Synopsis of the week Having been almost 100% factored in the US Fed increased the base rate from 0.75% to 1% triggering a jump in equity markets. Europe looks on in disbelief as internal squabbles between Scotland’s First Minister Nicola Sturgeon and British Prime Minister Theresa May over shadow the anticipated triggering of Article 50. The Bank of England hold…
Synopsis of the week Last week saw equity markets drift lower as investors moved into a risk-off mentality. Mario Draghi, Head of the European Central Bank has once again spoken in enthusiastic terms about the markets and gone some way to quashing fears that the ECB are ready to change their approach to the current quantitative easing scheme. Wednesday’s US…
Our Director of Investment Management Alastair McCaig comments on Dukascopy TV. The US NFP figures and Mario Draghi Q and A with press are the main drivers this week Click here to see the full interview.
Synopsis of the week Last weeks speech from President Trump to congress might not have packed a political punch but it certainly contained everything the markets wanted to hear as the Dow kicked higher. Positive sentiment from the US helped the Dax break above 12,000. With the focus now turning to the ECB’s speech this week coupled with German factory…
Corporate tax levels could become a driver in foreign exchange markets, says Fern Wealth’s Director of Investment Managment, Alastair McCaig as he talks to Bloomberg Daybreak Europe’s Nejra Cehic and Markus Karlsson. They also discuss the European Union and how the euro could be left short-changed. Click here to listen to the interview on Bloomberg.
Synopsis of the week Late rally on Wall Street sees Dow Jones Industrial Average sent to 11th successive record closing high on Friday which makes it the longest run since 1987. Dax flirts with 12,000 but Europe sells off on Friday’s initial US weakness. Futures marginally positive for Monday’s open. Currencies were mostly flat with positive gains in Gold hitting…
Synopsis of the week Crude Oil prices continue to hover around the $56 and with OPEC member’s commitments continuing to be met, might this be the time for a more meaningful move higher? This week has seen the MSCI’s World Index rally to a fresh all-time high showing that equity traders have not lost faith that markets will go higher….
Synopsis of the week We are still some way off the final results of a French election but this week has increased fears of a lame duck government or even a far right victory. French voters look just as dissatisfied with the current government as American voters were only a few months ago. Greece has come back into focus again…
Synopsis of the week The delivery of a white paper on Brexit by Theresa May might well have been 77-pages long but did little to answer any of the complex questions the investment community wanted clarity on. The FOMC statement on Wednesday evening rather underwhelmed the FX markets as it gave little reason to expect the next US rate rise…
Synopsis of the week It was a week of jitters as traders and investors alike tried to rebalance market exposure ahead of Donald Trump’s inauguration. The first half of the week was dominated by Theresa May’s speech on what she would be looking to achieve from March’s negotiations following the triggering of article 50. This year’s Davos WEF meeting completely…
