Opinion – Wednesday 8 February 2017

In what has been a quiet past 24 hours of data releases and tweets from President Trump, the USD has been the quiet achiever amid simmering political and fiscal uncertainties in Europe, softer oil prices, flat US equities and lower US Treasury yields. Last week I...

Opinion – Tuesday 7 February 2017

It has been something of a risk off session to open the week. There’s been a focus on the upcoming French Presidential elections, ECB President Draghi has been batting back criticism from across the Atlantic on currency manipulation (regretting nothing), US markets...

Opinion – Monday 6 February 2017

It was the San Francisco Fed’s (John) Williams not William (Tell) who spilled the beans on Friday saying that raising rates at the Fed’s March meeting might make sense. He said that inflation will build up if we push the economy too hard and sees arguments for moving...

Opinion – Friday 3 February 2017

Earlier this morning China’s Central Bank surprised financial markets by raising short-term rates on the first day back from a long holiday, in a further sign of a tightening policy bias as the economy shows signs of steadying. The PBOC raised the interest rate...

Opinion – Thursday 2 February 2017

The major event yesterday was the US FOMC meeting where rates were left on hold as expected. There were very few changes to the Post Meeting Statement with the Fed playing a straight bat. Markets were somewhat disappointed, with Treasury Yields and the US Dollar...

Opinion – Wednesday 1 February 2017

More unwinding of the Trump lower taxes/higher infrastructure spending US Dollar reflation trade has again been the order of the day during yesterday’s volatile trading session.. The Bloomberg spot US Dollar index closed down by 0.75% as markets again sell the...