August 21, 2017
In Asian Equity Markets Japan’s Nikkei index fell to a fresh 3-1/2-month low on Monday as global investors remained cautious amid worries over whether the Trump administration will be able to implement growth boosting measures. The Nikkei fell 0.3 percent to 19,406.40 points by midmorning trade, after opening slightly higher. The broader Topix lost 0.2 percent to… View Article
August 21, 2017
Morning all.. Wall St had a disappointing close after and earlier rally as it was announced Bannon would be leaving the US administration and stocks fell into the weekend close. The S&P down 0.18% and the Dow down 0.35%. The Nikkei also slipped to a close down 0.3%, as investors monitored war drills scheduled for… View Article
August 18, 2017
AUD/USD Update – 18/08/2017 (11:20am): AUD staged a solid comeback so far this Friday and jumped beyond 0.79 handle, having reversed a temporary slide witnessed a day before. The recovery in AUD/USD gained extra legs, after a risk-off induced rally in the safe-haven gold bolstered the sentiment around the resource-linked AUD, while higher copper and oil… View Article
August 18, 2017
Morning all.. Wall St took a hit last night and the usual rally into the close didn’t happen with the S&P closing down over 1.5% (its second-biggest drop for 2017) and the NASDAQ nearly 2%. This nervousness spilled into Asia with the Nikkei closing down 1.2%and HK down 0.54% while Australian bonds rose with the… View Article
August 17, 2017
Morning all.. Wall St closed marginally higher after the FOMC minutes were released which showed continuing concerns over the lack of inflation and bond yields fell, taking the dollar with them. S&P closed up 0.14% and NASDAQ 0.19%. The Fed left the door open to a September announcement on the normalisation of the balance sheet… View Article
August 16, 2017
GBP/USD Update – 16/08/2017 (12:40pm): Cable (GBP/USD) looking soft still. Yesterday GBP/USD dropped sharply to the six month support line at 1.2859 but the expected buying has been eroded and we move lower. Charts continue to suggest that the 1.3267 current August high was the end of the up move. The 1.2775/59 area will now… View Article
