Martin Essex, MSTA

Analyst and Editor

Expertise:
Financial markets, economics, fundamental and technical analysis.
Martin Essex, based in London, has been writing about the economy and the financial markets for 40 years. He has worked as Senior International Economist at a London-based consultancy and has a degree in Mathematical Economics from the University of Essex. He is a Member of the Society of Technical Analysts and has written a book on the bond markets.

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Brexit Briefing: Event Risk to Keep EUR/GBP Under Pressure

With the self-imposed deadline of March 31 for the triggering of Article 50 still six weeks away, event risk on the Euro side of the EUR/GBP cross is likely to determine its direction.

Brexit Briefing: UK Asset Price Volatility Set to Rise

One surprising aspect of recent trading has been the relative stability of UK asset prices – of the currency, bonds and stocks – as Brexit draws closer. However, that could be about to ch...

EUR/USD Shrugs Off Weak Euro-Zone Economic Data

Euro-Zone economic growth in the last quarter of 2016 has been revised downwards, industry output in December recorded its worst fall in more than four years and Germany’s ZEW index has dropped.

Brexit Briefing: GBP Jumps as UK Economic Data Beat Forecasts

The British Pound strengthened in European trade Friday as another set of positive economic statistics illustrated once again the robustness of the UK economy in the wake of the British vote to leave...

Brexit Briefing: Parliamentary Recess to Lessen News Risk for EUR/GBP

Famous last words, but Brexit news could be in short supply over the next 10 days as the UK Parliament goes into recess, giving EUR/GBP traders a chance to focus on fundamental and technical factors ...

Rupee Strengthens as India Leaves Interest Rates Unchanged

USD/INR falls as Reserve Bank of India leaves interest rates on hold rather than cutting them as many analysts had expected.

Brexit Briefing: Markets Worry That Frexit Could Follow Brexit

The Euro remains under pressure as markets worry that a win by the National Front’s Marine Le Pen in the upcoming French Presidential election could lead to France holding a referendum on EU me...

GBP/USD Breaks Trendline Support as UK Parliament Focuses on Brexit

GBP/USD could be heading for its third daily fall in succession, breaking out of a channel in place since January 16. The move comes as the UK Parliament begins debating amendments to the Brexit Bill...

Brexit Bill’s Progress Crucial for GBP/USD Outlook

With politics rather than economics continuing to drive the British Pound, attention in the coming days will be fixed on the Brexit Bill as it winds its way through the Westminster Parliament.

Weekly Trading Forecast: Markets Consumed by US Politics

The financial markets remain engrossed in the drama of US politics as investors weigh up the still-murky fiscal plans of President Donald Trump.

British Pound Falls as UK Composite PMI Misses Forecasts

GBPUSD dropped in European trading Friday on news that the UK composite PMI fell in January to its lowest level since November. However, climbing input costs should support the pair longer-term.

Brexit Briefing: GBP/USD Well Placed to Rally After Vote in Parliament

The UK Parliament is expected to vote in favor of formally starting the Brexit process after the European markets close Wednesday. That could remove some of the uncertainty plaguing the British Pound.

Euro Pops Higher As Trump’s Trade Advisor Says It’s Grossly Undervalued

Germany is using a “grossly undervalued”Euro to gain advantage over its trading partners, according to Peter Navarro, who heads Donald Trump’s new National Trade Council.

ECB to Look Through Stronger Euro-Zone Economic Data

A raft of stronger figures from the Euro-Zone and Germany, its largest economy, is unlikely to persuade the European Central Bank to withdraw any of its monetary stimulus just yet.

French Government Bond Yields Hit Highest Levels Since 2015

While French GDP data released Tuesday were in line with expectations, bond yields jumped in a market dominated by politics ahead of the upcoming Presidential election.

Still No Post-Brexit Hangover For UK Economy, Pound Climbs

The continuing strength of the UK economy since the vote to exit the EU was highlighted again Wednesday by the latest Industrial Trends Survey from the Confederation of British Industry.

EUR/USD Rises Gently Despite Drop In German Business Confidence

The EUR/USD pair shrugged off news Wednesday that the Ifo measure of business confidence in Germany fell unexpectedly in January.

Davos Speakers Offer Their Counsel to Trump and Brexit Negotiators

Government ministers, central bankers and finance industry executives were lining up in Davos, Switzerland Friday to offer advice to incoming US President Donald Trump and Brexit negotiators.

British Pound Tumbles on Disappointing UK Retail Sales

GBPUSD drops Friday on news that UK retail sales fell by 1.9% month-over-month in December, rather than the more modest 0.1% fall predicted.

Canadian Dollar Eases After BoC Leaves Rates Unchanged

USDCAD rises gently after the Bank of Canada leaves its benchmark interest rate at 0.5%, as expected. There’s little sign the BoC will raise rates this year and a cut is possible.


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