October 6, 2015
Overnight, the reserve bank of Australia held interest rate unchanged. The bank in her policy statement retted the fact that the china uncertainty a bit at ease and there are possibility for growth in Australian economy which is supported by low interest rate. This saw a rally on Australian dollar put up a massive strength… View Article
October 5, 2015
Market was a bit disturbed last week Friday when the Non-farm payroll data was released which unfortunately came below expectation. Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Market was expecting the US economy to have added more than 200,000 jobs which is above… View Article
October 5, 2015
Morning all.. Wall St had a wild ride after the poor NFP data in the US Friday and after initial steep losses , finished the day up 1.4%. Asia has also had a good session with the Nikkei up 1.55% and HK up 1.3%. There seems to be a feeling that the data from the… View Article
October 2, 2015
Market is patiently anticipating Jobs report from the US economy later today. The labour market in the United States has shown a strong growth over past quarter and unemployment is fallen almost to full-employment. Economist and analyst are expecting US economy to have added 203,000 more jobs. This is above the previous month which prints… View Article
October 1, 2015
WTI Oil: US oil continues to trade higher, as the recent global updates offset the worries over rising crude supplies. Markets continue to cheer the latest China manufacturing PMI reports which reflected that the economy’s manufacturing sector showed slight improvement in September with both the gauges coming in above estimates. China is the world’s second… View Article
October 1, 2015
Morning all.. A wild and crazy session on Wall St as month/quarter-end distortions saw stocks end up closing up 1.9% in the S&P and currencies had a wild ride.. Asia has taken up the baton with stocks all higher but HK and China closed. Nikkei closed up 2.25%. S&P futures are up another 20 points… View Article
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