May 2017

Currency Monitor

A MIDDLE EAST WAR COULD SEND THE US DOLLAR SKY ROCKETING

This week’s events were not favorable for the US Dollar but the Greenback nevertheless ended the week on a strong note illustrating the momentum behind it.

The designation of Jerome Powell as the next FED Chairman was a dovish sign of continuity at the FED with reassurances that monetary policy would not be modified drastically. The FED November meeting went without surprise, without rate hike and without press conference and the employment numbers that came out on Friday were less strong than market expectations. read more

Commodity Monitor

OIL AND METALS TO OVERSHOOT ON MIDDLE EAST SABRE RATTLING

Oil rose 3.23 % last week reaching our first technical target at 55.6 on WTI. Back in May, several OPEC oil ministers were talking quite casually about $50 a barrel as a good price for crude. Don’t expect that to be repeated when they convene again at the end of this month. read more

Equity Monitor

RECORD HIGHS ! UNTIL WHEN ?

USA

All three American equity indexes rose to new all-time highs last week in a sign of relief with the nomination of Jerome POWELL to succeed Janet YELLEn at the helm of the FED and the subdued employment numbers that came out on Friday. read more

Bonds Monitor

THE END OF EASY MONEY IS IN SIGHT

Donald Trump has a cautious side after all. In naming Jerome Powell as next chairman of the Federal Reserve, the president has chosen a loyal ally of the outgoing chair, Janet Yellen.

At first sight, the appointment signals business as usual in monetary policy, rather than the unconventionality that some of the other candidates stood for. read more

Equity Monitor

We Are Adding Volkswagen to our Model Portfolio

After a flurry of bad news in the past two years, we are of the view that it is time to BUY Volkswagen again at the current EUR 132 level.

VOW has been badly affected by the diesel emission scandal, recalls in the US and China and still has an anti-trust suspicion investigated by the European commission lingering over its head.
The european Commission probe centers on potential anti-trust breaches regarding collusion by German automakers on various technologies, including diesel emission controls. MAN trucks were part of a 2.9 Billion Euro fine for acting as a cartel. read more

Currency Monitor

London’s Brexit Apocalypse Is Nowhere in Sight

Thirty years ago, London’s Isle of Dogs was a barren expanse of abandoned wharves and crumbling warehouses, never recovered from the wartime attentions of the Luftwaffe.

Even the names of nearby boat basins were reminders of Britain’s lost empire and postwar decline: the West and East India docks.

George Iacobescu arrived in 1988, sent to oversee what at the time seemed like a bold, verging-on-insane idea: the creation of a financial district that would supplant the winding lanes and low-slung stone of the City, London’s traditional banking hub. read more

Equity Monitor

Qatar Stocks Drop Most Since 2009 as Regional Spat Rocks Markets

Qatari’s markets received a battering as four of the country’s Middle East neighbors cut ties in a row over its stance on Iran and Islamist extremists.

The nation’s dollar bonds tumbled and contracts used to bet the Qatari riyal will weaken surged the most since 2009. read more

Bonds Monitor

It’s Raining Cash and the Flood Is Swelling Bond Danger

The good news for bullish debt investors is that riskier assets will probably keep rallying in
the near term.

The bad news is that the longer the rally continues, the more these investors stand to lose of their principal investments down the line. read more

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A MIDDLE EAST WAR COULD SEND THE US DOLLAR SKY ROCKETING

OIL AND METALS TO OVERSHOOT ON MIDDLE EAST SABRE RATTLING

RECORD HIGHS ! UNTIL WHEN ?

THE END OF EASY MONEY IS IN SIGHT

We Are Adding Volkswagen to our Model Portfolio

London’s Brexit Apocalypse Is Nowhere in Sight

Qatar Stocks Drop Most Since 2009 as Regional Spat Rocks Markets

It’s Raining Cash and the Flood Is Swelling Bond Danger

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