Market Analysis

28 Sep

The Italian Finance Minister Tria is to stay on in his position to avoid the risk of adverse effects in the financial markets. Tria was campaigning for a deficit in the region of 1.5% to 1.8% but the coalition government has agreed on 2.4% for the next three years. This is above the 2% favoured by the EU. The Euro fell against the Dollar and is now trading at 1.1635.This follows the decline from 1.1800 after the FOMC on Wednesday. ...Read More

27 Sep

The Dow Jones Index has seen a sharp decline yesterday after the FOMC raised interest rate. The initial reaction of the Index was to rally into resistance at 26600.00 and it is from this point that it has declined to the current level of 26372.00. Resistance overhead is now at the 50 period moving average at 26434.00. ...Read More

27 Sep

Yesterday’s Federal Open Market Committee meeting made the decision to raise rates by 25bps to bring the Federal Funds Rate to <2.25%. The word “accommodative” was removed from the statement suggesting that the FED was approaching a neutral level in hikes. ...Read More

Core Spreads

Core Spreads is trading as it should be. Tight fixed spreads and razor sharp execution on thousands of markets.