Opinion – Wednesday 15 May 2013

In contrast to market moves either side of the weekend whereby rising bond yields supported the US Dollar but had a restraining impact on US Equities, yesterday’s price action saw Treasury Yields and Equities both smartly higher. The S&P and Dow both gained...

Opinion – Tuesday 14 May 2013

Equity markets in both Europe and the United States closed narrowly mixed (S&P flat, Eurostoxx -0.3%) yesterday whilst US Treasury Yields extended Friday’s sharp move higher, with the 10 Year Bond up a further 2 basis points to 1.92%. The article in the...

Opinion – Monday 13 May 2013

Global Equity markets were again largely sidelined on Friday in comparison to the price action in Currency and Bond markets. The US Dollar was stronger across the board with the US Dollar Index rising 0.4% whilst 10 Year Treasuries rose 8.5 basis points to 1.9%, the...

Opinion – Friday 10 May 2013

Yesterday it was currencies that were very much at the centre of global market attention. The USD/JPY finally broke 100 and traded up to 101.20 overnight with broad based Dollar demand seeing the AUD/USD taking out a 10-month old range low whilst the Euro also fell 1%...

Opinion – Thursday 9 May 2013

Central Banks around the world are reacting to the abundance of cash in their economies. This has been pushing up exchange rates and depressing activity in trade-exposed sectors as the ECB, Bank of England, Federal Reserve and Bank of Japan throw money at their ailing...

Opinion – Wednesday 8 May 2013

Equity markets continued to make new highs yesterday with the Dow, S&P and Russell Index closing at new record highs as global investors down-play risks and just chase yield. A good example of this ‘chasing yield’ was the successful Bond Auction held...