Opinion – Wednesday 25 February 2015

Fed Chair Janet Yellen came and went last night, and in truth markets are not a whole lot wiser on the question of when the Fed is likely to start normalising monetary policy. That said markets do not lie, and the ‘Bond Market Vigilantes’ that are Wall Street’s...

Opinion – Tuesday 24 February 2015

 US stocks have given back a little of last Friday’s late-session gains that came on news of an in-principle deal to grant Greece a four month extension to its current bailout. Here, a delay until today to the submission of the list of reforms to which Greece would...

Opinion – Monday 23 February 2015

Last Friday the EUR/USD traded on 1.12, 1.13, and 1.14 handles, in the now familiar, red headline-driven drama that was the latest emergency session between Greece and her Euro-Zone counterparts. The end result was a deal, struck after European markets finished for...

Opinion – Friday 20 February 2015

Shortly after I posted yesterday morning Greece announced that it had made a formal request to its European creditors for a six month extension of its bailout that runs out at the end of this month. There are mixed reports about how Germany might view this application...

Opinion – Thursday 19 February 2015

The key paragraph in the Minutes released last evening of the Fed’s January Meeting reads as follows: ‘Many participants indicated that their assessment of the balance of risks associated with the timing of the beginning of policy normalisation had inclined them...

Opinion – Wednesday 18 February 2015

A short Euro market has been squeezed higher over the past 24 hours amid wire stories covering the continuing speculation over Greece’s future amid talk of looming deadlines. Greece which apparently had been told it has until Friday to apply for a programme extension,...