by Christopher Nye | Jan 3, 2019
The first trading day of the year did not disappoint for excitement, action and volatility. PMIs from across the world confirmed the slowdown in the global economy, and once again we saw extreme volatility in the US equity market as the Dow dropped 600 points, rallied...
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by Christopher Nye | Jan 2, 2019
Most houses produce outlooks for the year around this time and it’s starkly obvious this year the consistency of the call for a lower dollar. They may or may not be right at some stage; often the first move in January is the wrong one. Friday sees the release of...
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by Christopher Nye | Jan 2, 2019
European PMIs throughout the week are likely to show an economy starting to struggle. The euro has been quite range-bound for a while now, and the weaker data is likely to keep the topside boundary intact in the short term. We think it will have to be USD weakness...
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by Christopher Nye | Jan 2, 2019
Many pundits are calling the US dollar lower this year (maybe too many – when everyone is calling it the same way often it becomes a risk in itself) and with FTSE having fallen so hard this morning sterling should have had every opportunity to rally. Tough going...
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by Christopher Nye | Jan 2, 2019
Chinese Manufacturing PMI data slipped below 50 and back into contraction for the first time in over two years and sent equities into a tailspin on the first day of the New Year. This continued the volatility that had been a feature of December. There was also some...
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