October 30, 2015
Morning all.. US stocks fell as momentum stalled on this busy week with S&P down marginally but Asia has had a mixed session as the BoJ refrained from adding stimulus.. Rather surprisingly the Nikkei, after dipping on the announcement, closed up 0.78% but HK stocks were lower. There was a story late in the session… View Article
October 29, 2015
The FOMC last night gave a strong indication of a possible rate hike as early as December on the back of a strong US economic growth prospect. Based on this hint by FOMC, USD rallied across the board as well as indices but commodity prices and emerging market currencies were all under pressure of a… View Article
October 28, 2015
Markets will be expecting a clear signal from the FOMC meeting later today regarding when a rate hike will be possible. Traders are putting a punt on a possible USD short as we could see the market is getting priced in already. Many analysts assume the FED is not going to hike until 2016 and… View Article
October 27, 2015
Markets were a bit quite on Monday as we await the decision of FOMC, BOJ and RBNZ over the next couple of trading days. The USD is relatively stable across the board despite the weaker than expected new home sales figure released yesterday.as we approach the market today, there are a few economic data that… View Article
October 27, 2015
Morning all.. Wall St faded and closed slightly lower and set the theme for the Asian session where the Nikkei fell 0.9% and HK is down just marginally but SHCOMP down over 2%. Japan’s producer price index for services grew 0.6%yoy in September, in line with median estimates. This was below the upwardly revised reading… View Article
October 26, 2015
People’s Bank of China surprised the market last Friday by cutting interest rate. This was a big surprise to the market because PBOC always act during the weekend but this time around, they could not wait that long. On the back of this, stocks soar to a weekly high. However, it is a bit worrisome… View Article
October 26, 2015
Morning all .. It was a strong week for equities last week and the rate cut from China helped. In Asia we saw further gains but not as much as some thought. The Nikkei closed up 0.65% with HK actually down 0.18%.. S&P futures are nearly 5 points lower overnight. USDJPY fell from a high… View Article
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