Opinion – Wednesday 1 October 2014

Data released yesterday showed the EU Unemployment Rate steady at 11.5% in August but there was a sting in the tail of the CPI release. The surprise was in the September reading of core CPI that came in at 0.7% below the range of expectations centered at 0.9%. The...

Opinion – Tuesday 30 September 2014

Global equity markets remained on the defensive yesterday, held back by some market jitters with the focus on on protests in Hong Kong as China warned other countries not to meddle in its internal affairs. Protests continued overnight with China apparently giving Hong...

Opinion – Monday 29 September 2014

US stocks rebounded on Friday from the biggest decline since July as data showed the fastest economic growth since 2011 whilst Treasuries fell after Bill Gross departed from Pacific Investment Management Company (PIMCO). The S&P closed 0.9% higher paring...

Opinion – Friday 26 September 2014

Yesterday was a very poor day for global equities with the NASDAQ being hit hard and closing down 2.0%. The continued software woes for Apple was a large factor in the NASDAQ sell-off. In Europe the DAX had a significant Key Day Reversal to the downside having traded...

Opinion – Thursday 25 September 2014

The Euro broke and closed below 1.2800 for the first time since 10 July 2013 as a result of another significant downside German IFO Survey and a major upside surprise for US New Home Sales. The IFO printed 104.7 versus 106.3 last month and in doing so has reinforced...

Opinion – Wednesday 24 September 2014

In the world of currencies and interest rates it is the further slide in Commodity Currencies that stands out over the last 24 hours with the New Zealand Dollar being the weakest, followed by the Australian and Canadian Dollar. Assisting the move lower in...