Opinion – Friday 10 January 2014

The ECB’s heightened cautious tone was the main news yesterday but with the US Payrolls now featuring as such an important guide markets were relatively tightly bound ahead of today’s release. Equities were lower more so in Europe, Bond Yields in the US...

Opinion – Thursday 9 January 2014

The FOMC Minutes from  the December meeting showed a less than unanimous decision to cut monthly bond purchases by $10 billion. Most members agreed that the labour market improved in 2013 and it was likely that it would be sustained and this meant that tapering could...

Opinion – Wednesday 8 January 2014

Despite the continuance of the big chill in North America stocks staged a rebound yesterday, as expected, ahead of the the ECB Meeting tomorrow and the Non Farm Payrolls on Friday. The US Indices ended the day up 0.65%, following on from gains seen earlier in Europe...

Opinion – Tuesday 7 January 2014

The US faces another day of freezing temperatures driving up power prices and limiting output. However it is likely that it was the worryingly low Services ISM data that drove Equities,Treasury Yields and the US Dollar lower yesterday. The cold weather should not...

Opinion – Monday 6 January 2014

Weather permitting today we should see normal trading begin in earnest for 2014 with all trading desks now manned after the Christmas and New Year celebrations. I see 2014 as one of continuing to move back towards normality which was kicked off by the Fed’s...

Opinion – Friday 3 January 2014

The start to new year trading began with a series of relatively random market moves each one not quite gelling with one another. There is potentially some kind of signal in the general wash but it might take an increase in market participation, liquidity and news-flow...