Opinion – Wednesday 13 May 2015

European Equity markets closed sharply lower yesterday although they are rebounding this morning with US Stocks closing down 0.3% having been over 1% lower at one stage after I posted 24 hours ago. Both are watching the recent back up in Bond Yields, with an eye to...

Opinion – Tuesday 12 May 2015

Lacking fresh data or major events, yesterday was a relatively subdued trading session where with a couple of exceptions markets have partially – or more than fully – retraced some of the moves we saw in the aftermath of last Friday’s US Employment Report. Thus...

Opinion – Monday 11 May 2015

The April US Employment Report proved to be a ‘Goldilocks’ affair for markets, not strong enough to detract from the view a first Fed tightening probably will not happen at least before September, and not weak enough to undermine optimism toward a better economy in Q2...

Opinion – Friday 8 May 2015

If you pull an elastic band hard enough, it will snap back and might hurt. This certainly was the case in Bond Markets yesterday but we also know that the band runs out of energy at some point. We might just have seen the last bit of energy in yesterday’s trading...

Opinion – Thursday 7 May 2015

  We are likely in for an interesting debate ahead. Central Banks lower policy accommodation to astonishing levels and then suggest that markets might be a touch expensive. Funny that. The warning from the Fed Chair Janet Yellen was heeded late yesterday, with US...

Opinion – Wednesday 6 May 2015

It has been a very eventful past two trading sessions for the Australian Dollar, which sits atop the major FX leader board, trading at 0.7950 in early trade this morning. The reaction of the AUD immediately after the RBA Statement said it all. The AUD only briefly...