July 10, 2017
Morning all.. Wall St closed firmer after rather mixed data on Friday with the S&P up 0.64% and the NASDAQ up jut over 1% and some of this optimism has spilled into Asian markets. The Nikkei closing up 0.88% and HK up almost 1%. Chinese shares were lower even though producer prices showed robust demand… View Article
July 9, 2017
In European Equity Markets stocks fell on Friday but eked out slight gains for the week as the market sought a floor following a sell-off sparked by expectations of tightening monetary conditions. The STOXX 600 index fell 0.2 percent but remained above the 11-week low hit in the previous session, when ECB minutes showed the euro… View Article
July 7, 2017
In Asian Equity Markets Japan’s Nikkei index fell to a three-week low on Friday morning after global shares tumbled, but investors wasted no time trimming losses after the Bank Of Japan raised its purchases of government bonds in its market operations. The Nikkei fell 0.1 percent to 19,979.72 in midmorning trade, after falling to as low as… View Article
July 7, 2017
Morning all.. Wall St closed lower as US and global bond yields rally with S&P down 0.94% and NASDAQ down 1%. This negative sentiment spilled into Asian markets with the Nikkei down 0.38% despite a rise in USDJPY and the BoJ increasing its bond purchases overnight. USDJPY was the biggest mover up 0.4%, with JPY… View Article
July 6, 2017
In European Equity Markets stocks fell on Thursday to their lowest in 11 weeks after minutes from the ECB’S latest meeting showed the central bank had left the door open to scrapping its bond-buying pledge. The pan-European STOXX 600 ended the session 0.7 percent lower. Euro zone blue chips also hit an 11-week low, while Britain’s FTSE… View Article
July 6, 2017
USD/CAD – 06/07/2017 (11:00am): Last week’s breakdown from the short term range lows and extension below the important 1.3165 support area maintain the overall downside risks and presents an important test at the next line of important support levels. We are now below the critcal 1.2969 support area which includes the February/October lows. A sustained break… View Article
July 6, 2017
WTI Oil Update – 06/07/2017 (10:50am): Yesterday’s bearish reversal pattern can allow for some additional near term retracement after failing against the next line of key resistance. Near term pullbacks should find support at the 45.40/44.70 area (38.2/50% retracements), while the 43.70/30 zone should be a max if a deeper recovery phase can develop. The… View Article
July 6, 2017
USD/YEN Update – 06/07/2017 (10:30am): The short term upside bias is intact amid the backup in US rates and today’s break of the next area of key resistance. With the push above the important 113.00/10 area (76.4% retracement), a closer test, if not break of the 114.37 May high now seems likely. Near term pullbacks… View Article
July 6, 2017
In Asian Equity Markets Japanese stocks edged down on Thursday morning as ongoing tensions around North Korea continued to sap risk appetite, while the retail sector underperformed on dismal earnings from convenience stores. The Nikkei fell 0.3 percent to 20,018.87 in midmorning trade, and the broader Topix shed 0.1 percent to 1,616.43. MSCI’s broadest index of Asia-Pacific stocks… View Article
July 6, 2017
Morning all.. US stocks didn’t quite know what to make of the FOMC minutes and ended the session just marginally firmer. FOMC Minutes (June 13-14 meeting):-Most policymakers: saw recent inflation softness as transitory and having little bearing on inflation trend. Several policymakers: see recent rise in import prices as consistent with inflation rising in medium term;… View Article
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