Opinion – Friday 23 August 2013

Though the likes of the Turkish Lira, Indian Rupee, Indonesian Rupiah are weaker again over the last 24 hours there has not been the same severe stress in emerging markets that we saw mid-week. Better economic data out of Europe, and to some extent from the US, has...

Opinion – Thursday 22 August 2013

Yesterday was all about the FOMC and we saw some pretty immediate price action after the release of the Fed Minutes from the July 31st meeting. When the headlines hit the screens that the FOMC showed broad support for the tapering timeline that Bernanke had outlined...

Opinion – Wednesday 21 August 2013

Ahead of the FOMC Minutes, due tonight at 6 pm, it was a rather listless day for markets in thin liquidity conditions coupled with the absence of large market making news. After Asia was dominated yesterday by quite a bit of selling in Equities, European Markets...

Opinion – Tuesday 20 August 2013

Equity markets continued their recent slide with nearly 5 stocks down for every 1 stock up on the NYSE and this theme has continued overnight with the Nikkei losing another 2.7% as the market awaits the latest FOMC Minutes, due tomorrow evening. There was little or no...

Opinion – Monday 19 August 2013

The key feature from last Friday’s trading was the fresh spike higher in US Treasury Yields with 10 year Bond yields making a new closing high of 2.82% for the year. This surge in yields came despite the release of US economic data which disappointed the...

Opinion – Friday 16 August 2013

It is all coming together for the Fed to start scaling back its Bond purchase programme at it’s September 18 meeting and the markets are reacting accordingly. Stock markets in Europe and the US were down on the prospect of easy money drying up, with US Bond...