Opinion Wednesday 4 November 2015

A rising commodities tide lifted all boats yesterday, with an improved tone in risk evident in equities, bonds, and currencies. The AUD outperformed after the RBA stood pat yesterday. It is a very busy day ahead. Following the no change to Monetary Policy, the Board...

Opinion Tuesday 3 November 2015

Currencies, for the most part, took a back seat in a largely so-so session for broader financial markets yesterday. Positive European and UK manufacturing data helped support sentiment. But investors appear to be in a holding pattern ahead of bigger event risks later...

Opinion Monday 2 November 2015

Unlike Wednesday Night and Thursday (post FOMC, RBNZ), Friday was not a big day for markets and following the BoJ’s earlier ‘no change’. End of month rebalancing flows appeared to dominate price action, meaning a slightly softer US Dollar (DXY -0.35%, BBDXY -0.42%)...

Opinion – Friday October 30 2015

With the echo of the FOMC still ringing in its ear, the market repriced the odds of the Fed moving in December, lifting the probability to a 50/50 call, those odds having been tracking at a less than one in three chance before the FOMC. US Treasury yields lifted...

Opinion – Thursday 29 October 2015

If the FOMC’s objective at Wednesday’s meeting was to ensure that market’s didn’t further downgrade their expectations for Dec 2015 ‘lift-off’, then by all accounts it was ‘mission accomplished’. Yet when the comment that the risks around its economic outlook...

Opinion – Wednesday 28 October 2015

The US Dollar sits near the top of the currency leader board this morning, retaining its composure, though more by default of weakness elsewhere. Oil-sensitive currencies are lower on the back further weakness in the price of crude, equity markets were soggy on both...