Opinion – Monday 2 September 2013

After Asian markets, for the most part, managed some gains on Friday, European and US Equities went into reverse again as negative sentiment persisted despite the prospect of military action over Syria receding. The VIX Index (measure of expected volatility in the...

Opinion – Friday 30 August 2013

Global Equity markets rose yesterday supported by better than expected US Economic data. US Quarter 2 GDP was revised higher to 2.5% from 1.7% driven higher by a smaller trade gap and higher inventories whilst Jobless Claims fell to 331k from 337k. However the gains...

Opinion – Thursday 29 August 2013

Despite the continuing tensions in Syria, US equity markets edged higher yesterday with a 0.3% gain for the Dow and S&P 500. The Energy sector led the gains with a 1.2% increase, whereas airline stocks were hit amid fears of higher fuel prices. In currency...

Opinion – Wednesday 28 August 2013

The Equity markets had one of their worst days of the year yesterday as the fall out from US Secretary of State John Kerry’s comments on Syria, late on Monday, took its toll on financial markets. The Indian Rupee was hit by another 3% overnight and is now down...

Opinion – Tuesday 27 August 2013

With a quiet start to the week, due in part to London being closed for the August Bank Holiday, price action was relatively contained in the major currencies. Following on from last Friday’s soft New Home Sales Report the market has become much more focused on...

Opinion – Monday 26 August 2013

US New Homes Sales data released last Friday asks some serious questions about the veracity of the housing market recovery. Not only did sales in July plunge by 13.4%, their lowest level since October 2012, but April to June were also revised substantially downwards....