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…
* Actually, 19999.63 was the high, but as we’re amongst friends we decided to round up! Synopsis of the week The FTSE looks to have started 2017 off in the same fashion it finished 2016 as it continues to edge higher. European retailers suffer as UK heavyweight Next collapses with awful year-end sales figures. Donald Trump continues to use twitter as…
Synopsis of the week US equity indexes head higher as expectations that the Dow will hit 20,000 before the end of the year grow. The European Central Bank decide to extend quantitative easing from March until December 2017 but reduce the monthly spending from €80Bn down to €60Bn. FX Markets look ahead to an almost fully factored in December interest…
Synopsis of the week European traders prepare for Italian referendum disappointment and increased instability. European equity markets start December with a whimper, not a bang. The China 300 recovery is almost complete eleven months after regulatory intervention triggered its collapse. OPEC agree on a deal. (reliant on Non-OPEC nations agree to action too at their meeting next weekend). The Week…
Synopsis of the week Resilient European flash manufacturing and services data helps ease investor worries. President-elect Donald Trump’s short video message confirms that infrastructure spending, trade agreements and regulation will be at the forefront of his plans when he takes office in January. UK Chancellor Philip Hammond still four months out from seeing Article 50 being triggered gave a cautionary…
Synopsis of the week US Equity markets have eased off over the week as the initial boost from the US elections becomes more discounted. On Wednesday the US Dollar index hit a thirteen year high taking it back to April 2003 levels before stalling on Fed Chair Janet Yellen’s comments. This latest statement from the FED moved expectations of a…
Synopsis of the week The initial panic seen in Asian trading as a Republican victory became increasingly likely was swiftly replaced by optimism as traders looked forward to the US spending their way out of trouble. Biotechnology, pharmaceuticals, energy and construction sectors lead the way in the aftermath of last weeks political developments. Companies with businesses inside the US rallied…
Synopsis of the week The Financial world looks to have implemented the harsh lessons that they learnt following the Brexit result earlier in the year with an aggressive “risk off” mindset dominating traders thinking ahead of this week’s US Presidential election results. Central Banks resist the temptation to change, ahead of a momentous week leaving December the month when gifts…
Synopsis of the week A risk-off mentality is becoming increasingly prevalent as markets begin to show the jitters ahead of the US elections now just over a week away. Economic data releases continue to confound FX traders as they infer the UK’s economic landscape is considerably stronger than Sterling strength would suggest. US economic data releases drive the expectation of…
