Opinion – Thursday 4 October 2018

Solid US data releases triggered a sharp selloff in US Treasury yields with the 10y rate climbing to its highest level in 7 years while the 30 year tenor ascended above 3.30% for the first time in four years. Both the ISM Non-Manufacturing and ADP Employment print...

Opinion – Wednesday 3 October 2018

More worries about Italian deficit jitters sends EUR/USD back to 1.1505 before a late afternoon rally, that has continued overnight sees the EUR/USD trading at 1.1580 this morning. Equity markets were weak early following a fresh Emerging Market Asian wobble. However...

Opinion – Tuesday 2 October 2018

European and US markets have started the week with a risk-on slant, even European stocks managing some net gains despite heavy European bank stocks and another step up in Italian Interest Rates as the market re-prices back to a more expansive fiscal setting. Global...

Opinion – Monday 1 October 2018

After a volatile trading session on Friday, it was announced earlier this morning that the U.S. and Canada have agreed a new Trade deal. This has resulted in an unchanged Dollar but the US Equity Markets as measured by the Futures Market is set to open sharply higher...

Opinion – Friday 28 September 2018

Post the FOMC yesterday, markets were steady until late morning headlines hit the screen suggesting the Italian government was in a quarrel with the two deputy PMs pushing for an increase in the deficit. The news triggered a sharp drop in the Euro which accelerated...

Opinion – Thursday 27 September 2018

Markets treaded water ahead of the FOMC and with the Statement and projections in line with expectations we have seen limited reaction post. The removal of the word ‘’accommodative’’ did elicit an initial wiggle in US Treasury yields and the US dollar, but with the...