Opinion – Wednesday 19 April 2017

The Pound soared 2.2% following the UK PM’s call for early elections. Polls currently put the Tories in front at 42% of the vote, up from the 37% result in the 2015 election, and there is a good chance that the government could increase its majority in Parliament and...

Opinion – Tuesday 18 April 2017

Plenty of news, both economic and geopolitical, since we broke for Easter, the net market impact of which has frankly been quite modest. The risk-negative tone that pervaded markets last week and which centred on escalating geopolitical tension surrounding North...

Opinion – Thursday 13 April 2017

Geopolitics took a backseat last night with Trump’s Wall Street Journal interview dominating market moves. Trump stated the US Dollar is too strong and that he likes a low-Interest Rate policy. That saw the US Dollar immediately gap lower along with US Bond Yields....

Opinion – Wednesday 12 April 2017

The global macro picture has been muddied by a rise in geopolitical tensions while economic data releases have been largely ignored and safe haven assets have outperformed. North Korea has warned of nuclear strikes if provoked and Trump’s fingers have also played a...

Opinion – Tuesday 11 April 2017

I saw a UFO was the 2006 hit song by Australian Electro-pop outfit Sneaky Sound. Will geopolitics prove to be the UFO for markets in 2017? Not if you believe moves yesterday with only small changes in yields, equities and currencies, while the VIX remains at a low...

Opinion – Monday 10 April 2017

Who would have guessed that on a day when Geo-polical stress was once more to rear its head via the bombing of a Syrian air-base by the United States, and US Non-Farm Payrolls rose by less than 100,000 (98K and with 38K worth of downward revision), that the US Dollar...