Opinion – Friday 29 July 2016

Yesterday was another quiet though profitable trading session with little in the way of top tier data apart from the company reporting season. Again, anything Japanese related has been volatile with markets gyrating on rumours of the extent of the Fiscal and Monetary...

Opinion – Thursday 28 July 2016

The FOMC announced no change in the Fed Funds Rate as expected with no overt smoking gun that a September rise is in the offing. This saw some selling in the US Dollar with compensating rises in the majors and extended a rally in US Treasuries that was already...

Opinion – Wednesday 27 July 2016

Yesterday was another quiet trading session with no top-tier data, with the exception being the currency markets where most of the action occurred in the Asian time zone. The Japanese Yen ranks number one on the G10 Leader Board, surging 1.1% as markets gyrate on the...

Opinion – Tuesday 26 July 2016

Markets have shifted from a wait and see stand to a slightly more suspicious mode ahead of the Fed and Bank of Japan Meeting’s this week. US equities retreated from new record highs pulled down by energy shares as oil prices fell. Oil prices have remained under...

Opinion – Monday 25 July 2016

US equities indices edged a little bit higher on Friday despite mixed corporate earnings while European equities ended the day practically unchanged despite the fact that European Flash PMIs for July were better than expected. The USD was stronger across the board...

Opinion – Friday 22 July 2016

The ECB’s policy meeting has come and gone without any policy action, though none was expected. At 1.1025, the EUR/USD sits where it was late yesterday in the wake of some intra-session ECB Volatility. In his press conference, ECB President Dragi noted the...