Opinion – Monday 25 February 2019

US stock market Indices went out on a strong footing Friday, recovering from intra-day weakness in the last ‘’hour of power’’ to close near the highs, despite a 20%+ drop in the shares of Kraft-Heinz, the latter after announcing downgraded earnings estimates,...

Opinion – Friday 22 February 2019

Trade remains the central theme both in terms of news and data reports over the past 24 hours with the Australian Dollar right at the centre of attention, yesterday seeing violent moves in both directions. The AUD sits lower this morning than where it was this time...

Opinion – Thursday 21 February 2019

After being moribund for much of the past 24 hours, markets have displayed a somewhat stronger pulse in the hour or so following publication of the January FOMC meeting Minutes, with a weakening of both the US Dollar and US Indices before reversing these losses in the...

Opinion – Wednesday 20 February 2019

News that US trade negotiators have asked for a stable Yuan policy as part of the China trade talks and a tentative agreement by China has triggered a broad US Dollar sell off with Euro and Sterling both benefiting from the move. US equities closed a bit higher on...

Opinion – Tuesday 19 February 2019

Risk sentiment was kicked off Friday by the President averting another government shutdown, even if by declaring a national emergency to procure his Wall funding. He was then briefed on Saturday by his key economic and trade officials on the trade talks at his...

Opinion – Friday 15 February 2019

Just before the New York close, US Senate Majority Leader McConnell announced that President Trump plans to sign a bipartisan spending deal and then declare a national emergency to fund his border wall, averting another government shutdown Friday. “He is...

Opinion – Thursday 14 February 2019

Global equities have remained buoyant reflecting rising optimism of an ease in US China trade tensions and the avoidance of another US government shutdown with news reports suggesting President Trump will sign the border security deal while China confirmed President...

Opinion – Wednesday 13 February 2019

Market sentiment has been boosted over the past 24 hours by some more encouraging news on US-China trade negotiations. Yesterday, White House press advisor Kellyanne Conway told Fox News that President Trump wants to meet with President Xi very soon while the...

Opinion – Tuesday 12 February 2019

In what has been a slow past 24 hours for news, the outstanding feature of financial markets has been further gains for the US Dollar, now sitting at its strongest level of 2019 in DXY terms albeit still comfortably inside the range that has held since mid-2018. This...

Opinion – Monday 11 February 2019

Markets closed last Friday in a cautious mood reflecting a change in sentiment following Thursday’s confirmation by President Trump that he will not meet President Xi before the March 1st tariff deadline. News the U.S. Administration is considering three options for...

Opinion – Friday 8 February 2019

Yesterday was a sea of red in risk markets with equities down in Europe and the US. The Eurostoxx 600 Index closed down 1.49% and the DAX a hefty 2.67% while  US main boards are all down just under 1% after a late rally in the last hour of trading. The mood was...

Opinion – Thursday 7 February 2019

US stock Indices closed slightly lower following late comments from U.S. Vice President Mike Pence saying he cannot guarantee there will not be another US government shutdown though several Congressmen and women have been out saying they think it can be averted. US...

Opinion – Wednesday 6 February 2019

After and up and down session, US equities ended the day higher, marking a fifth consecutive day of gains. A light trading environment however hints at market cautiousness ahead of President Trump’s State of the Union speech. Meanwhile European equities closed smartly...

Opinion – Tuesday 5 February 2019

The past 24 hours have been quiet on the Economic Front with little or no news to excite markets. The low volatility saw stock markets make new recovery highs while the VIX closed below its 50 Day Moving Average for the first time since early October. Markets saw some...