Opinion – Wednesday 26 July 2017

Judged by Equity, Bond, and Commodity markets, it has been well and truly a risk-on past 24 hours, but it has been more mixed as far as the currency market has been concerned. The AUD did test 0.7970 but was unable to hold that level and now sits back at 0.7940. In a...

Opinion – Tuesday 25 July 2017

It has been a quiet start to the week with no major market moves since I posted 24 hours ago.  US equities ended the day mixed with the Dow and S&P marginally lower while the NASDAQ closed marginally higher. A better than expected PMI print has helped the US...

Opinion – Monday 24 July 2017

More of the same for currencies and bonds on Friday, the US dollar continuing to leak lower alongside US Treasury yields. Latest news out of Washington helping maintain the bearish dollar tone was the resignation of white House press secretary Sean Spicer, after...

Opinion Friday 21 July 2017

The pick-up in market price action has continued in FX markets, with the EURO the star performer, not only against what proved to further weakness in the USD, but on the crosses. The AUD meanwhile has been cutting though all of the price action and is continuing do to...

Opinion – Thursday 20 July 2017

The big news event since I posted 24 hours ago was  President Trump imploring Republican Senators to forgo their Autumn recess (already pushed back two weeks) in order to repeal and replace Obamacare. There is a fat chance of that happening, and markets should already...

Opinion – Wednesday 19 July 2017

How much a dollar cost? Is a song from American rapper Kendrick Lamar and apparently it is Barack Obama’s favourite song of 2015. Well, whichever way you measure it, a US Dollar costs less today than it did yesterday. The USD sell off that began early yesterday...

Opinion – Tuesday 18 July 2017

We come in this morning and it has been something of a sideways/choppy past 24 hours of trading. The Dollar DXY index is little changed overall amid nothing too new on the data front, no Fed speak now with the media lock down ahead of next week’s FOMC, and US stocks...

Opinion – Monday 17 July 2017

For any trader who was an Australian Dollar bear, Friday was about as depressing a day as it has been all year, AUD/USD coming within a pip of its 2016 high of 0.7835 and closing at its highest level since May 21st 2015. A lot of analysts are now going to have to...

Opinion – Friday 14 July 2017

It’s a nod to Bastille Day today and with the US President visiting France, declaring in a tweet his “unbreakable” relationship with the French President. Markets yesterday saw the Australian Dollar at the top of the FX leader board, pushing up through the London and...

Opinion Thursday 13 July 2017

The Canadian dollar is the standout winner in FX markets after the Bank of Canada raised rates by 0.25% to 0.75% as widely expected but did not deliver the ‘dovish hike’ some were expecting. US Bond yields and the US dollar are generally lower (EUR/USD The exception)...

Opinion Wednesday 12 July 2017

Donald Trump Junior’s Russian email saga provided a bit of volatility to the yesterday’s afternoon trading session. Trump’s eldest son released an email chain in which he said he would welcome the possibility of Russia helping his father’s campaign via compromising...

Opinion – Tuesday 11 July 2017

Technology shares dove gains in US Equities yesterday, while Natural Gas and Crude lifted commodities. The US dollar strengthened with Treasuries as investors prepare to analyse second Quarter earnings for more evidence that global economic activity is back on track....

Opinion – Monday 10 July 2017

In German chancellor Angela Merkel’s words, the G20 accord issued on Saturday did not even attempt to paper over the differences between the United States and the other 19 G20 members. It explicitly notes the decision of The United States to withdraw from the Paris...

Opinion – Friday 7 July 2017

The bond sell-off continued with a vengeance yesterday, underpinned by a weak French 30-year bond auction, comments by the Banque de France’s Villeroy and ECB Minutes which indicated the Bank was closer to removing its easing bias on its Asset Purchase Program (APP)...