Good morning   RBA did indeed raise rates 25bps to 4.1% in the early hours of this morning, citing higher domestic inflation risks as well as possible higher inflation as a result of the Middle East crisis  The move pushed AUD higher despite being widely expected.  AUDNZD is above 1.2100 for the first time in thirteen years and GBPAUD dipped to 1.8765 on the announcement.  However GBPAUD soon turned around, trading up to 1.8875 before settling back at current levels around 1.

Good morning   US data releases will be one hour earlier at 12.30 or 14.00 London time.    FX option expiries will be 14.00 London time, not the usual 15.00 London time.   This will be until Sunday 29 th March when we change our clocks in the UK.     Welcome back, I hope you had a good weekend.  Sports fans were treated to plenty of action including some terrific rugby in the final round of the Six Nations, England just losing out to tournament winners France in a thrilling

Good morning   US data releases will be one hour earlier at 12.30 or 14.00 London time due to the US clock changes that took place at the weekend.    FX option expiries will be 14.00 London time, not the usual 15.00 London time.   This will be until Sunday 29 th March when we change our clocks in the UK.   I was supposed to have a physio session on my shoulder this morning but the local roads are shut due to trees being down.  Every road out of where I live was gridlocked so

Good morning   US data releases will be one hour earlier at 12.30 or 14.00 London time due to the US clock changes that took place at the weekend.    FX option expiries will be 14.00 London time, not the usual 15.00 London time.   This will be until Sunday 29 th March when we change our clocks in the UK.   Reports of mines in the Strait of Hormuz and Iranian attacks on commercial ships has pushed WTI and Brent back up towards $100 despite the agreement of IEA to release huge

Good morning   US data releases will be one hour earlier at 12.30 or 14.00 London time due to the US clock changes that took place at the weekend.    FX option expiries will be 14.00 London time, not the usual 15.00 London time.   This will be until Sunday 29 th March when we change our clocks in the UK.   No surprise that the Iranian war continues to dominate headlines, never sure exactly which headlines to believe, Trump always has a tendency to sound so positive but the I

Good morning   US data releases will be one hour earlier at 12.30 or 14.00 london time due to the US clock changes that took place at the weekend.    FX option expiries will be 14.00 london time, not the usual 15.00 london time.   This will be until Sunday 29 th March when we change our clocks in the UK.     Trump’s comments that the Iran war was ahead of schedule and may soon be over have brought some much-needed positivity to the markets.  Oil prices are back below $100, a

Well it’s been nigh on three weeks since my shoulder replacement operation and I’m starting to feel more normal.  Thanks to all for their messages and apologies for not replying to all individually.  Given I am right-handed and the operation was on my right shoulder, doing even the simplest of tasks has proved to be rather difficult and even though I was back at my desk last week, typing was slow, arduous and a tad painful, so I held off the return of my daily report until no

Good morning   Well let’s start with the most splendid news from last night.  Yes, Spurs beat Man Utd to win the Europa League final, in...

Good morning   Another reasonably meaningless day yesterday, European equities were generally higher led by the UKs FTSE 100 which posted...

Good morning   After a morning of USD selling yesterday following the downgrade of the US by Moodys, the markets calmed through the rest...

Good morning   I hope you had a great weekend.  Mine was pretty full and I must admit to having over-indulged on more than one occasion...

Good morning   Well that was a pretty scorching weekend.  I have to say if we had those temperatures for the whole year I’d be pretty...

Good morning   BoE did indeed cut rates 25bps to 4.25% yesterday as had been expected but the voting was something of a surprise.  Two...

Good morning   VE Day today, the 80th anniversary of Victory in Europe, marking the formal acceptance of all Germany’s unconditional...

Good morning   GBP outperformed yesterday helped in no small part by the announcement of a trade deal with India following.  The...

Good morning   I hope you all enjoyed the long weekend.  It did get surprisingly chilly but remained dry other than a couple of small...

Good morning   US and EU equities made small gains yesterday, while the US dollar gained into the London close, with GBPUSD trading down...

Good morning   Welcome to May.  We’re already one third of the way through the year and I feel it has come and gone very quickly.  Not...

Good morning   US equities had another decent day despite European markets looking more mixed yesterday.  Overnight Asian markets were...

European stocks were up around 0.5% yesterday, faring slightly better that their US equivalents.  Asian markets were also positive...