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December 2015

Daily Currency Insight

Published: Thursday 24 December 2015

  • Santa's coming - I know him!
Merry Christmas everyone. Christmas Eve is always an odd day in financial markets; a lack of traders, a lack of data and a lack of enthusiasm for speculative trading tends to leave the market pretty flat. That won't necessarily be the case next week when there will be data but fewer traders and less volume. Hence the markets are traditionally unpredictable in the few trading days between Christmas and the New Year.
 
That is an opportunity. Whilst stores offer Boxing Day and end of year sales, foreign exchange traders get to secure their own presents by using automated orders to grab those highs and lows even if they are still partying or hung over. It is definitely worth taking a look at your needs and putting a tentative order in place to try to grab a bargain or, if a particular exchange rate level is crucial to your plans, placing some form of protection to ensure you don't lose out is very straightforward. Have a word with your Halo Financial Consultant to see what would work for you.
 
We are here on all but the public holidays although our hours will be slightly reduced to 08:30 to 17:30 next week and we will endeavour to get everyone away from the office by 16:00 today.
 
If you do need to trade today, you really need to do that early on this morning. Because banks wind down payment operations early, we won't be able to guarantee same day delivery for anything booked after 11:00am. Your Halo FX consultant will be happy to suggest levels if you’re keen.

 
The next daily and weekly currency insights will be published week commencing 4th January 2016. So, all that is left is for me to thank you for all your emails and contributions throughout the year, to thank you for your ongoing business and, on behalf of everyone here at Halo Financial,  to wish you and all your loved ones a very Happy Christmas and a prosperous and fulfilling 2016.
 

A revised version of Wham's Last Christmas.

[Hard to read unless you sing it. Go on, you know you want to]
 
Last Christmas
Was probably the start
China's bubbly just burst
And this year it got worse
This year
Central Banks say 'don't fear'
But they don't seem to make things better
 
The Fed is pushing rates high
But in the distance
The BOE's still shy
Please tell Draghi,
Who's just moved to cut rates
Well, the Euro
Is still in a bad place
 
Merry Christmas
The rates are wild as usual
With the Pound doing better than it ought to
Now Brit rates are due to rise again
But if the data's bad
Then it'll fall back again
 
Last Christmas
Was probably the start
China's bubbly just burst
And this year it got worse
This year
Central Banks say 'don't fear'
But they don't seem to make things better
 
A bunch of rates
Some having wild rides
Some dying on you
Just at the wrong time
We thought the Euro was something to rely on.
Me? I thought it was always a try on
 
A face on a Dollar with Yuan in its heart.
A Rand under cover but oil tore it apart - oooh ooh
Now we've found the Euro out I'm buying Sterling again.
 
Last Christmas
Was probably the start
China's bubbly just burst
And this year it got worse
This year
Central Banks say 'don't fear'
But they don't seem to make things better
[Repeat and fade]
 

Christmas opening hours

 
With Christmas fast approaching, it's worth planning your currency needs to ensure you don't face delays during the festivities.
 
The Halo Financial opening hours are (All GMT)
 
24th Christmas Eve – 08:30 to 16:00
29th, 30th 31st December – 08:30 to 17:30
4th January 2016 – 08:30 to 20:00 (Normal hours resume)

FX Research by David Johnson