March 3, 2016
Morning all.. Wall St had a choppy but rather quiet session but finally managed to close up 0.4% but Asia had a stronger session as oil rallied even after solid gains in inventories yesterday and the Nikkei finished up 1.28%. However China and HK are a tad lower as China PMI services came in weaker…. View Article
March 2, 2016
Morning all.. A very strong close on Wall St as data impressed again after a strong ISM.. S&P closed up an impressive 2.39% and Asia followed. The Nikkei up 4.1% this morning and AUD took off after strong GDP data.. It seems global data is turning. In the US away from manufacturing, Construction spending was… View Article
March 1, 2016
Morning all.. After staging a rally yesterday after Europe closed, stocks turned south as momemtum stalled and Wall St closed down 0.8% and Asia got off to a weak start after poor data from Japan and China but we have seen a small bounce into the close with the Nikkei closing up 0.37% and HK… View Article
March 1, 2016
China cut Reserve Requirement Ratio yesterday by 0.5%. This action was to enable commercial banks lend more money to support capital investment, increase liquidity as well as spending. This is an attempt to further devalue the Yuan at this time of economic downturn in China and towards diversification from manufacturing into a service and consumer… View Article
February 29, 2016
This week will be a very busy for traders as there are whole lot of economic data coming out this week and most importantly, the Non-Farm payrolls (NFP) data will also be released later on Friday.this will further give more insights into whether Federal Reserve will hike rate in the next FOMC rate decisions meeting… View Article
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