January 4, 2017
Morning all..Wall St got off to a solid start closing up 0.85% and Asia followed with the Nikkei up a punchy 2.5% to start the year off in style. This and the positive risk sentiment took USDJPY back up above 118.00. Kuroda: economy at critical point to end deflation; BoJ will continue easing program; more… View Article
January 3, 2017
European equities look to be heading for their third day of gains with banking and mining stocks taking the lead. The DAX currently trades near the 11600 level with the Stoxx Euro 600 rising 0.6 percent this session. This comes off the back of positive news from the Asian session with Chinese Manufacturing PMI beating… View Article
December 16, 2016
Morning all.. Wall St managed another day in positive territory but gave up a lot of early gains to finish up just 0.39% as Yields gyrated and the USD remained pretty firm. Asia was led a little higher by the Nikkei which closed up 0.66% as USDJPY broadly held gains and remained above 118.00 for… View Article
December 15, 2016
All eyes are on the dollar this morning as it climbed to its highest level since 2003. This comes as markets price in a steeper rate hiking path by the Fed, with the dollar index rising to the 103.00 level. The dollar has gained some 1 percent against the Euro and 1.2 percent against the… View Article
December 15, 2016
Morning all.. The rate hike from the Fed was expected but the projection of 3 hikes in 2017, up from 2, was not and US stocks suffered as US yields soared. Wall St closed down 0.8% and Asia barring the Nikkei followed. The Nikkei supported somewhat by a rising USDJPY closed around unchanged on the session…. View Article
December 14, 2016
Markets are in a timid mood this morning as we anticipate the Fed’s expected rate hike later today. Focus shall be on Yellen’s forward guidance and the extent to which the Chair dampens down inflation expectations for the next 12 months. The dollar index is flat for the session and is likely to remain so… View Article
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