November 24, 2015
Morning all.. Wall St closed slightly lower but it was a quiet session. Asia also has been quiet as we head into the US Thanksgiving holiday on Thursday. Nikkei was up 0.23% but HK at last glance was moving lower on the day. Commodity names in particular have led the bulk of bourses lower again…. View Article
November 24, 2015
USD strength continues to put the market under an intense pressure as commodity prices continues to sell-off and every pair against USD are also on a downward slope. Emerging markets are not left out in this intense pressure despite every effort to stage a comeback against the dollar last week. We saw South African Rand… View Article
November 23, 2015
Over the weekend Argentinians took to the poll to elect their next leader, opposition’s party candidate Maurico Macri is currently ahead in the exit poll with more than half of the votes counted. If this holds, it will be the first time in more than a decade the opposition is defeating the incumbent leader. Argentina… View Article
November 23, 2015
Morning all.. Wall St closed firmer again with the S&P up 0.38% and Asia has started the week on a positive note with the Nikkei up marginally but HK was lower. It has been a quiet Asian session but the dollar extended gains made on Friday in the US with the EUR touching 1.0600. Meanwhile,… View Article
November 20, 2015
Morning all.. Mixed G10 FX price action overnight with most currencies pairs trading within a relatively tight range amongst a quiet final Asian session for the week. Wall St had a very quiet session closing unchanged on the day and Asia has also been quiet with the Nikkei unchanged.. The dollar squeezed lower yesterday but… View Article
November 19, 2015
Morning all..Stocks took off after the FOMC minutes with the S&P closing up 1.62% and Asia has taken on the rally with the Nikkei up 1.07%.. The Dollar tried to rally but we saw a squeeze down overnight with the EUR above 1.07.. Japan held off any more additions to QE as expected and USDJPY… View Article
November 19, 2015
The Federal open market committee statement last night reaffirms possibility of a lift off in December. The committee highlighted the fact that there is less global risk at the moment and if incoming economic data continues to meet expectation, then we might see a lift off. The committee however, reiterated the impact of a lift… View Article
November 18, 2015
While most analysts are not expecting any new, major revelations from the minutes of the last meeting, there are a few areas in focus. The October statement was much more hawkish than most participants expected & was successful in prepping the market for December lift-off with OIS probabilities for a hike spiking to nearly 80% (&… View Article
November 18, 2015
Morning all.. Wall St had a mixed session starting strongly but finishing with the S&P down marginally. In Asia the Nikkei was up fractionally in a very quiet session as traders wait for the Fed minutes tonight. The Market approaches Fed events long USD – The next two days bring a heavy calendar of Fed… View Article
November 18, 2015
The strength of the USD continues to put more downward pressure on the financial market across the board. Commodity prices dropped to a 6-year low yesterday as gold price was seen at $1065 an ounce while copper prices drop to $4667 which is the lowest prices since the financial crisis. Currencies were not left out… View Article
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