November 10, 2015
During the last Federal open market committee meeting, the committee highlighted that they are on the verge of raising interest rate for the first time in almost a decade but provided that economic data over the next couple of weeks continue to meet expectation. It will be recalled also that the Federal reserve chairman, Janet… View Article
November 10, 2015
Morning all.. Wall St seemed to wake up to the fact that the Fed may be hiking as stocks tumbled. S&P closed down 1% but had been lower. However markets in Asia were mixed with the Nikkei actually closing higher by 0.15% but Chinese stocks were lower after weak inflation data. CPI in the month… View Article
November 9, 2015
Morning all.. Considering the market view that the Fed may now raise rates after the strong data Friday, stocks held up very well in the US as they closed around unchanged on the day.. Asia had a better session even after poor data from China.. The Nikkei closed up nearly 2%! The Fed also won’t… View Article
November 6, 2015
The US economy will be releasing the Monthly jobs data which shows the strength and slack of the labour market. The previous Nonfarm payroll for October (142,000 Exp. 203,000) September (173,000 Exp. 220,000) August (215,000 Exp 223,000) and July (223,000 Exp 230,000) were all bellow expectation. Analysts are a bit optimist about the Nonfarm payroll… View Article
November 6, 2015
Morning all… US Stocks closed marginally lower but the attention was all on GBP after the BoE “super Thursday”.. GBP remained under more pressure in Asia after a weak close in NY. A decidedly dovish BoE was the other big theme yesterday, raising questions about a possible push-back in hike expectations to 2017 and which… View Article
November 5, 2015
USD strength continues to weigh down on all currencies and commodities across the market, this was rejuvenated last night when the Federal reserve chairman Janet Yellen reiterated that interest rate hike for December is not off the table and does not see the need for negative rates for now and she also said US economy… View Article
November 5, 2015
Morning all.. Wall St slid as the weight of the higher dollar and falling oil prices finally proved too much with the S&P finally closing down 0.35%. Yellen seemed to keep the threat of a December hike alive and data yesterday supported that. This places emphasis on forthcoming data, with risks likely asymmetric in wake… View Article
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