Opinion – Tuesday 20 September 2016

Markets have been tapping their fingers yesterday in the lead up to the two day Fed Meeting which starts this afternoon. Currencies have traded in very contained ranges, with the US Dollar only somewhat softer again while the US Treasury Curve sees Bond Yields 1-2...

Opinion – Monday 19 September 2016

August US CPI data turned out to be the driver of much of Friday’s market price action. The 0.3% rise in the core CPI series pushed annual growth up to 2.3% from 2.2%, which matched its post-recession cycle high and versus the 2.2% expected. It is worth...

Opinion – Friday 16 September 2016

During the US Dollar’s recent revival associated with deteriorating global risk sentiment and steepening yield curves, the commodity currencies – in particular the AUD and NZD – have been the hardest hit. Thus it’s no surprise to see the antipodean currencies topping...

Opinion – Thursday 15 September 2016

Mental preparations for another onslought of selling bonds and equities were put on the backburner with markets becalmed yesterday until the last hour of trading in the US when the stock market got hit again. The US Dollar gave back a little ground with the Bloomberg...

Opinion – Wednesday 14 September 2016

Tuesday’s comments from Fed Member Brainard in Chicago appeased fears of an imminent rate hike in September, but concerns of a rising belief within the Fed that the benefit of keeping monetary policy accommodative is waning appears to have left markets uneasy....

Opinion – Tuesday 13 September 2016

Well there’s one conspiracy theory that has come to naught, that Fed Governor Brainard – a monetary policy dove to now – had become more policy hawkish and indicate that next week’s September 20/21 FOMC Meeting would be ”live”. Speaking on the...