Opinion – Thursday 13 February 2014

The markets seem to have embraced the idea of more Fed tapering as they have more confidence that the Global recovery is on track. US Equities ended the day mixed with European markets higher. Oil and Gold prices were stronger and Bond yields broadly higher. The US...

Opinion – Wednesday 12 February 2014

New Fed Chair, Janet Yellen’s Testimony to the House provided few surprises. Yellen emphasised continuity in the Fed’s policy and praised the work of her predecessor Ben Bernanke. She said that she expected QE tapering to continue ‘in further...

Opinion – Tuesday 11 February 2014

Yesterday was a particularly quiet day for markets in contrast to the previous 10 days as traders decided to take a breather ahead of New Fed ChaIr Janet Yellen’s testimony this afternoon. European markets closed mixed. The US Dollar ended the day lower.Gold...

Opinion – Monday 10 February 2014

The anticipation of the monthly US Payroll Number often ends with a shrug of the shoulders, a shake of the head and then ignoring the numbers and moving right on to the next data. This was the case last Friday as the weaker than expected headlines were dismissed as a...

Opinion – Friday 7 February 2014

Yesterday was a good day for equity markets on the back of better earnings reports and economic data. Both the Dow and the S&P ended  the day up 1.25% whilst European markets averaged a 1.6% gain. US Jobless Claims fell 20k last week, to 331k, thus adding to the...

Opinion – Thursday 6 February 2014

Yesterdays markets were relatively quiet and ended the day somewhat unchanged to mixed. There was a relatively muted response to the positive US data most likely in anticipation of Friday’s US Non-Farm Payrolls Report. US Equities ended the day little changed...