Opinion – Thursday 24 May 2018

The risk off tone that started just before I posted yesterday morning, amid a 3% drop in the Turkish Lira and stalling news on US-China trade talks, extended into the European session courtesy of underwhelming PMI’s in the Euro-Zone and a soft CPI print in the UK....

Opinion – Wednesday 23 May 2018

There have been no major economic releases over the past 24 hours and the news has been more of another instalment of recent themes. China trade tension news was risk-supportive, China announcing a cut from July 1 of car tariffs from 25% to 15% and some car parts to...

Opinion – Tuesday 22 May 2018

On first impressions it has been a quiet risk positive past 24 hours in markets, US equities have closed higher, 10y US Treasury yields are little changed and the US Dollar is almost exactly where it was this time yesterday. However, there are a few themes simmering...

Opinion – Monday 21 May 2018

A ‘’risk-positive’’ start to the week is already in evidence via higher opening level of the US Futures Markets for both the Dow and S&P while the DAX is again trading at new all-time highs this morning. This follows the weekend news that the US has effectively...

Opinion – Friday 18 May 2018

Amid a range of uncertainties from Italian politics, North Korea’s tantrum, US-China trade talks, NAFTA, Brexit and ….let us not forget Iran, market moves over the past 24 hours have been relatively subdued reflecting a wait and see mode by investors. So with...

Opinion – Thursday 17 May 2018

Commodity currencies have all made a decent comeback since I posted yesterday morning despite a fairly mixed performance from commodity prices, albeit Brent crude has now topped $79 for the first time since November 2014. Euro weakness has much to do with it, linked...