September 29, 2016
Morning all.. Wall St rallied on the back of a steep jump in oil prices after OPEC agreed a cut in production. S&P closed up 0.53% and Asia also rose with the Nikkei up almost 1.5%. Commodity currencies (CAD, NOK, NZD, AUD) the main out-performers versus the USD overnight with CAD the largest G10 FX… View Article
September 28, 2016
Morning all.. Wall St shrugged off a 3% fall in oil prices to close up 0.64% after better US consumer confidence data but Asia was soft with the Nikkei closing down 1.4%. Oil is unchanged as London walks in but still no deals in sight from Algiers. USD mostly traded stronger versus G10 FX pairs with… View Article
September 27, 2016
Morning all…Wall St closed lower as fears grew in front of the Clinton Trump debate with the S&P down 0.86%. The general consensus was that Clinton won the debate and FX markets saw some steep moves but the Nikkei closed up 0.72% and Topix up 0.79%. USDMXN the big gainer as a Clinton win takes… View Article
September 26, 2016
The Bank of England’s latest monetary policy statement failed to spark any fireworks for the British pound with U.K. policymakers voting 9-0 to keep interest rates unchanged at 0.25% which was not a surprise considering that they just unleashed an aggressive stimulus package last month. Overall there were no changes made to current policy with… View Article
September 26, 2016
Morning all.. Wall St closed down just over 0.5% Friday as oil slumped on weak oil prices. The whole oil market is on watch for any signs of a potential deal to freeze output so oil will remain choppy for a few days. OPEC members meet on the sidelines of an energy forum in Algeria… View Article
September 23, 2016
Morning all.. Wall St had another solid showing yesterday, closing up 0.65% as traders digested the Fed statement and see lower rates for longer. Asia was broadly higher but the Nikkei was disappointing closing down 0.36%. Japan September flash manufacturing PMI shows expansion for first time in seven months- Japanese manufacturing activity expanded for the… View Article
September 22, 2016
Morning all.. Wall St surged as Yellen left rates unchanged even though there were 3 dissenters on the committee. Wall St closed just over 1% higher and Asia had a solid session too with the Nikkei up nearly 2%. USD weaker across the board in the aftermath of the FOMC yesterday evening. Janet Yellen said… View Article
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