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…
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…
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…
FERN WEALTH SEMINAR Last week’s seminar at Fern Wealth’s offices was a particularly successful evening with a full turn out on the night. Providing clients and prospective clients an opportunity to mingle before the event. Topics of interest in the Q&A session that followed the seminar included Fern Wealth’s opinions on the future weakness in the Swiss Franc The flexibility…
Synopsis of the week Although not clear yet what will happen the word impeachment is increasingly being seen in headlines about US President Donald Trump. Equity markets around the world fell away over the first half of the week only to stage a partial recovery during Thursday and Friday’s trading sessions. Swiss National Bank President Thomas Jordan confirms his preparedness…
Synopsis of the week Rather than focusing on Tax reforms or infrastructure spending the Tump administration are now embroiled in a conflict of issue surrounding the departure of FBI Director Comey. Soft economic data out of the UK points towards Brexit issues yet to materialize. Sterling eases lower as interest rate rises still look a long way off. European Central…
Synopsis of the week The Macron win has eased short-term fears about France and the stability of the European Union, at least until the next major European election. Worse than expected Services and Manufacturing data out of China have been the catalyst for commodity prices to crumble over the week. The last three weeks have seen Oil prices tumble by…
Synopsis of the week The Trump administration’s target of a reduction to 15% for the Corporate tax was what the markets wanted to see but the details about how they would achieve that were unconvincing. The Swiss National Bank discusses further rate cuts and currency market intervention. The first round of French elections are out the way and Le Pen…
