Post date: 30/09/2019 09:11 Last week started on a bad note for the Euro, as flash PMI indices of business activity out Monday came out worse than expected and gave further signs that Germany may be entering recession. The Euro fell on the news and never recovered, finishing the week down against every major currency…
Post date: 23/09/2019 09:20 The last major central bank meeting in September did not quite deliver with the generosity the markets had been hoping for. The Fed cut rates as expected, but it suggested that it is now on a wait-and-see mode and that absent downside surprise sin the data, it expects at most another…
Post date: 16/09/2019 12:15 The spotlight in world financial markets remains squarely on the major correction under way in fixed income markets. The US 10 year treasury yields now nearly 0.50% more than it did at the beginning of the month, when a buying panic at the prospect of endless central bank accommodation brought it…
Post date: 09/09/2019 11:15 Last week largely reverse the currency moves from the week prior. Investors snapped up risk assets worldwide, including emerging market currencies. Scandinavian and antipodean currencies led the way in the G10, while Sterling put in another good performance after Boris Johnson’s massive setbacks in his effort to take the UK out…
Post date: 02/09/2019 14:55 While there was no single catalyst to explain the general rally in financial markets last week, investors were encouraged by the absence of bad news, particularly in the trade war between China and the US. The dollar benefited the most among G10 currencies, ending the week at the top of the…
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