Employment numbers to the fore
Politics first – the German election led to a centre left victory but a narrow one which now means that the parties will have to negotiate a coalition which in turn is going to take time and creates indecision which markets dislike and probably leads to EURUSD being capped. For different reasons another of the […]
Not a lot of hot air
For the moment Evergrande is making its debt coupon repayments and that provided the markets with the excuse to buy risk assets and find some confidence. However there remain fears over the company’s ability to repay near term coupons. Out of the three central bank interest rate announcements last week only the Japanese were dovish […]
China fears dominate markets
Markets opening lower: wary of China and most particularly Evergrande (China’s second largest real estate company) which is struggling to meet its debt funding obligations. This, coupled with very poor retail sales last week and other economic data at the bottom end of expectations is starting to worry markets and world growth. These fears have […]
Eiger wins Best Shari’a Compliant Commodity Broker 2021
London The Global Islamic Finance Awards (GIFA) has honoured Eiger Trading Advisors Limited with the award for ‘Best Shari’a Compliant Commodity Broker 2021’.
Themes of inflation and COVID continue to worry markets
Markets are very mixed presently with stocks struggling to make gains even with the FED et al being in expansionary mode whereas commodities are recovering with some vigour. Perhaps what the markets are telling us is the latest rise in US PPI is a concern. The taps could get turned off sooner, but commodity pricing […]
Choppy weak markets
A paucity of data this week most likely will lead to a choppy, sentiment driven markets. A continuation of weak American consumer behaviour sentiment illustrated by poor retail sales last week is not helping risk assets. Demand is slowing as the pandemic refuses to die. In fact, Covid numbers are increasing in the States but, […]
Covid fears return
Last week U.S. consumer sentiment showed a fall to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects, inflation and the recent surge in coronavirus cases. This slump risks a longer and more pronounced slowing in economic growth, and implies a worry that the pandemic is not over […]
Holiday week but inflation numbers may provide excitement
Happy New Year to our readers. The New Year in the Islamic world and various other holidays around the world coupled with August being a traditional holiday month leaves the markets illiquid and lacking in direction. Despite this the latest USA unemployment data released on Friday were better than expected, which may be a result […]
Steady as she goes
FOMC left rates unchanged as expected decision and failed to worry the markets with an accelerated time frame for tapering which led to a marginally weaker US$. US$ GDP was lower than expected but didn’t add any further to the view that it would throw off the FED roadmap to reducing tapering. To some extent […]
Back to FED watching
FOMC decision will dominate the market this week even though rates are likely to stay stable. The possibility of conditions for tapering are possible but again unlikely, A sit and wait view is expected on Capitol Hill as the FED await more further data. The statement after the decision and the press conference are the […]