Opinion – Monday 24 August 2015

Despite the best efforts of policy makers of late to downplay the significance of the first Fed rate rise relative to what happens after that, global markets remain in the midst of rate rise ructions. The difference from the 2013 ‘taper tantrum’ is that that equity...

Opinion – Friday August 21 2015

It has been a very eventful past 24 hours, with US equities ending in a (deep) sea of red with the main indices all off over 2%, Bond Yields lower and the US Dollar weaker across the board led by a rally of more than 1% in the Euro. The VIX is up nearly four points to...

Opinion – Thursday 20 August 2015

Inflation is back in vogue, and (in the US) it is being kept lower by a stronger US Dollar and lower Commodity prices. That provided a theme from the FOMC Minutes and has reversed some of yesterday’s market moves, as we all watched the Chinese yo-yo’ing equity market....

Opinion – Wednesday 19 August 2015

Direction was taken from the weakness in the Chinese equity market yesterday, with yesterday’s 6.15% drop in the Shanghai equity market prompted further declines in EM currencies and developed market equity markets were broadly lower. That theme has continued...

Opinion – Tuesday 18 August 2015

News wise, it has actually been quite an eventual past 24 hours – tragically so in Thailand where a bomb blast in the centre of Bangkok during Monday’s evening rush hour is reported to have killed at least 19 people and injured more than 120. The Thai Baht is the...

Opinion – Monday 17 August 2015

An uneventful end to the week but one where mild upside surprises in US Industrial Production and PPI helped deliver slightly higher US treasury yields out to 10 years and a marginally firmer US Dollar. In FX, DXY ended the NY session +0.08%, the broader BBDXY also...