Martin Essex, MSTA

Martin Essex, MSTA

Analyst and Editor

Expertise:
Financial markets, economics, fundamental and technical analysis.
Martin Essex, based in the Eurozone, 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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Forex: What the BoE Decision on UK Interest Rates Means For GBP

In this live webinar we looked at the Bank of England’s decision to leave UK monetary policy unchanged and what that means for the Pound.

Forex: What the UK Unemployment Data Mean for GBP and FTSE

Average weekly earnings in the UK rose to 2.5% from an upwardly revised 2.3% in the latest data, while the unemployment rate was unchanged at 4.3%. The Pound slipped marginally lower.

Webinar: Market Sentiment Remains Positive Towards Oil and Bitcoin

Confidence remains high in the financial markets, with crude oil and, inevitably, bitcoin attracting attention.

Watch Out for Euro Strength as a German Coalition Deal Nears Agreement

German Chancellor Angela Merkel is inching towards a deal to keep her in power. If she succeeds, as seems likely, the Euro should benefit.

Webinar: Brexit and US Tax Plans Dominating Market Sentiment

The two topics dominating market sentiment at present are the Brexit negotiations between the UK and the EU, and US President Donald Trump’s tax plans. They could be negative for both the Pound...

Brexit Briefing: Pound To Drop Heavily When Hurdles Prove Insurmountable

The British Pound has had a strong run this year as a Brexit agreement has appeared to edge closer. However, there are too many hurdles still to jump and a heavy fall is overdue.

Weekly Trading Forecast: Volatility Ahead on Key Data, US Tax Cut

Financial markets look set for another volatile week as top-tier economic data flow amplifies price swings driven by speculation about US fiscal policy.

GBP: Resilient Despite Bad News On All Fronts

The British Pound has been remarkably resilient despite a lack of progress on Brexit and turbulent domestic politics, suggesting the bulls have the upper hand.

Gold Prices Well Supported Despite Weak Physical Demand

Gold prices are hovering near their highest levels for three weeks despite data showing physical demand falling to an eight-year low, suggesting fundamental support for the metal.

Palladium Price Surge Well Supported by Fundamentals

The price of palladium has soared to its highest level since February 2001and the advance looks justified by market fundamentals.

Euro Steadies as Data, Comments Suggest Robust Euro-Zone Growth

The Euro has stabilized after EURUSD hit a near four-month low Tuesday as evidence grows that the Euro-Zone economy is prospering.

Brent Crude Oil Price Ripe For Correction Lower After OPEC Report

The price of Brent crude oil eased back Tuesday and in Asia Wednesday after an OPEC report forecast slower growth in demand for its crude; now a sharper move downwards looks possible.

Euro Edges Lower After Mixed Bag of Economic Data

The Euro slipped back in European trading Tuesday after figures showing weak German industrial production but stronger than expected Euro-Zone retail sales.

British Pound in Demand as Soft Brexit Hopes Rise

Hopes are rising of a breakthrough in the Brexit negotiations later this week and the British Pound is benefiting, though there is plenty of scope for disappointment.

Webinar: Market Sentiment Data Pointing to Stronger US Dollar

Sentiment data are pointing to a stronger US Dollar against the Japanese Yen, the Australian Dollar and gold.

Brexit Briefing: Crunch Date For Talks Fast Approaching

December 14 will be an important date for the Brexit negotiations; the European Council is meeting and it will have to decide whether the divorce talks can move on to the subject of trade.

Pound Steadies as PMI Jump Eases Concerns About the UK Economy

The purchasing managers’ index for the UK’s dominant service sector climbed in October but that will not change the view that any further UK interest rate hikes are unlikely in the medium...

Brexit Briefing: Brexit to Drive GBP Now UK Rates Have Risen

After the Bank of England’s decision to double UK Bank Rate to 0.5%, Brexit will be the main driver of the British Pound: up on progress, down on setbacks.

British Pound Tumbles on Dovish Rate Increase by Bank of England

The Bank of England has doubled UK Bank Rate to 0.5%, as expected, but the British Pound has fallen sharply as the central bank made clear any further increases will be gradual and limited.

Limited Further Upside Potential for Brent Crude Oil Price

The surge in the price of Brent crude oil looks set to continue near term but a retracement is likely soon.


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