Opinion – Tuesday 29 August 2017

With Jackson Hole out of the way, markets and related news have been more focussed on Hurricane Harvey, some more news stories out of the West Wing and the resumption of UK-EU Brexit talks. It was a bank holiday in the UK. However just after the US Markets closed in...

Opinion – Monday 28 August 2017

Jackson Hole came and went and we were left none the wiser in terms of near term Fed or ECB Policy. The US Dollar ended the week weaker, as Draghi’s silence on the Euro boosted the single currency, although some of the gains were pared in the Q&A session after he...

Opinion – Friday 25 August 2017

Markets are little changed in the lead up to Jackson Hole, with little in the way of major FX moves to report. The Bloomberg spot USD index has made some net gains by closing up 0.15%, more from a continued a choppy Pound and somewhat lower levels for the Yen and the...

Opinion – Thursday 24 August 2017

Tuesday’s US Dollar resurgence accompanied by an improvement in risk appetite and hopes of progress on US tax reform came to an abrupt end courtesy of President Trump threat of a government shutdown, if funding isn’t included for the border wall promised in his...

Opinion – Wednesday 23 August 2017

Yesterday was a risk-on trading session which helped see some support return for the US Dollar with the Bloomberg Spot Dollar Index closing up 0.34% (the DXY by 0.46%), while both the Swiss Franc and the Japanese Yen seeing the larger declines. The driver has been US...

Opinion – Tuesday 22 August 2017

Even though yesterday was a narrow based trading session, it was a very busy one for me and my Platinum Members with little data of note. The most significant moves were contained to continued US Dollar weakness (DXY -0.4%) and ongoing strength in most base and...