Synopsis of the week Last week saw both the DAX and the S&P500 setting higher highs as bond markets continue to prove volatile due to rate uncertainty, equities still appear as the most attractive destination for funds. Chinese September import data jumps higher adding to enthusiasm for its manufacturing and construction sectors, a sentiment which has been steadily improving throughout…
Synopsis of the week: Angela Merkel is still to cement her coalition party but this uncertainty has been dismissed by traders as the DAX again sets new highs, briefly breaking above 13,000 during Friday’s trading. On Friday, US Non-Farm payrolls fell by 33,000 partially due to the effects of Hurricanes Harvey & Irma. This fall is the first time US…
Synopsis of the week As German election fever has finally come to a close, it is not until the exact structure of her coalition has been confirmed that Merkel’s victory will put lingering anxieties concerning the German markets to rest. The DAX rose an impressive 5.3% in September and remains just short of its highs for the year set back…
SYNOPSIS OF THE WEEK The Fed announces that it will start a monthly disposal of $10 billion of tradable debt in October as it begins shrinking its $4.5 trillion balance sheet Angela Merkel wins her fourth term as German Chancellor in Sundays general election paving the way for more EU stability over the next four years. Retail sales in the…
SYNOPSIS OF THE WEEK The Swiss National Bank keep rates unchanged and confirm the Franc is still overvalued. Opinion polls point towards another Angela Merkel lead coalition in Germany keeping the DAX treading water. The US Dollar sells off as optimism about another interest rate increases are negated by worries over the looming debt ceiling debate. THE WEEK AHEAD At…
Synopsis of the week Asian & European markets start the week with a risk off mentality as traders try to gauge the increased risk following North Korea’s nuclear test at the weekend. Monday’s Labour day bank holiday in America will give US traders more time to digest these recent developments as they head back into the office on Tuesday. EU…
Synopsis of the week European equity markets continued moving sideways as traders waited for the ECB president`s comments regarding the EU’s QE scheme during his speech in America at the end of the week. Until Tuesday mornings North Korean missile test the panic caused by statements from both North Korea and the US appeared to have eased. Gold’s spike to…
Synopsis of the week The ECB kept interest rates unchanged, which triggered dramatic moves in the Euro following its press conference. The recent success in passing “bank stress tests” has already been forgotten about as US banks have seen their shares slide following that latest quarterly update. The second round of Brexit negotiations saw a divergence of opinion on how…
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…
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,…
