by Judith Waker | Feb 16, 2016 | Analysis, Blog
It has been a tough few weeks, from the outset of the new year we have seen increased risk aversion, fragile and sensitive markets and volatility. All traders, includin the most seasoned pros are experiencing the challenge of ‘reading’ both sentiment and...
by Judith Waker | Jan 26, 2016 | Analysis, Blog
Oil, China, Monetary Policy. The driving gang of three. Draghi spoke, Carney spoke, oil rebounded and equities. But which came first and what drove what and does it matter? We operate in a highly correlated and interconnected market place and this year we have swung...
by Judith Waker | Jan 12, 2016 | Analysis, Blog
It is not only climate change that is waking up the bears in winter these days, but a distinct smell of fear. The 2016 markets opened in style as the Chinese stock market losses triggered a shut down device that simply added to the odour. Some have heavily...
by Judith Waker | Dec 31, 2015 | Analysis, Blog
The Santa Claus rally was not exactly impressive. In fact if you had started your holidays at the beginning of Christmas week, or attended the office party you probably missed it. The S and P 500 did break a level and it promoted a flurry of risk-on behaviour. At...
by Judith Waker | Dec 15, 2015 | Analysis, Blog
Another rate cut and another currency appreciation. Following in the footsteps of the ECB and once again their decision anticipated by the market, the RBNZ cut their rate last week to 2.5% but the NZD did not fall as one might expect for two reasons. Firstly a large...
