Morning Update – 17/11/2016 – by Arjun Lakhanpal

November 17, 2016 by savi-admin Morning all.. Wall St closed marginally lower in a quiet session for stocks as most watched bond yields bouncing up and down. The Nikkei also failed to get USDJPY rallied as the BoJ announced unlimited buying of JGB’s overnight. This took USDJPY from the lows, after some profit taking took it as low as 108.56… View Article

Afternoon Market Update – 16/11/2016 – by Jaz Singh

November 16, 2016 by savi-admin Dollar strength has continued this morning session, with the dollar index testing the resistance level at 100.50. This comes as the economic outlook seems strong enough to allow for a quickening of the rate hike path in the US. Elsewhere in FX markets, the currencies of commodity producers have been hardest hit, such as the… View Article

Morning Update – 16/11/2016 – by Arjun Lakhanpal

November 16, 2016 by savi-admin Morning all.. Wall St had a solid close as oil had a very strong impact as it rose steeply on hopes a freeze in production can be agreed upon: S&P closed up 0.75%. Asia stocks followed suit with Nikkei closing up 1.1% as oil held gains and a higher USDJPY clearly helping.. US yields are… View Article

Afternoon Market Update – 15/11/2016 – by Jaz Singh

November 15, 2016 by savi-admin We’ve had plenty of data from the UK and the Eurozone this morning. UK CPI came in worse than expected leading to a sell off in sterling. Cable reached the 1.24 level before finding support, coinciding with Carney’s testimony before the Treasury Select Committee. He outlined the central bank’s expectation that inflation shall hold above 2%… View Article

Morning Update – 15/11/2016 – by Arjun Lakhanpal

November 15, 2016 by savi-admin Morning all.. Wall St closed more or less unchanged on the day as stocks took a back seat to bonds and FX markets again. It was also a quiet session in Asia with the Nikkei also unchanged.. The market clearly still dominated by moves in US yields and through most of the Asian session they… View Article

Morning Update – 14/11/2016 – by Arjun Lakhanpal

November 14, 2016 by savi-admin Morning all.. Wall St closed mixed on Friday with S&P down 0.14% but the Dow up 0.21% but the bond market was shut so the session lacked some direction. However US bond futures resumed trading last night and they went straight down taking the US 10yr yield up to 2.21% a new recent high and… View Article