Opinion – Wednesday 2 November 2016

Politics has once again triumphed over economics judging from yesterday’s market price action. US Equities are off, the VIX is up, the US Dollar is lower, US Treasury yields are lower and the Mexican Peso/Japanese Yen cross (-2.5%) is still proving to the be the FX...

Opinion Tuesday 1 November 2016

There are few bigger celebrities than Donald Trump and markets on Friday demonstrated that they fear him as President far more than they fear the Fed. In the hour after it was announced that Hillary Clinton’s emails were the subject of a new FBI probe, USD/JPY dropped...

Opinion – Friday 28 October 2016

The Bee Gees 1979 classic “Too Much Heaven” pretty much sums up yesterday’s news, with UK GDP printing much better than expected at 0.5% Q/Q against expectations of a 0.3% print. The better than expected UK GDP figures, along with a very strong Retail Trade Survey and...

Opinion – Thursday 27 October 2016

Well, price action yesterday is probably best described as choppy or turbulent. US equities have fluctuated between gains and losses amid mixed earnings results while in Europe equities have ended the day in negative territory with uncertainty surrounding the ECB bond...

Opinion – Wednesday 26 October 2016

In yesterday’s markets, we have seen the US stock market’s crown slipping a little largely thanks to lower oil hitting the energy and materials sectors (crude is off just under $1). Consumer discretionary stocks are down even more and which may owe something to the...

Opinion – Tuesday 25 October 2016

While European Markets started the week in lethargic mood, trading sideways for most of yesterday, US stocks opened higher following a series of merger announcements with the market also getting a boost from better than expected earnings reports. In Currencies, the US...