Opinion – Tuesday 9 June 2015

Much of the blame for the abrupt reversal in the US Dollar’s post – Payrolls performance is being laid at the feet of reported comments from US President Obama, attending the G7 Summit in southern Germany at the weekend, that the strong US Dollar is a problem....

Opinion – Monday 8 June 2015

US Employers added 280,000 jobs in May, the most in five months, further dispelling fears that a first-quarter slowdown would take hold, figures from the  US Labour Department showed Friday. That followed a revised 221,000 April advance. For anybody following my new...

Opinion – Friday 5 June 2015

As has been touted in recent days, the IMF confirmed that Greece has asked the IMF to bundle its four June payments into one, delaying therefore the €301mn payment due to the Fund tomorrow. IMF spokesman Gerry Rice said that under a Fund Executive Board decision of...

Opinion – Thursday 4 June 2015

Well if Mr Draghi says it is so, we’d better get used to it. Bond Yields, particularly in Germany, continued their rise yesterday; despite the ECB’s Draghi telling us that they are committed to their QE programme. Seemingly unconcerned about higher yields (and yes,...

Opinion – Wednesday 3 June 2015

Big moves since I posted yesterday morning, not all of them consistent, but they may have caught out investors positioning for a rise in risk aversion. As news of a possible deal between Greece and its creditors came in, Bond Yields – led by Germany, rose sharply....

Opinion – Tuesday 2 June 2015

Incoming US economic data continues to rule the roost, with yesterday’s batch encompassing the manufacturing ISM (strong), construction spending (very strong) personal income (strong), spending (weak) and the personal consumption deflators (weak). These collectively...