Opinion – Friday 13 March 2015

A brutal, partial reversal of the past week’s US Dollar surge was the defining feature of markets over the past 24 hours. A poor US Retail Sales Report extended the Dollar losses, but also marked the turning point. The broad Bloomberg Dollar Spot Index was as much as...

Opinion – Thursday 12 March 2015

Euro-Zone Bond Yields continue to trade lower yesterday with German 10 Year falling a further 2.5bps to 0.21%. Italy Spain and Portugal all fell 9bps each and their 10 Year Bond Yields are now at an incredible 1.128%, 1.15%and 1.617% respectively. The move lower in...

Opinion – Wednesday 11 March 2015

A glance at the 10-Year German Bund Yield this morning shows the Yield down anther 8bp to just 0.23% which tells us most of what we need to know in understanding the unrelenting slide in the EUR/USD rate at a time when comparable US Treasury Yields have been trending...

Opinion – Tuesday 10 March 2015

The last 24 hours saw a lower Euro and a much weaker Japanese Yen, the USD/JPY rising above 121 and consolidating around 121.70 in early trade this morning. The Yen was on the back foot after the final reading for Japanese Q4 GDP was released and revised down to 0.4%...

Opinion – Monday 9 March 2015

NOK aside, and which was crunched by some appalling industrial production data on Friday (-3.0%m/m) as well as further weakness in oil prices, it was EUR/USD – followed by NZD/USD – led the surge in the USD in the immediate wake of another quite stunning...

Opinion – Friday 6 March 2015

The past 24 hours has seen the US Dollar move higher across the board, with the Dollar Index closing up 0.50%. The Euro has tested 1.10 and is currently trading just above this level as we await the Key US Employment Report at 1.30 pm. The Dollar rose despite little...