Opinion – Wednesday 27 June 2018

Tuesday’s markets have witnessed a partial reversal of some of Monday’s key market movement, with the US Dollar firmer and US stock showing modest gains, albeit pared into the close (S&P finishing +0.2% higher having been more like +0.5% an hour beforehand). The...

Opinion – Tuesday 26 June 2018

With an absence of major data, trade talk has been consuming most of the attention of markets over the past 24 hours, with the threats of more from the Trump Administration on Friday, Europe retaliating with tariffs on $3.3b of US imports, the EU and China getting...

Opinion – Monday 25 June 2018

On Friday afternoon OPEC confirmed plans to increase oil output next month, triggering a big jump in oil prices, fuelling energy shares on either side of the Atlantic while also boosting commodity linked currencies with the Australian Dollar the outperformer. It was a...

Opinion – Friday 22 June 2018

The past 24 hours trading has been one of several parts, the USD DXY index this morning back below 95, equities lover, bonds stronger (except in Italy, Spain and Portugal), and commodities mixed to softer, oil down ahead of a likely OPEC deal this afternoon to cut...

Opinion – Thursday 21 June 2018

In what has been a relatively quiet session, in terms of news and data releases, equity markets have had a steady to positive day, core bond yields are a little bit higher with US Treasury yields leading the way and the USD is steady, retaining the gains from the...

Opinion – Wednesday 20 June 2018

In the FX space, most of the price action of the past 24 hours took place during APAC time in the aftermath of the announcement during the night that President Trump had called for a list of $200bn of Chinese imports to be subject to an additional 10% tariff. He said...

Opinion – Tuesday 19 June 2018

No new news on the US-Sino trade front along with no first tier data releases had resulted in a relatively quiet session for markets but that has all changed overnight after US President Trump threatened China with new tariffs of up to $200bn. European equities had a...

Opinion – Monday 18 June 2018

Friday’s news cycle was dominated by President Trump’s decision to go ahead with tariffs on $50bn of Chinese goods ($34bn straight away, $16bn subject to representations by affected US firms) and China’s immediate tit-for-tat retaliatory response. US equities held up...

Opinion – Friday 15 June 2018

There have been some big FX moves over the past 24 hours centred around the Euro and the USD in the wake of the Fed announcements yesterday coming with a hawkish leaning, followed yesterday afternoon with the formal (and expected) ending of ECB’s Asset Purchase...

Opinion – Thursday 14 June 2018

Market responses to the Fed 7.00 PM London time pronouncement has been clouded by news very soon thereafter that President Trump will tomorrow unveil a list of up to $50bn worth of imports from China to be hit with tariffs. Not that this is really ‘’new news’’ but it...

Opinion – Wednesday 13 June 2018

Lack of concrete outcomes from the Trump-Kim summit keeps market suspicious on whether any meaningful steps towards peace has been achieved and ahead of the Fed and ECB decisions markets have treaded water over the past 24 hours. Equities are mixed, the UST yield...

Opinion – Tuesday 12 June 2018

The markets shrugged off the acrimonious ending to the G7 Meeting as instead, its onwards and upwards for markets, with Kim Jon Un and Donald Trump both now holed up in Singapore ahead of their historic meeting scheduled to begin at 9am Singapore time (2 am London...

Opinion – Monday 11 June 2018

The world economy’s most important week of the year? Each day this week we have a market moving event. Each carries the potential to propel financial markets and shape the outlook for global growth after signs it slowed in the first quarter. So here’s what to watch...

Opinion – Friday 8 June 2018

Just when it looked safe to be thinking about the Aussie dollar pushing up though some pretty significant resistance levels and potentially advancing back up into the 0.78s, along come the latest Emerging Market ructions to push it firmly back down in the range....