Opinion – Thursday 19 May 2016

Last Evening’s release of the FOMC April Minutes which got the attention of the newswires which saw a large reaction in Interest Rates, Currencies, Equities and Gold. Recall that the outcome of that meeting was relatively uncontentious. The Fed seemingly...

Opinion – Wednesday 18 May 2016

US equity markets closed 1% lower yesterday while the US Treasury Curve flattened to its lowest level since 2007 after solid US economic data and hawkish Fed talk which increased the market’s expectations of more US Interest Rate hikes. The US headline CPI...

Opinion – Tuesday 17 May 2016

After a few days when it looked as though global markets , whether in FX, Interest Rates or Equities, were no longer moving in lock-step with intra-day swings in the oil price, oil looks to be back front and centre of things as shown by yesterday’s price action....

Opinion – Monday 16 May 2016

. The US Dollar continued to gain momentum after the European markets opened last Friday and the Dollar move higher was helped by the better than expected US Retails Sales data which printed +1.3% versus +0.8% expected. The Core measure also came in very strong at...

Opinion – Friday 13 May 2016

The FX markets which have been very calm over the past week changed yesterday leading to a fair amount of volatility. The Australian Dollar sits at the bottom of the G10 Leader board, extending its losses that started just after I posted yesterday morning with the...

Opinion – 12 May 2016

The rise in oil prices yesterday were not enough to prevent a retail driven decline in US equity markets. The US Dollar was weaker across the board while a solid 10 year US Treasury Auction amid a cautious mood helped core Bond Yields move lower. Disappointing...