Opinion – Friday 2 September 2016

Jump for my love was a classic 1980’s hit by the Pointer Sisters and one suspects would be particularly high in the Spotify lists of several Fed officials after yesterday’s weaker than expected Manufacturing ISM. The weak result raises the bar for this afternoon’s...

Opinion – Thursday 1 September 2016

Well while tight ranges remains the theme ahead of payrolls on Friday equity markets have ended the last month of winter on a downbeat mood with US and European indices down between 0.15% and 0.6%. The sharp fall in oil prices appears to have been the trigger with...

Opinion – Wednesday 31 August 2016

After I posted my Daily Commentary yesterday morning, there was a pretty keen anticipation of a forthcoming Bloomberg TV interview with Fed Vice-Chair Stanley Fischer, after his suggestion to rival business TV broadcaster CNBC at Jackson Hole last Friday that Fed...

Opinion – Tuesday 30 August 2016

The continuing theme of buying the dip in the stock market prevailed again yesterday with both the Dow and S&P which opened lower yesterday reversed course immediately to close 0.5% higher, as yet another start of a week gets off to a positive start. However...

Opinion – Monday 29 August 2016

Fed Chair Janet Yellen’s appearance and speech at Jackson Hole last Friday afternoon proved not to be the damp squib that many including myself were expecting, though in truth much of the sustained reaction in Currency and Interest Rate markets came not from her...

Opinion – Friday 26 August 2016

Yesterday was a day of another of still very contained major FX crosses, while Fed commentary has started to kick in from Jackson Hole. There have been TV interviews with Fed President’s Robert Kaplan (non-voter) and Esther George (voter, and dissenter). Kaplan told...