by Charles Purdy | Jan 5, 2026
If you thought 2026 was going to be any less full of risk for currency markets, geopolitics and the global economy you’ll already have had a rude awakening, although not as rude as that of Nicolas Maduro early on Saturday morning. The fact that America’s...
read more
by Christopher Nye | Jan 5, 2026
America’s textbook military capture of Maduro suggests little risk for further downside ramifications just yet, but a ‘risk off’ mode (where higher risk sends investors to safer assets) appears so far to be favouring the US dollar. In the meantime we have ISM...
read more
by Christopher Nye | Jan 5, 2026
The ongoing market reaction after the Venezuela attack will be instructive. Will the euro be seen as a safe haven currency or will it weaken? Following Friday’s disappointing manufacturing PMI across the bloc, we’ll hear services tomorrow. We’ll also get the inflation...
read more
by Christopher Nye | Jan 5, 2026
Sterling ended last week still at – or close to – a four-month high on USD, and despite early support for the dollar we are in a volatile situation. Later this morning we’ll be getting some Bank of England data through about mortgage approvals and consumer credit,...
read more
by Christopher Nye | Jan 5, 2026
The fact that it was on a Friday night that American forces captured President Maduro of Venezuela and announced they would run the country now, has given the currency markets a couple of days to work out the implications. So far, in early trading the US dollar has...
read more
