Opinion – Monday 14 April 2014

The US stock market had another bad day on Friday, led by the NASDAQ which lost a further 1.34% to close down below 4000 for the first time since early February and is down 4.3% for the week. The S&P 500 closed down 0.95% for a loss of 2.9% on the week whilst the...

Opinion – Friday 11 April 2014

Yesterday was another day where there was no particular trigger but there was a very large downward move in equity markets, led by US Bio-tech stocks. The NASDAQ and S&P 500 closed down 3% and 2% respectively. This filtered through to other markets with US 10...

Opinion – Thursday 10 April 2014

Yesterday was a very quiet trading day until the Fed Minutes were released where an apparent watering down of rate adjustment projections saw Equities rise sharply higher and the US Dollar drop lower. The Dow and S&P closed up over 1% each whilst the NASDAQ rose...

Opinion – Wednesday 9 April 2014

Yesterday was characterised by a further shake-out of tentatively held long US Dollar positions and short Japanese Yen positions. The Yen closed up 1.29% with USD/JPY falling to 102.00 from over 104.00 last Friday whilst the Euro spiked higher to 1.3820 yesterday...

Opinion – Tuesday 8 April 2014

Yesterday, Equity markets across Asia, Europe and into the US session were lower with the decline again dominated by the tech sector due to concerns over high valuations. The NASDAQ closed down another 1.16% to post its largest 3 day losing streak since November 2011....

Opinion – Monday 7 April 2014

Last Friday’s Non Farm Payrolls came in at 192k versus 200k expected with the the previous two months revised higher by a combined 37k to leave a net gain of 229k, which has to be seen as a pretty good result. However the US Indices which were higher initially...