June 7, 2016
Morning all.. Wall St closed higher as Yellen seemed to take a June hike off the table with S&P up 0.5% and the dollar traded lower initially after her comments. But it was a mixed bag as the rallying stocks took USDJPY back up. In Asia the Nikkei also closed up 0.5% due to the… View Article
June 2, 2016
Morning all.. Wall St had a very subdued start to the month closing more or less unchanged in a quiet session. Asia saw Japan start off on the back foot and it stayed there closing down 2.25% with China unchanged. This was partly due to Abe not announcing any stimulus in his press conference and… View Article
June 1, 2016
Morning all.. Wall St settled into a seemingly quiet close but due mainly to a very late rally into the close. GBP was the main event yesterday after a Poll showing the “leaves ” ahead in the Brexit issue. Asia was having a quiet session until the Nikkei suddenly dipped and closed down 1.76% and… View Article
May 27, 2016
Morning all.. Wall St closed more or less unchanged in a rather quiet session even though oil traded above $50 but stocks fell as oil gave up gains and settled lower. Asia staged a rally abeit muted with the Nikkei up 0.36% which was not bad considering oil kept falling. WTI is down o.7% at… View Article
May 26, 2016
Morning all.. Wall St had another solid session and closed up 0.7% as oil rallied and fears over a Fed hike disappeared. This is sending a very positive signal to the Fed suggesting they can hike without concern over equity markets. Oil helped and overnight traded above $50 (Brent) and that coupled with a less… View Article
May 25, 2016
Morning all.. Wall St had a very good session after strong housing data and rising yields. The S&P closing up an impressive 1.37%..Impressive due to the fact that the rise came as US yields rose; this not seen for a while. Asia also had a strong session following Wall St and higher oil with Nikkei… View Article
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