Synopsis of the week EURCHF breaks above the 1.10 level a climb of over 2% in the last three weeks but still some way short of UBS’s 1.14 price target for years end and 1.16 in the next twelve months. US inflation data falls and retail sales shrink sending the US Dollar tumbling during Friday’s trading session. Brexit negotiations are…
Fern Wealth’s Director of Investment Management Alastair McCaig joined Bloomberg’s FX and Rates Strategist Richard Jones and host Caroline Hyde to discuss UK real earnings, unemployment & Brexit. They also looked at cryptocurrencies and how Revolut has just raised $66 million for its global banking arm. Click here to listen to the interview on Bloomberg.
Synopsis of the week US Non-farm payrolls come in stronger than expected while average hourly earnings disappoint, leaving unemployment levels at 15-year lows. French Bank Societe Generale think “fair value” in EUR/USD should be around 1.20 by the end of 2017. The CAC continues to drift, now down 6.25% in the two months since its early May highs. UK Manufacturing,…
Synopsis of the week A week after coming out with a strongly Dovish statement calling for no change in rates, the Bank of England Governor has now made a strongly Hawkish announcement suggesting rate rises could be on the way, shooting Sterling higher. European Central Bank President Mario Draghi’s speech in Portugal has hinted towards further reductions in stimulus sending…
Fern Wealth’s Director of Investment Management Alastair McCaig joined Bloomberg’s FX and Rates Strategist Richard Jones and host Jonathan Ferro for an hour long special. Discussing comments from ECB President Mario Draghi, BoE Governor Mark Carney and US Fed chair Janet Yellen and the implications for rate expectations and the FX markets. Click here to listen to the interview on…
Synopsis of the week As three members of the BoE’s Monetary Policy Committee vote for an interest rate rise, odds of an increase before the end of 2017 increase to 44% in line with expectations of another US rate rise. Oil prices continue to slide, with Brent Crude now down almost 17% in the last month taking the price back…
Synopsis of the week As expected the US raised rates, a move that had already been factored in by the currency markets. Thomas Jordan the Swiss National Bank chairman has once again confirmed the Swiss Franc is too strong and further currency market intervention and increasing the negative interest rate are both still options. The Bank of England Monetary Policy…
Fern Wealth’s Director of Investment Management Alastair McCaig joined Bloomberg’s Jonathan Ferro for a special hour long radio show. During the show Alastair discussed the latest decisions from the European Central Bank concerning the current monetary policy, Oil prices dropping to their lowest levels in a month and a look ahead to US interest rate decisions due out on Wednesday…
Synopsis of the week Theresa May’s General Election gamble fails in spectacular style leaving, even more, uncertainty hanging over the UK’s Brexit plans. The European Central Bank keep rates unchanged and President Mario Draghi paves the way for an extension to the monthly €60 billion stimulus scheme past its December deadline. Unexpectedly high Oil inventory figures out of the US…
Synopsis of the week Last week saw both the Nasdaq and the FTSE hitting all-time highs and move into overbought territory. The week’s volatility in Sterling reflected the increasing fears the markets have that Theresa May will not win with a convincing majority. The US stand alone as Donald Trump exits the Paris climate accord further isolating himself following last…
