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 08.20 Thursday, 30 Oct 2014 Dollar higher after FOMC
For much of yesterday the action in financial markets remained subdued, with market participants in ’wait and see’ mode ahead of the FOMC outcome last night. However, once we got the Fed statement, the action on FX markets picked up…….
As at As at 08.12 Wednesday, 29 Oct 2014 US Fed in Focus Today
The action on financial markets yesterday saw some firming in risk appetite. Investor sentiment was supported by positive corporate earnings reports. As a result, the Euro Stoxx 50 managed to recover from its weak start………
As at As at 08.13 Tuesday, 28 Oct 2014 FX Markets in Wait-and-See Mode
There was a slightly ‘risk-off’ tone to financial markets yesterday. This came off the back of disappointing macro data (incl. a weaker than expected German Ifo) as well as the markets digesting the weekend European bank stress test results…….
As at As at 08.08 Friday, 24 Oct 2014 Subdued Tone to FX
The more positive tone to risk sentiment continued yesterday. Most major equity indices were up on the day, aided by positive corporate earnings updates. The EuroStoxx 50 finished up by 1.2% on the day……
As at As at 08.23 Thursday, 23 Oct 2014 Euro and sterling lose ground to the dollar
The action on currency markets over the last 24 hours has seen both the euro and sterling lose some ground against a firmer dollar. The dollar was supported by a modest upside surprise…………..