Opinion – Tuesday 30 May 2017

Ahead of a long weekend US equities ended the week in a relatively subdued note, oil prices recovered a bit of lost ground since the drop in prices post the OPEC’s production cuts extension announcement and US Treasury Yields were little changed. The USD closed the...

Opinion – Friday 26 May 2017

Yesterday was a trading session where oil news took centre stage in the lead up to the end of the week with liquidity likely thinner today into the US long weekend with the US Memorial Day holiday on Monday. Meanwhile London is also closed on Monday for their second...

Opinion – Thursday 25 May 2017

The biggest news yesterday was the release of the FOMC Minutes, which were interpreted cautiously by the market as confirming the likelihood of a June rate hike, but casting some uncertainty over the trajectory for rates thereafter. The US dollar fell on the news,...

Opinion – Wednesday 24 May 2017

European and US equities have continued to edge higher amid a mild risk positive tone in yesterday’s trading session. US Treasury Yields had a small sell off at the start of the NY session with the move higher in yields helping the USD perform across the board....

Opinion – Tuesday 23 May 2017

Yesterday was a calm trading session when all is said and done and not at all resembling the middle of last week. German Chancellor Merkel has been saying what everyone has known – that the Euro is too weak – lifting the single currency and softening the USD. The...

Opinion – Monday 22 May 2017

The recovery in US equities continued on Friday and unlike Thursday, European equities also managed to record some gains. US Treasury Yields were little changed, but the US Dollar was softer across the board more than reversing Thursday’s gains. The US Dollar was on a...