Opinion – Thursday 23 August 2018

Despite the US news wire coverage over the past 24 hours of the former Trump campaign manager Manafort’s conviction on eight counts of tax and bank fraud charges and former Trump Lawyer Cohen pleading guilty to illegal campaign finance charges and implicating Trump,...

Opinion – Wednesday 22 August 2018

After Monday’s Bloomberg headlines of Trump complaining that Fed Chairman Powell has not been ‘’cheap money Fed chair’’, late in the NY session Reuters published an interview with Trump which served to maintain negative US Dollar momentum. The acceleration in the USD...

Opinion – Tuesday 21 August 2018

DXY, the US Dollar Index, recorded its fourth consecutive daily decline against a backdrop of improved risk appetite, lower UST yields and news that President Trump had expressed disappointment with recent Fed hikes. According to a Bloomberg story, speaking at a...

Opinion – Monday 20 August 2018

On the heels of Thursday’s FX about-turn on the news that trade talks between the US and China would resume in Washington later this month (reportedly now from this Wednesday), the Wall Street Journal on Friday afternoon NY time reported that the U.S. and China were...

Opinion – Friday 17 August 2018

News of US-China trade talks revival, albeit at low levels, boosted risk sentiment during the London session yesterday while the positive mood was further enhanced by solid US earnings reports. The US has led the gains in equities and the improvement in risk sentiment...

Opinion – Thursday 16 August 2018

Yesterday the MSCI Emerging Market Equity Index (MXEF) entered bear market territory, down over 20% from its early January highs. The latest moves have been led by a 6.5% drop in the share price of Tencent after the Chinese e-commerce behemoth reported its first...