Archive for: October, 2018

Weekly Market Update

Post date: 29/10/2018 11:00 The global flight from risk continued last week. Equity markets fell sharply, and the significant fall in US Treasury yields that we have seen since las month highs is providing little support to global risk sentiment for now. Economic data appears to have taken a soft turn lately; in particular, the…

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Weekly Market Update

Post date: 22/10/2018 12:00 The European Union Commission made clear its displeasure with the populist Italian government budget proposal, putting Brussels on a collision course with Rome and adding to negative sentiment on the Euro. Sterling also suffered as soft data led markets to push back again the timetable for Bank of England tightening. Euro…

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Weekly Market Update

Post date: 15/10/2018 08:00 Last week saw some unusual moves in currency markets. The relentless sell off in equities worldwide and rising risk aversion did not benefit the US dollar, which fell against every G10 currency save the Canadian dollar, and even more unusually, against most emerging market currencies outside the Pacific rim. The Yen…

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Weekly Market Update

Post date: 08/10/2018 08:00 Last week had two very clear winners: the US dollar and the Brazilian real. The former was boosted by the continued normalization of rates across the US yield curve , while the latter experienced a massive short-covering rally as markets priced in a victory by the extreme right but supposedly more…

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Weekly Market Update

Post date: 01/10/2018 08:00 Last week’s dollar rally came under somewhat unusual circumstances. Federal Reserve communications were somewhat on the dovish side and a drop in US treasury rates. However, sot inflation print across the Atlantic and the standoff over the Italian budget tanked the Euro and dragged down every European currency Sterling outperformed in…

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