Detailed below are the morning comments for the last 5 working days. Please select a comment from those below to view the full details, or alternatively you can select a date from the followng drop down box:
As at As at 08.10 Wednesday, 17 Dec 2014 All Eyes on the Fed
The dollar has been holding a modestly weaker tone over the last 24 hours. Meanwhile, despite a softer than expected print in UK CPI for November, sterling held its ground…..
As at As at 08.05 Tuesday, 16 Dec 2014 Risk Aversion Persisting, GBP on Back Foot
Risk aversion continued to impact markets yesterday, with equity markets falling c.1-2%. On the FX markets, the action has been subdued, although sterling is a bit out of favour over the last 24 hours………
As at As at 08.07 Monday, 15 Dec 2014 Focus on US Fed This Week
The dollar’s rally has taken a breather in recent days. Some year end profit taking on crowded long positions and risk aversion has weighed on the currency. At the same time, both the euro and yen have made gains…………
As at As at 07.55 Friday, 12 Dec 2014 ‘Risk-on’ as the Euro Falls
There was a modest recovery in risk appetite yesterday. Equities were aided by prospects of further ECB easing as well as some encouraging macro data. The EuroStoxx 50 was up 0.3% on the day………
As at As at 08.13 Thursday, 11 Dec 2014 Markets remain in ‘risk off’ mode
Risk sentiment remained in a fragile state yesterday. Oil continued to dominate market headlines. The price of Brent crude fell to a 5 year low, below $65 a barrel, on the back of an OPEC report forecasting lower demand in 2015…….