US dollar on the back foot

dollarsAs Trump voiced his concerns over the apparent ‘bunch of bad hombres down’ in Mexico, the less sensational Fed voted unanimously to keep rates on hold and gave little indication of a hike at the next meeting in March. Comments included ‘some further strengthening’ in the labour market, increasing inflation, albeit still below the central bank’s target, and ‘soft’ business sentiment.

One thing you cannot say about Trump is, unlike many politicians globally, he has followed through with some of his main campaign promises, albeit some more recent actions are deemed controversial by many. We suspect the broadly dovish Fed members will act on a wait-and-see basis, as there has been little to no guidance from the Trump administration with respect to fiscal policy deployment and the consequent effects on US growth. The futures market is pricing in over a 70% chance of a hike in June.

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PortfolioMetrix Market Review and 2017 Outlook

A large computerised display of the Brit2016 was a year dominated by political upsets and upheavals but, despite the shocks experienced – fears of Chinese debt implosion, Brexit, Trump, various terrorist attacks, Leicester City winning the Premier League – it was an extremely strong year for markets overall. In fact, one of those years that beautifully illustrates the value of ‘time in the markets’, as opposed to ‘timing the markets’.
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2016 Market Review – Inflection Point in the Global Cycle

It might be an exaggeration to say that we are on the cusp of a new world order – but equally it just might not, we cannot be sure. What seems more certain is that we are at a great inflection point in the global economic and market cycle… It has very important implications for investors.

Click here for the 2016 Market Review and what markets may hold for investors in the New Year by Glyn Owen, Investment Director at one of our UK regulated discretionary fund managers, Momentum Global Investment Management.

May we also take this opportunity to wish you Seasons Greetings, and a Happy and Prosperous New Year from the team at Intelligent Investments.

 

Weekly Market Update

News this past week:

  • Dollar strengthens as market prepares for Fed rate hike
  • Inflation expectations rise in the UK
  • Bond yields rise amid tapering rumours
  • Chinese trade data disappoints, whilst inflation rises
  • Eurozone industrial production beats expectations

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Global Market Outlook

Glyn Owen, Investment Director at Momentum Global Investment Management shares his views on what we can be likely to expect from global markets over the coming months.

 

Weekly Market Update

News this past week

  • ECB keep monetary policy on hold
  • Fed Governor makes case for rate rise despite poor US data
  • Global financial assets sell-off late in the week
  • UK services sector strong, whilst trade deficit decreases
  • Chinese trade data encouraging

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