Pause for inflation and commodity price rises
A European holiday on Monday (excluding UK) and light and medium importance economic data leads to a likely slow start to the week. The increasing interventionist statements from Chinese authorities have taken the momentum out of Bitcoin and copper with price caps mooted although how the Chinese would cap worldwide markets is undisclosed but it […]
UK data to the fore
Weaker US figures on Friday afternoon offset the CPI mid-week recovery in the USD showing the US consumer to be holding back on purchases and industrial production also weaker. The sheer amount of stimulus poured into the US economy is a drag on the USD as “easy money” is rarely positive for a currency, additionally […]
Poor jobs growth = weaker US$
US$ had a poor end to the week as an expectation of nearly a million jobs turned out to be a paltry 266,000 and the US$ closed at recent lows against the other majors, perhaps the poor non- farm payrolls explains the Fed’s rate stance of “lower for longer”. However, stocks remain on their highs […]
Instimatch Global Partners with Eiger to Deliver a Fully Automated Trade Workflow for Sharia’a Compliant Transactions
London – 5 May 2021 Instimatch Global (‘Instimatch’), an international digital network for institutional money market lending, has signed a partnership agreement with Eiger Trading Advisors Limited (‘Eiger’), a leading financial technology company specialising in commodity Murabaha trade facilitation and execution services, to offer financial institutions a fully integrated trading workflow for Sharia’a-compliant transactions. Daniel […]
Commodity Supercycle?
The USD slide, least against the EUR and GBP, was halted as divergent economic data between Europe and USA showed a decline in the Eurozone whereas the US economy continues to show signs of recovery with hirings increasing. GBP has its own problems with Johnson’s government chased by accusations of impropriety but the chances of […]
Rates Decisions
The ECB maintained a cautious stance and left monetary policy unchanged – the market perception is that the American FED will follow suit. US data is holding up well and creating a continuing appetite for risk however fears of the Biden administration taxing investment returns dented that appetite. The US$ is not benefitting from risk […]
Back to yields and possibly military engagement
The UK figures take centre stage economically this week with inflation figures and retail sales likely to concern markets and lawmakers most – they will give an indication as to the progress the UK economy is making out of covid. Commodities that have exposure to Russia moved higher on concerns about the ongoing Russian military […]
Greater Hope
Again a holiday thinned week which will likely see more action after the Monday European holiday. However the economic figures coming out of the US in particular are better than expected leading to a weakening of the US$ but higher stocks; as the market reassesses its pessimistic companies earnings. The figures later in the week […]
Yields… yields… yields.
The market is still watching longer-term US Treasury yields. The 10-year rate continued climbing to new highs for the year; reflecting rising confidence in the broader economic outlook as inflation expectations are driven higher. Fed Chair Jerome Powell also appeared to be rather indifferent to the rally in the bond markets. The US Dollar mostly outperformed its […]
Eiger welcomes Steve Moulder to its Board of Directors
London Eiger Trading Advisors Limited (‘Eiger’ or the ‘Company’), a leading financial technology company specialising in commodity facilitation services, announced the appointment of Steve Moulder to its Board of Directors as a Non-Executive Director, effective 15th March 2021. “Steve’s background and skillset is ideally suited to support Eiger’s focus on strong future growth as we […]