Opinion – Tuesday 22 October 2013

Yesterday’s markets were characterised by little more than minor position squaring in front of today’s Non Farm Payrolls Report. US equities closed unchanged whilst the major currencies and Bond Yields were also little changed. Commodity prices were mixed...

Opinion – Monday 21 October 2013

US Equity indices made new highs on Friday but it was a much quieter session for bonds and currencies than witnessed on Thursday. Technology led the way with the Nasdaq closing up 1.2% to 3914 which is it’s highest closing level in 13 years led by strong gains...

Opinion – Friday 18 October 2013

The resolution to the US Fiscal impasse provided some relief to markets but there were big moves in the US Dollar across the board yesterday as markets started to reassess the Fed’s outlook. Despite a US debt deal being done and a crisis averted, for now,...

Opinion – 17 October 2013

The US Congress has finally passed a Bill to re-open the Government and raise the Federal debt limit with hours to spare before the country risked default. The Democrat controlled Senate’s bipartisan compromise won approval by 81 votes to 18. The deal was then...

Opinion – Wednesday 16 October 2013

An attempted agreement to end the US Fiscal impasse has broken down yet again. There were reports last night that the Senate were close to a Budget agreement that would keep the Government spending levels until January 15th 2014 and extend the debt ceiling until early...

Opinion – Tuesday 15 October 2013

With the US Government shutdown and debt ceiling talks rolling on for yet another day with no clear impasse as yet the US Dollar lost some ground yesterday though not dramatically so. Most of the major currencies made up some ‘albeit limited’ net ground...