Opinion – Tuesday 16 May 2017

Yesterday’s trading session was devoid of any major data releases, however the huge rally in oil has been the main catalyst for most of the moves in markets over the past 24 hours. It all started just before I posted yesterday morning with the release of a joint...

Opinion – Monday 15 May 2017

In the USA, inflation expectations as measured by the University of Michigan on Friday fell to 2.3%, back to not only where they were at the end of last year, but equalling the lowest level recorded in the 24 years history of the survey. Consumer price inflation...

Opinion – Friday 12 May 2017

In what turned out to be a volatile trading session yet again after the US equity markets sold off they were quickly snapped up to only close with small losses helped by higher oil prices. This rise in oil assisted an afternoon recovery via the energy sector, after...

Opinion – Thursday 11 May 2017

Looking at yesterday’s, on paper, ECB President Draghi Dutch Parliament appearance had the potential of being the big event, but with Draghi sticking to his dovish bias the big move came from oil following an EIA report that showed the biggest draw in nationwide crude...

Opinion – Wednesday 10 May 2017

Virtually no market reaction in yesterday’s Australian Federal Budget, which has seen Fitch and Moody’s quickly out affirming their prevailing AAA sovereign ratings. We haven’t yet heard from Standard & Poor’s. There was a quick dip in AUD/USD yesterday,...

Opinion – Tuesday 9 May 2017

After just over 24 hours since Macron’s French presidential election win, the Euro and European equities are feeling a small hangover following a solid run in the previous two weeks. Early on Monday the Euro traded to a high of 1.1023, but since then it has been on...