and #Sterling are available? sgm-fx.com/insights/daily…