Mood changes towards US rates
Market had been getting complacent about a soft landing for the USA (and the world economy in general) and a view that the US rate rising cycle was slowing… however the data from last week at least muted those views. Americans signing on for unemployment benefits dropped unexpectedly last month and followed a much higher […]
Three central bank decisions, all to rise by 50 basis points?
While last week lacked in data, this week has significant data from the US; Non Farm Payrolls, and three central banks decisions, as well as an end to Chinese lockdowns, so volatility is likely to return. The slowdown in the inflation rate in the US has given rise to hopes that Wednesday will see only […]
Short on data, short on dollars
After last weeks data headline driven week this one is notable for the lack of data, its also marked by Chinese New Year which generally has the effect of muting markets especially in the commodities sphere. The result of the inflation laden week last is that the market now believes the rate rises in the […]
Inflation peaked?
We have an inflation data laden week and a lot of speakers from various Central Banks. We also have a slew of market information from the Chinese; which may explain the rather sudden change of heart towards COVID. The past week has shown a recovery in risk assets, particularly the stock markets for multiple reasons: […]
Rates all rise but economies stutter
Rates rose across the board from USA, UK, Europe and Australia as expected and although a relatively quiet market with holidays coming up and year end we do have the FED’s favoured inflation indicator in the PCE at the end of the week and the market sees it lower with inflation muting. The FED reiterated […]
Rates rises expectations aplenty but pace is muting
Likely to be busy markets with consumer inflation figures from Germany, UK and USA this week allied to BoE, ECB and FED rate decisions all of which are expected to see rises. The US CPI is expected to see a moderation to 7.3% which in turn may be influencing the size of the expected rate […]
Rate rises for USA / UK but by how much?
As can be seen the economic data is second rate and rare this week, however the week will not be without its opportunity for action since the USA, British and Japanese all have rate decisions to make. Bar, controversially, the LME the UK will be pretty much closed for Queen Elizabeth’s state funeral on Monday […]
Eiger wins Best Shari’a Compliant Commodity Broker 2022
Djibouti The Global Islamic Finance Awards (GIFA) has honoured Eiger Trading Advisors Limited with the award for ‘Best Shari’a Compliant Commodity Broker 2022’.
Eiger sponsors IFN UK Forum
London Eiger Trading Advisors Limited (‘Eiger’), a leading financial technology company specialising in commodity Murabaha trade facilitation and execution services, were delighted to sponsor and attend the Islamic Finance News (IFN) UK Forum at The Mansion House in London on Monday 5th September 2022. It was a fantastic opportunity to meet with other industry experts […]
Higher rates to come
Jackson Hole symposium didn’t disappoint or rather it caused the expected volatility when Powell commented that “recent data has been mixed….the US economy continues to show underlying momentum”. He added “decision at the September meeting will depend on the totality of the incoming data and the evolving outlook,” but the crux of the commentary was […]