February 19, 2016
Morning all.. Wall St stumbled after a few strong sessions as oil inventories burst the relief rally. The S&P closed down 0.47% and Asia was also rather soft with the Nikkei down 1.42% and HK down 0.5%. Oil is lower again this morning but marginally so with WTI at $30.50. It was USDJPY that was… View Article
February 18, 2016
FOMC minute from last night highlighted fears of low inflation which is mainly due to low energy prices across the globe. the committee also made reference to global economic stability which seems to be in doubt especially risk arising from China and Japan. the committee however, remains positive regarding the US economy with strong growth… View Article
February 18, 2016
Morning all.. Wall St had another strong session closing up 1.65% after some better data and a mildly dovish FOMC minutes. Asia continued the theme with the Nikkei closing up 2.28% and HK was up 2.25%.. China unchanged though..The S&P 500 (+1.65%) completed its first 3-day gain of the year yesterday, WTI Oil (+5.58%) is… View Article
February 17, 2016
Japanese economy continues to show some further signs of economic recession. Core Machinery orders figure released last night missed expectation at -3.6% which is the lowest in almost a year. This obviously remains a concern over the state of Japanese economy especially considering the fact that GDP (Q4) also missed expectation. Maybe, it’s time to… View Article
February 16, 2016
Yesterday, the US and Canadian market was closed for trading and these saw a little volatility in the global market. however, there were some major events in Europe as ECB president Mario Draghi testified before the European parliament yesterday. he highlight global economic risk and downside risk on some European Banks. the President said ECB… View Article
February 16, 2016
Morning all.. Pretty quiet overnight after the US holiday with the Nikkei closing up just 0.2% and HK up over 1%. The main mover was oil which climbed over a dollar or 4.8% overnight on talks of a meeting between the Saudi’s and Russia over the oil price. Mind you this was from one unnamed… View Article
February 15, 2016
Asian markets started on a positive note this week as all major indices closed with a massive gain across the board. This could be attributed to the fact that the People Bank of China fixed the yuan a bit stronger than expected which means the depreciation of the yuan might be delayed a bit further…. View Article
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