February 27, 2017
Morning all.. Wall St closed quietly on Friday with the S&P up 0.15% in a quiet session and it looked like being a quiet start to Asia trading but an article suggesting Scotland may demand another referendum saw GBP weakness overnight. The Nikkei closed down nearly 1% and USDJPY remained nailed to 112.00 having briefly… View Article
February 24, 2017
Morning all.. Wall St recovered from a poor start with the S&P closing up marginally at the close. Asia had a softer session with the Nikkei falling 0.45% as USDJPY remained below 113.00. There seems to be some feeling that comments from YS Treasury sec Mnuchin suggested new policies may take more time to deal… View Article
February 23, 2017
The global stock rally has fizzled out in the early hours of this session as we price in the Fed’s rate hiking schedule. Minutes from the latest meeting shows a confidence from the FOMC’s point of view that inflation shall remain manageable in the medium term. Looking ahead, we also require some forward guidance regarding… View Article
February 23, 2017
Morning all.. Wall St was quiet as we had little new from the Fed minutes and pricing for March remains low at just 7bps. Many thought rate increase might be appropriate fairly soon; many saw only modest risk inflation pressures will rise significantly; many judged they have ample time to respond if inflationary pressures emerged;… View Article
February 22, 2017
Morning all.. Yet another record high for Wall St with the S&P up another 0.6% but Asia struggled to maintain the euphoria with the Nikkei closing unchanged on the day; probably due to the fact that USDJPY refused to move above 113.80 and is starting to look a little tired again. This lack of a push… View Article
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