US Stocks and Precious Metals Reach All Time High’s - December 7, 2010 19:36

The S&P 500 has risen to the highest level since September 2008 today. This happened after President Barack Obama agreed to extend tax cuts, Copper and Gold rose to record highs as a result of this news.

Bernanke Threatens Extension of QE past $600 Billion - December 6, 2010 17:51

Bernanke the chairman of the federal reserve has said today that the US might need to extend bond purchases past the the $600 billion announced last month to spur on economic growth. The argument for this extension is based upon fears that the US economy is expanding at a bairly sustainable pace and ongoing fears […]

US Non Farms Takes Centre Stage - December 3, 2010 18:25

Nonfarm payrolls in the US advanced 39,000 in November after climbing 172,000 last month amid economists’ forecasts of a 150,000 gain. The US unemployment rate rose to 9.8 percent to mark the highest level since April of this year. The breakdown of the NFP report indicates that private payrolls rose 50,000, marking the lowest reading […]

US Dollar Strength Calms on Risk Appetite Reversal? - December 2, 2010 18:23

The US Dollar remains strong yet the march downards has halted today on both cable and EUR/USD. Yesterday most positions were heavily weighted net short, yet now it seems that the order book is more mixed as traders appreciate renewed risk appetite and the subsequent stock market gains.

Stocks Rally on European Response to Debt Crisis - December 1, 2010 18:29

Stocks and the risk sensitive Euro have gained today breaking a four day losing streak as positive jobs data is released from the US and speculation mounts that European lenders will step up their response to the debt crisis. The S&P 500 has rallied 2% the biggest move for two weeks. This has subsequently fired […]

Consumer Confidence Bolsters Economic Confidence - November 30, 2010 19:50

The confidence levels amongst US consumers have risen to a five month high in the US today. Markets are becoming increasingly confident that that the recovery is nicely underway and will continue into 2011. The Institue for Supply Management-Chicago has also said that its business confidence gauge advanced to its highest level since April.The holiday […]

Euro suffers on threat of ongoing debt concern - November 29, 2010 18:38

The EU governments €85bn package has as expected failed to ease growing concern over the rest of Europe’s finances. The Euro’s stock, bond and currency markets all attest to this and will undoubtedly continue to suffer this week. Eurpoean stock markets have fallen 2% today as traders are becoming increasingly risk averse. The effect of […]

EU Rescue fund will rise on contagion of sovereign debt fears - November 25, 2010 18:33

Today has been an eventful day dominated in Europe by ECB and MPC speakers. The BoE’s Mevyn King today reaffirmed his stance that he is maintaining a wait and see approach and may still use more QE in next years policy. The ECB council member Axel Weber has said that the Eurozone may increase the […]

Ireland Faces Severe Austerity - November 24, 2010 18:23

Ireland’s government has said today that spending will be cut by 20% and taxes will rise over the next 4 years as the ongoing bailout talks approach a conclusion. Welfare will be cut by €2.8 bn and income tax will rise to €1.9 billion. The plan is to rapidly narrow the budget deficit reigning in […]