Opinion – Wednesday 28 May 2014

After a long weekend in the US and the UK the markets opened higher with the Dow and S&P closing up, another 0.4% and 0.8% respectively, to post another record close on yet another day of low volume. The US Dollar did make some gains against the majors as it rose...

Opinion – Tuesday 27 May 2014

With US and UK markets both closed yesterday it was left to ECB President, Mario Dragi to breathe some life into an otherwise moribund market. In the event there was a modest positive response to his comments even though he made it clear that the risk of a...

Opinion – Friday 23 May 2014

Better Manufacturing PMI’s in China and the US saw equity markets make small gains yesterday albeit unfazed by the Thai military coup and the exchange of artillery fire between North and South Korean warships. Positive earnings from US retailers also supported...

Opinion – Thursday 22 May 2014

The FOMC Minutes from the April 29-30 Meeting reported that the Fed has started to discuss which tools it might use to control short term borrowing costs once they decide to begin raising the Federal Funds Rate. A staff presentation said the Fed’s options...

Opinion – Wednesday 21 May 2014

The US Equity markets closed down 0.8% on average after the main US Retailers reported lower profits and weaker forward guidance. The Dow fell 138 points and is now down nearly 250 points in the last two days. On the currency markets the big mover was the Australian...

Opinion – Tuesday 20 May 2014

Yesterday was another quiet trading session with volatility levels remaining low which provided a lethargic theme all round. US equities ended the day higher whilst European markets were lower. US Bond Yields were mostly higher whilst the US Dollar was a touch lower...