Opinion – Thursday 20 December 2018

In the face of increasingly shrill protestation from the US President but with support from the Wall Street Journal and a few prominent hedge fund managers, the Fed delivered on pre-meeting consensus expectations and lifted its Fed Funds rate target by 25bps to a...

Opinion – Wednesday 19 December 2018

Two big stories yesterday, another cathartic clean out in oil prices and more pressure from President Trump on the Fed after the Wall Street Journal suggested the Fed should pause. Stocks were down in Europe after the soggy session in Asia, while the US market was...

Opinion – Tuesday 18 December 2018

Equity markets are a sea of red amid a wary mood by investors with soft US data releases not helping the mood either. All three main US Indices closed over 2% lower with the lack of liquidity a major problem. Ahead of the FOMC tomorrow President Trump had another go...

Opinion – Monday 17 December 2018

Things went from bad to worse Friday starting with the RBNZ’s missive proposing that New Zealand’s large banks lift their total capital from 10.5% to 18%. Markets did not react immediately but within half an hour the S&P e-mini and very shortly thereafter NZD and...

Opinion – Friday 14 December 2018

In what has been an orderly and quiet market, the main event has been the outcome of the ECB meeting, its forecasts, guidance and takeaways from the Draghi press conference. The market was primed and expecting a very dovish ECB that the ECB seemed to deliver in its...

Opinion – Thursday 13 December 2018

Yesterday President Trump said it would be ‘’foolish’’ for the Fed to raise Interest Rates again next week, demanding help in his trade fight with the US. The plea rightly fell on deaf market ears with no shift in pricing for a rate rise next Wednesday. This currently...