May 11, 2016
Morning all.. Wall St had a good session closing up 1.25% on the day as oil had another strong session. Overnight we have seen energy prices and stocks retreat somewhat with the Nikkei more or less unchanged and HK and Korea lower. The Nikkei slightly soft due to a strengthening JPY with USDJPY falling to… View Article
May 10, 2016
Morning all.. Wall st closed quietly with S&P just managing to stay in the green. But Asia was mixed with Nikkei up 2.15% as the JPY weakened further but China was unchanged. Australia’s ASX 200 also retraced losses to trade up 0.23 percent, boosted by a 1.5 percent gain in the heavily-weighted financials sub-index. The… View Article
May 9, 2016
Morning all.. Wall St had a decent close after poor Non-farm payroll data with the S&P closing up 0.32% and Asia is higher also with the Nikkei up 0.76% but China lower after poor trade data. In US Dollar terms exports were reported as declining -1.8% yoy last month (vs. 0.0% expected) from +11.5% in… View Article
May 9, 2016
GBP against all major currencies especially the USD has rallied massively over the past couple of weeks to make a new high for 2016. This is a move which could be attributed to an oversold condition which we have seen in the first quarter of 2016. However, I think it is now time to see… View Article
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