Opinion – Monday 24 October 2016

Friday witnessed a fairly quiet end to what was a quite volatile week with both US and European stock indices closing virtually unchanged, the US Dollar extending gains before giving back a little into the NY close and Treasury yields drooping to be lower on the week...

Opinion – Friday 21 October 2016

The ECB meeting came and went with absolutely no change in Monetary Policy, as expected, but also with a whippy Euro, flicked around as ECB President Mario Draghi responded to questions at the press conference on whether the Council discussed extending QE beyond next...

Opinion – Thursday 20 October 2016

Resorting to national anthems this morning which is admittedly pretty lame, though a glance at the intra-day  chart of the Canadian dollar offers some justification. In fact most of this volatility in the currency related not to the oil price – where WTI crude has...

Opinion – Wednesday 19 October 2016

It was a pretty measured past 24 hours for markets, the Pound showing more stability (for now anyway), up around 0.5% from  yesterday morning’s levels in the wake of a story on legal advice to the UK Government that the UK Parliament will vote on the terms of exit...

Opinion – Tuesday 18 October 2016

Markets have started the week in tentative mood reflecting some concerns on the outlook. US Equity markets closed lower with energy stock leading the decline, weighed down by the pullback in oil prices as scepticism appears to be rising on OPEC’s ability to...

Opinion – Monday 17 October 2016

Last Friday’s US Retail Sales data failed to have a significant impact on markets.  In contrast Janet Yellen’s speech in Boston did – primarily in the form of higher Treasury yields at the longer end of the curve and with that late-day support for U.S. dollar....