Opinion – Wednesday 27 June 2012

Markets remain remarkably range bound awaiting the EU Summit. Not that there is much expectation of a plausible outcome any longer. Random headlines are causing rapid moves but few are sustained and developments have shown you should not react to all the headlines....

Opinion – Tuesday 26 June 2012

There is increased scepticism regarding this week’s EU Summit as Cyprus joins Spain in asking for bank aid. The markets have reacted poorly. The USD is broadly stronger with the JPY outperforming. Whilst none of the news yesterday was a surprise, the negative nature...

Opinion – Monday 25 June 2012

Lack of progress in Europe continues as the meeting of the four European leaders achieved little other than expose the continuing disagreements. They managed to promote a E130bn growth plan but the bigger issues remain unclear. What was clear was Merkels opposition to...

Opinion – Friday 22 June 2012

Yesterday was a big risk-off day in the markets with Equities, Gold, Crude Oil and most other Commodities tumbling whilst the US Dollar surged and Bond yields were lower. The economic data is broadly deteriorating across the developed markets. The Weekly Jobless Nos...

Opinion – Thursday 21 June 2012

Not much change since yesterday. The Fed’s ‘Operation Twist’ extension and the promise of more QE later has switched market attentions to the next instalment of Europe’s economic saga. The Fed extended the duration of asset purchases until the...

Opinion – Wednesday 20 June 2012

The prospects of more policy easing is buoying markets ahead of the FOMC announcement which at 5.30 pm today. This is followed by a press conference from Fed Chairman Bernanke. Equities, Commodities and Bond yields are all higher while periphery yields are all easing...