Opinion – Monday 23 June 2014

Quiet was the order of the day for trading last Friday. US Equities closed a little higher, the Dow and S&P both closed up 0.2%, whilst the UK FTSE also closed 0.3% positive and the Eurostoxx 600 ended flat. The VIX was also a touch higher at 10.85. There was no...

Opinion – Friday 20 June 2014

After Wednesday’s FOMC announcement it was Gold that was the out-performer yesterday as it rallied $47 to $1319.20, a gain of 3.6%, taking its lead from the prospect of an exceptionally accommodating US Dollar Monetary Policy for even longer. Gold very much...

Opinion – Thursday 19 June 2014

Last night the Fed left its Funds Rate at effectively zero and continued with the tapering of it’s purchases of Treasuries and Mortgage Backed Securities by another $10 billion from July 1, taking it down from $45 billion to $35 billion. No real surprises...

Opinion – Wednesday 18 June 2014

It was interesting to see equity markets higher yesterday in light of market moves elsewhere which were more consistent with traders expecting less accommodative measures by the Fed – if not tonight then in the future. European Equities were stronger, as were US...

Opinion – Tuesday 17 June 2014

Amid a lot of cross currents buffeting markets in the past 24 hours or so, US Equities closed basically unchanged as did US Treasury Yields and the US Dollar whilst Gold is down 18 Dollars. Geopolitical concerns currently centred on Iraq and Ukraine have certainly not...

Opinion – Monday 16 June 2014

Last Friday saw fairly subdued action on both sides of the Atlantic with Equities closing slightly higher, Bond Yields also higher whilst the US Dollar was virtually unchanged. US data on Producer Prices and Consumer Confidence surprised to the downside. The best...