February 6, 2015
Morning all.. Stocks surged everywhere with Wall St up 1.2% (US markets are in fact now back in positive territory YTD. The S&P 500 is now +0.18% for 2015 after a +3.4% rally in February so far) and Asia followed even with the threat of the US data in front of us today. Nikkei closed… View Article
February 5, 2015
Morning all.. A Wall St rally faded fast after the ECB last night announced the suspension of GGB eligibility in Euro system refi operations from February 11th. They previously allowed Greek government debt to be used as collateral under a waiver as although its sub-IG, the country has been in a program. This basically means… View Article
February 4, 2015
Wednesday 4th February 2015 – 09:15 Risk appetite has rebounded significantly in the past few days but what are the drivers. The rally (or should that be short squeeze) in the oil price continues, with WTI now up over 18% off its lows and Brent Crude well over 20% higher (and in official bull market… View Article
February 3, 2015
Tuesday 3rd February 2015 – 09:45 The big ranges on stock markets that we saw throughout January continued yesterday on the first trading day of February as recovering oil prices and the possibility of a more moderate line on debt from the Greek government has allowed markets to bounce back this morning, appear to have… View Article
February 3, 2015
UK Markit/CIPS construction PMI data much better than expected 59.1 vs 57.0 exp.. Cable was offered into this number so we may see a small squeeze! The data is worth 25 pips so far to cable as it bounces from 1.4995…Now at the top of the hour we get EU producer Price Index (PPI) which is… View Article
February 2, 2015
Monday 2nd February 2015 – 20:00 Gold: Gold traded 1266/1283 today in choppy fashion, falling to the lows before recovering to sit pretty much unchanged and more of the same looks possible given that the indicators are mixed. Fragile economic report from Asia’s largest economy dragged prices of most of the commodities to a lower… View Article
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