Opinion – Friday 13 January 2017

Walking on a Dream was the inaugural 2008 hit song by Aussie electropop outfit Empire of the Sun. That seems an apt description of how markets have been since the election of Trump with a dream run for equities and the US Dollar all premised on the idea of a Trump...

Opinion – Thursday 12 January 2017

Yesterday’s trading session has been a tale of two halves, a dull affair ahead of Trump’s press conference and a volatile session post. At his first press conference as president-elect Donald Trump acknowledged for the first time that he believes Russia...

Opinion – Wednesday 11 January 2017

US small business owners tend to be Republican, and those who are member’s of the National Federation of Independent Businesses (NFIB) overwhelmingly so. Thus optimism among NFIB members surged to its highest level since 2004 in December and with the monthly...

Opinion – Tuesday 10 January 2017

Global equities were mostly lower yesterday, dragged lower by the oil price. That added to an already uncertain tone following indications that the UK may be hurtling towards a harder Brexit than first thought. UK PM Theresa May stated on the Weekend that the upcoming...

Opinion – Monday 9 January 2017

US equities opened Friday’s session on the back foot, but a decent US Payrolls Report, as a whole, triggered a turnaround in sentiment and helped equities end the week on a positive note (S%P +0.35%, DJ +0.32% and NASDAQ +0.60%). The Dow came close to breaking through...

Opinion – Friday 6 January 2016

Markets interpreted Wednesday’s Fed Minutes as slightly dovish which saw the US dollar decline 1.1% across the board in the past 24 hours with Bond yields also lower. China’s efforts to address capital outflows and hence stabilise the yuan likely added to...