Global Markets Update Is the de-dollarisation of trade a threat to the US currency? 19th May 2009 · 1 min read
Global Markets Update How much should we read into China’s gold "purchases"? The revelation of a jump in China’s official gold holdings is supporting gold prices and reviving fears that reserve diversification will undermine other dollar assets, notably US Treasuries. But the... 24th April 2009 · 1 min read
Global Markets Update Bank of England will be a big fish in a small pond 24th March 2009 · 1 min read
Global Markets Update Is quantitative easing so bad for the dollar? The markets’ initial reaction to the Fed’s decision to step up its policy of quantitative easing, including a new plan to buy Treasury securities, has been to sell the dollar. We do not expect this... 19th March 2009 · 1 min read
Global Markets Update Too soon to worry about a bond “bubble” We do not believe there is a bubble in government bond markets. Yields are low and bond prices high, but these levels can readily be justified by the outlook for the usual fundamentals that determine... 21st January 2009 · 1 min read
Global Markets Update What next for oil prices? Many of the most enthusiastic cheerleaders for the commodity bubble have recently slashed their oil price forecasts. We are still happy with our long-held view that crude will average $50 per barrel... 12th December 2008 · 1 min read
Global Markets Update New bond forecasts – the rally has much further to go 3rd December 2008 · 1 min read
Global Markets Update How low could oil prices go? Oil prices have fallen to within a whisker of our target of $50 per barrel (for Brent), which we had expected to see in the first quarter of next year. For now we are leaving our forecast for average... 13th November 2008 · 1 min read
Global Markets Update OPEC cuts, but markets take little notice Today’s sharp fall in oil prices, despite the announcement that OPEC will cut production by 1.5 million barrels per day from 1st November, reinforces our view that prices will continue to decline even... 24th October 2008 · 1 min read
Global Markets Update Gold price to drop to $550 In the light of gold’s recent lacklustre performance we have lowered our price target from $700 to $550/oz. We expect this target to be reached in the first quarter of next year, if not sooner. 22nd October 2008 · 1 min read
Global Markets Update New forecasts for currencies and commodities The recent acceleration in the dollar’s appreciation against other major currencies (with the notable exception of the yen) reflects a combination of factors, none of which is likely to reverse any... 22nd October 2008 · 1 min read
Global Markets Update OPEC output cuts to provide limited support for oil prices The collapse in oil prices in recent days has likely sent OPEC into a panic. The oil-producing cartel has advanced the timing of its “extraordinary” meeting from the 18th November to next Friday... 17th October 2008 · 1 min read
