Opinion – Monday 23 March 2015

If  Thursday saw much of Wednesday night’s post FOMC market gyrations almost fully reversed, then Friday marked a ‘reversal of the reversal’ in most asset classes. The US Dollar was back down if not quite to its immediate post-FOMC extremes, equities bounced back...

Opinion – Friday 20 March 2015

Anyone who happened to have taken a midweek vacation to another planet could be forgiven for walking into their office this morning and muttering the effect that ‘So the Fed was a non-event then?’ The EUR/USD and which on Wednesday night managed to trade on five...

Opinion – Thursday 19 March 2015

The Fed has dropped the word ‘patience’ from its post-FOMC Meeting Communique, which saw the Dollar sharply lower, as are Bond Yields and equity markets are sharply higher in one of the most volatile three hours of trading that I have witnessed in a very long time....

Opinion – Wednesday 18 March 2015

The FOMC Meeting got underway yesterday afternoon and concludes with this evening’s rate announcement at 6.00 pm. The question is whether the accompanying market backdrop is a direct reflection of the nervousness over the outcome, or rather may actually feed into it,...

Opinion – Tuesday 17 March 2015

Equity markets have powered ahead on both sides of the Atlantic over the past 24 hours, led by Germany’s DAX. Unlike most stock Indices, the DAX is flattered by the inclusion of dividend payments in its calculation. Nevertheless, it was less than a month ago on Feb 20...

Opinion – Monday 16 March 2015

The US Dollar was back in favour on Friday, a quick recovery following last Thursday’s brutal snapback of the Dollar gains seen over the past fortnight. Investors look to be jockeying in to long US Dollar positions ahead of the FOMC decision on Wednesday. US data...