Opinion – Friday 30 January 2015

The US Dollar closed higher across the board yesterday, helped by a steady-as-she-goes FOMC Statement on Wednesday. Amongst the biggest losers was the Australian Dollar which closed 2% lower. The FOMC Statement had something for everyone but overall, it confirmed to...

Opinion – Thursday 29 January 2015

The US Dollar is little changed from 24 hours ago but Bond Yields are marginally lower after the Fed issued a post Meeting Statement repeating that it will be patient in beginning to normalise Monetary Policy. The Fed Statement offered few surprises and some subtle...

Opinion – Wednesday 28 January 2015

The Dollar was hit hard yesterday after I posted, falling against all G10 currencies on the back of remarkably weak US Durable Goods Orders. The Euro was a key beneficiary, up as much as 1.6%, before paring those gains to sit at 1.1350 this morning. Core Durable Goods...

Opinion – Tuesday 27 January 2015

The US Dollar ended last week on a strong note and started this week with more momentum aided by further Euro weakness. The Greek election has come and gone with anti-austerity Syriza Party winning the largest number of seats with its young leader Alexis Tsipras the...

Opinion – Monday 26 January 2015

For the most part, last Friday’s markets simply continued to play the big trends reinforced by the ECB’s new QE programme, with Bond Yields lower, Equities higher and the US Dollar higher. Data seemed to have little say with the Australian Dollar falling...

Opinion – Friday 23 January 2015

President Dragi and the ECB have managed to carefully surprise the markets with their €60 billion QE announcement which has seen a substantial rally in Equity and Bond markets while the Euro continued its plunge into the 1.1212/1.1374 ‘Open Gap’ from 2003....