Opinion – Wednesday 8 August 2012

Yesterday was another holiday-thinned choppy session in Currency and Equity markets with little in the way of firm trends. Nonetheless, risk sentiment remains positive overall keeping the US Dollar under downward pressure. Over the past week sentiment has been buoyed...

Opinion – Tuesday 7 August 2012

A dearth of news and thinning liquidity due to the start of the European holiday season made for a very quiet day yesterday. Consolidation has been the order of the day. Still, the the positive afterglow from last week’s positive US Jobs Report and the...

Opinion – Monday 6 August 2012

Markets ended the week on a very strong footing after the better than expected US Payrolls rose 163k versus the 100k anticipated. June Payrolls were revised lower to 64k versus 80k whilst May was revised higher from 77k to 87k. The July result ended three months of...

Opinion – Friday 3 August 2012

The ECB tried but it was not enough for markets! President Dragi announced that the ECB may start buying short term Government Bonds to lower exceptionally high borrowing costs of Eurozone Economies and may also consider other non-standard measures to support the...

Opinion – Thursday 2 August 2012

The US Federal Reserve disappointed markets by not announcing any further easing at its meeting, so no more QE yet! Nor did it change the exceptionally low Federal Funds Rate Guidance from at least through to late 2014 and there was even some talk of an extension into...

Opinion – Wednesday 1 August 2012

Markets were weaker yesterday after opening strongly ahead of todays very important FOMC meeting. European markets lost ground after Germany’s Finance Ministry said it sees no need to give the ESM a banking license that would give it access to ECB funding....