Opinion – Thursday 23 May 2013

Investors looking for clues on US Monetary Policy would have taken very different messages from Fed Chairman Bernanke’s prepared testimony and his subsequent Q+A session yesterday. The formal presentation warned that a premature tightening of Monetary Policy...

Opinion – Wednesday 22 May 2013

One year ago the Nikkei 225 Index stood at 8800 with the Dow Industrial Average at 12,500. For a brief period before the markets opened yesterday the Japanese stock market was higher than its US counterpart having risen almost 80% over the last 12 months. Another 52...

Opinion – Tuesday 21 May 2013

Currency markets are consolidating ahead of Fed Chairman Bernanke’s mid-week testimony on economic outlook. A comment from Japanese Economic’s Minister Amari, in which he said that if the Yen weakens further it will negatively impact peoples lives,...

Opinion – Monday 20 May 2013

The US Dollar ended last week the same way it began – on the rise, with the US Dollar Index hitting the highest level in 6 years. The Dollar made some further gains against the Yen and held its gains against the Euro whilst the AUD/USD continued on the back foot...

Opinion – Friday 17 May 2013

Weak data released in the US has taken its toll on risk assets with the S&P 500 now at least taking a breather if not entering a pull-back phase. Price action yesterday saw the S&P down by about 0.5% after rising modestly the day before, although the market...

Opinion – Thursday 16 May 2013

The equity market rally continued yesterday despite some poor economic data on both sides of the Atlantic. The S&P added 0.5% to reach yet another new record high. The Nasdaq is also up 0.25% to reach a 12-year high. On the data front, the Euro-Zone recorded a...