Opinion – Wednesday 16 May 2018

Contrary to my expectations, the US Dollar roared higher after I posted yesterday morning with the Bloomberg Spot Dollar Index closing higher by 0.61%, US 10y Treasury yields testing above 3.09% during the session just and still at 3.072% as I go to print. It was not...

Opinion – Tuesday 15 May 2018

Yesterday’s trading session was noticeable for its absence of any key Economic releases where a further lift in oil prices seems to have had the largest identifiable role in bond and equity markets. The US Dollar has regained a measure of support, though it has been...

Opinion – Monday 14 May 2018

We had a fairly subdued end to what has been a pretty eventful week characterised by additional oil market (and broader commodity price) strength linked to Donald Trump’s decision to pull out of the Iran nuclear deal, a failure of US CPI inflation to accelerate, an...

Opinion – Friday 11 May 2018

The USD and Sterling are the both softer over the past 24 hours, after US core CPI surprised by 1/10% to the downside and the Bank of England shaved a 1/10% off its inflation forecasts and gave a nod the current market pricing that currently see no more than three...

Opinion – Thursday 10 May 2018

Price action over the past 24 hours has been all about the jump (+3%) in oil prices following yesterday the decision by President Trump to pull the US out of the Iran nuclear deal. 10y UST yields have climbed above 3% and US equities have rallied with gains led by...

Opinion – Wednesday 9 May 2018

Though markets were on tenterhooks yesterday awaiting President Trump’s decision on whether the US would pull out of the 2015 Iran nuclear agreement, the decision to do so when it came ‘’ an immediate hard’’ exit and known a few hours before the formal 2pm Washington...