Opinion – Friday 3 March 2017

Yesterday’s trading session was volatile with EU inflation jumping to a 4 year high of 2%, US Jobless Claims falling to a 44 year low of 223k and Snap, the parent company of message app Snapchat, rallying 41% on its first trading day. Meanwhile on the cold end...

Opinion – Thursday 2 March 2017

Something of a return to the good old days in the last 24 hours, when an infolding economic calendar and rhetoric from Fed officials counted for more than what the leader of the free world had to say. So it was that New York Fed president Bill Dudley – considered to...

Opinion – Wednesday 1 March 2017

Anyone hoping President Donald Trump was going to get into anything specific on proposed fiscal policy or regulatory changes (financial or otherwise) will surely have come away disappointed from his address to a joint session of Congress. It was, predictably, long on...

Opinion – Tuesday 28 February 2017

In the lead up to President Trump’s joint session address tonight in Washington (Wednesday 2.00 am GMT is the scheduled time), the US Treasury yields have started the week moving back up, but without too much conviction. The US Dollar is not breaking decisively to the...

Opinion – Monday 27 February 2017

Another quiet end to a quiet week but with the U.S. Dollar grinding out small gains despite further slippage in US Bond yields (10s -6bps) and a fairly flat U.S. stock market (albeit new record closing highs for the S&P and the Dow). Core Eurozone and UK Gilt...

Opinion – Friday 24 February 2017

More focus on the US economy and the US Dollar yesterday in the wake of a spate of interviews given by now-confirmed US Treasury Secretary Steve Mnuchin. He gave his first interview with the Wall Street Journal om Wednesday and followed that up yesterday with two more...