Opinion – Wednesday 14 March 2018

US CPI readings printed in line with expectations easing concerns over a potential acceleration in the pace of Fed hikes. The news saw US equities open higher while the US Dollar and US Treasury yields moved lower. However, later in the session risk sentiment was...

Opinion – Tuesday 13 March 2018

Yesterday we had a trading session of very contained markets with US Treasury yields trading within recent ranges, stocks mixed, and the US Dollar losing a little more ground against most majors. There has been no major economic data of note. Notwithstanding a...

Opinion – Monday 12 March 2018

There was evidently nothing for the US Dollar in what was a ‘’goldilocks’’ US Employment Report on Friday. Fears of 4 rates hikes from the Fed this year have receded while risk sentiment is back firmly in the ascendency for now at least. This turned recent mild...

Opinion – Friday 9 March 2018

Just before the US Markets closed last night President Trump convened a meeting in the White House where he finalised his tariff proposal on steel and aluminium imports, with the hope of getting it signed into law overnight (though it could be later today or early...

Opinion – Thursday 8 March 2018

Yesterday European equities opened with a risk off tone following news that Gary Cohn would resign as President Trump’s top economic adviser. The risk off theme continued for most of the day, but news from the White House just after 6.00 pm, that there is a...

Opinion – Wednesday 7 March 2018

Shortly before the US Markets re-opened last night, President Trump’s Economic Advisor Gary Cohn resigned. This surprise move is weighing hard on equity markets this morning with the Dow trading some 380 points lower from where we closed while the S&P is 30...