Archive for: June, 2021

Weekly Market Update

Post date: 28/06/2021 10:41 Financial assets worldwide rallied, as US stocks broke to all new highs and commodity prices rebounded from their post-Fed sell-off. Currencies behaved much as they had before that Fed meeting. The dollar resumed its downward trend, safe-havens like the Japanese yen and the Swiss franc suffered and commodity-dependent currencies outperformed, particularly…

Read More →

Weekly Market Update

Post date: 21/06/2021 12:36 The Federal Reserve administered a serious corrective to general financial market ebullience last week. The ‘dot plot’ suggested that most members expect hikes to come no later than the end of 2023, from mid-2024 in the previous projections. Short-term rates in the US shot up higher and the dollar rallied, as…

Read More →

Weekly Market Update

Post date: 14/06/2021 13:08 The blow-out inflation report out of the US outshone the ECB June meeting, but the market reaction was counterintuitive, to put it mildly. Even though inflation in the US is now running at 5% on the year, and the price increases are broad based, US traders clearly bought the Federal Reserve…

Read More →

Weekly Market Update

Post date: 07/06/2021 11:06 The dollar rallied late in the week against its G10 peers, only to give up most of those gains after a mildly disappointing payrolls report on Friday. The jobs data is still hard to interpret, but other measures of world growth continue to show signs of strength and inflationary pressures are…

Read More →

Weekly Market Update

Post date: 01/06/2021 12:09 The key financial market themes of the last six months were replayed last week. Commodities bounced back strongly, inflation data out of the US surprised to the upside, and risk assets rallied, with commodity-sensitive emerging market currencies taking the lead. Rates in G10 countries are still in a holding pattern, but…

Read More →

Back to Top