Opinion – Tuesday 18 September 2018

Well, after all this waiting it seems that we are almost there with President Trump confirming a China trade announcement of $200bn new tariffs on Chinese goods (after the close of the U.S. Markets) as it escalates its trade war with Beijing. The taxes will take...

Opinion – Monday 17 September 2018

An otherwise positive Friday for risk sentiment, bond yields (higher) and the US dollar, aided by a reasonably strong set of US economic data, was punctuated late Friday by a Bloomberg source story saying that President Trump has issued instructions to officials to...

Opinion – Friday 14 September 2018

A 625bp rise in Interest Rates from Turkey’s central bank ignited a sharp rally in the Lira which in turn has dragged most (but not all) Emerging Market currencies up in its wake as well as boosting the Euro. The latter also benefited from a relatively positive...

Opinion – Thursday 13 September 2018

We have seen a sequence of better trade reports over the past 24 hours that for now has flushed out some Australian Dollar short positions and USD longs. Setting the scene yesterday were words from Trump that the US-Canada trade talks are ‘’coming along very well’’...

Opinion – Wednesday 12 September 2018

Solid US data and higher oil prices lift US Treasury yields across the curve with pricing of US Fed hikes expectations also increasing for 2018 as well as 2019. US equities close higher, dismissing the negative lead from Europe and the USD had a quiet session despite...

Opinion – Tuesday 11 September 2018

Markets have been quite benign over the past 24 hours. There has been no news on US tariffs from the White House and no first tier data to trouble the scorers. Most major currency pairs have been relatively contained. The EUR/USD has traded in a 80 point range since I...