November 17, 2015
Morning all.. US stocks rocketed higher as oil rebounded strongly. This was an impressive move in oil as the dollar rose at the same time. WTI finished the session +2.45% and a shade below $42/bbl. That was after it had earlier tested the $40 level intraday and striking an intraday low of $40.06 which was… View Article
November 17, 2015
Overnight, USD rallied against all currencies thereby putting more downward pressure on commodities across the board. Eurusd dropped below yesterday’s low now trading below 1.0674 as at 07:00UK, USDCHF also pushing above 1.010 now trading at 1.0120. USDJPY continues to rally above 122, now trading at 123.40. GPUSD has also dropped to 1.5165. Gold price… View Article
November 16, 2015
Overnight, Japan’s GDP figure shows the economy contracts by -0.8% In the third quarter (YoY) and third quarter (QoQ) contracts by -0.2% while GDP capital expenditure also dropped to -1.3%. This set of economic data further confirms that Japan economy is in recession because of weaker than expected figures. However, GDP price index (YoY) increased… View Article
November 13, 2015
Commodities prices continue to fall under pressure of a possible rate hike from the United States as early as December. Gold prices crashed to yearly low at $1074 erasing the previous yearly low in July at $1076 an ounce. Copper also made a new yearly low at $4802 erasing the previous low at $4810. Oil… View Article
November 12, 2015
Morning all… Wall St started firmly but finished weakly with the S&P closing down 0.32% as falling oil prices weighed heavily again. WTI finished the session -2.90% to close back below $43/bbl for the first time since August 24th. Brent was weak too, finishing down over 3% and back below $46/bbl. It feels like most… View Article
November 11, 2015
Overnight, more disappointing economic data were released from china: industrial production dipped to 5.6% from 5.7%, falling below market expectation of 5.8%. Fixed asset investment data also indicates a fall in investment from 10.3% to 10.2% but retail sales was above market expectation of 10.9% to print at 11.0%. This data shows the Chinese economy… View Article
November 11, 2015
Morning all.. It was a choppy session on Wall St which finally saw the S&P nudge into positive territory, closing up 0.15%. Asia has had a mixed session with the Nikkei up 0.1% but China lower marginally; all in all a quiet and directionless session. In FX we have seen some extension to the profit… View Article
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