November 30, 2015
Morning all.. Wall St closed early Friday and was very quiet but Asia has had a very choppy session with the Nikkei down 0.69% but China was down sharply before a strong rally in the last hour and is now higher on the day. FX markets have been very quiet in G10 as we have… View Article
November 30, 2015
The strength of USD on Friday did a massive damage to gold price. The precious metal dropped by more than $10 from $1072 to $1052. The USD index is currently testing the strong resistance of $100.260 which is the 2015 high. A break of this resistance could push prices to test the 2003 resistance level… View Article
November 27, 2015
Morning all.. No Wall St yesterday due to the Holiday but European stocks had a very good day. In Asia however things were not so good with the Nikkei down 0.3% but China falling steeply, down over 5%. China’s industrial profits slumped 4.6%yoy in October, for fifth straight month, after falling 0.1% in the previous… View Article
November 26, 2015
Morning all. US stocks didn’t budge as traders hit the exits for Thanksgiving journeys but Asia had a positive session with the Nikkei closing up 0.49%.. But it has been very quiet in Asia in FX markets with the exception of the AUD which fell on dreadful CAPEX data. Australian business investment fell by the… View Article
November 25, 2015
Morning all.. Wall St, after starting weaker on the Russian Fighter incident, finished marginally higher yesterday but the event has weighed on Asia equities. Nikkei closed down 0.39% and HK is down marginally. There was less good news from the latest MNI business sentiment index reading for China however, which was down 5.7pts to 49.9… View Article
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