September 21, 2016
Morning all…Wall St was quiet as we waited for the first of the two big central bank meeting from the BoJ and the Fed later tonight and closed more or less unchanged. The BoJ left rates unchanged but targeted the shape of the yield curve. The BoJ decided to modify its monetary policy framework and… View Article
September 20, 2016
Morning all.. Wall St was up for most of the session but couldn’t hold the gains into the close so close to a Fed decision and closed unchanged on the day. Asia was quiet but the Nikkei after a day off on Monday also drifted off into the close to finish down 0.32%.. G10 FX… View Article
September 19, 2016
Morning all.. Wall St had a weak close to the end of the week with the S&P down 0.4% but Asia was mixed with Japan closed for a holiday. HK and China both rallying.. FX markets were quiet but with oil rising we saw USDCAD lower and AUD rallied through the session.. Oil rallying on… View Article
September 16, 2016
Morning all.. Wall St rallied with some relief and Bond yields calmed somewhat which saw the S&P close up 1%. Asia was quiet but the Nikkei managed to rally 0.68% even though USDJPY was a tad weaker at one point making a low of 101.74. Data wise New Zealand consumer confidence came in stronger (121… View Article
September 15, 2016
Morning all.. Wall St finally closed down marginally after a very quiet session as yields were calmer but the Nikkei fell again last night finishing down 1.27% as the JPY strengthened into the close of NY and continued through the Asian session with USDJPY making a low of 101.95. For the 6th trading day in… View Article
September 14, 2016
Morning all.. Another bad session for Wall St as bond yields rose steeply again with the S&P down 1.5% but Asia was calmer with the Nikkei down 0.69% as sources suggested the BoJ may go deeper into negative with rates. USDJPY rallied strongly on this making a high in Asia of 103.19. Nikkei reported that… View Article
September 13, 2016
Morning all.. Focus overnight was mostly on the aftermath of Fed’s Brainard speech as we enter the blackout period ahead of September FOMC. Wall Street soared after Brainard was her usual dovish self and disappointed many hoping she may bend. Brainard’s dovish comments blew a further hit to the already low odds for a hike… View Article
September 12, 2016
Morning all.. Wall St had a very weak session Friday as fears grew that the Fed may actually go ahead and hike after two voters at the Fed signalled a desire to move soon. The S&P fell nearly 2.5% having been subdued for the summer months. The nervousness spread to Asia with the Nikkei down… View Article
September 9, 2016
Morning all…A busy session yesterday as Draghi did or said very little we didn’t already know but the big surprise was the massive draw down in oil inventories yesterday which saw oil race higher and take risk sentiment with it. However US stocks closed up just 0.22% and stocks in Asia saw the Nikkei close… View Article
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