Opinion – Friday 19 May 2017

The US market has taken a breather yesterday, notwithstanding news very late in the New York trading session that a Special Counsel (Robert Mueller, ex-FBI Director) was being appointed to investigate Russia’s involvement in the election. It has not been another day...

Opinion – Thursday 18 May 2017

Yesterday has been a real trading session of risk-off emanating from the US and the Twitter sphere going into overdrive over speculation around whether the President pressured James Comey – then FBI Director – to drop his investigation into Mike Flynn, former...

Opinion – Wednesday 17 May 2017

The two most significant development yesterday were a 1.0% surge in the Euro (Euro now fetches 1.1110 – the highest since November 9 2016), and continued weakness in the US Dollar with the DXY down 0.7% yesterday and another 0.3% overnight and at its lowest point...

Opinion – Tuesday 16 May 2017

Yesterday’s trading session was devoid of any major data releases, however the huge rally in oil has been the main catalyst for most of the moves in markets over the past 24 hours. It all started just before I posted yesterday morning with the release of a joint...

Opinion – Monday 15 May 2017

In the USA, inflation expectations as measured by the University of Michigan on Friday fell to 2.3%, back to not only where they were at the end of last year, but equalling the lowest level recorded in the 24 years history of the survey. Consumer price inflation...

Opinion – Friday 12 May 2017

In what turned out to be a volatile trading session yet again after the US equity markets sold off they were quickly snapped up to only close with small losses helped by higher oil prices. This rise in oil assisted an afternoon recovery via the energy sector, after...