December 2, 2016
Morning all.. Wall St closed mixed again with the Dow up and S&P lower by 0.35% after a mixed session. Asia was quiet with stocks, oil, yields and the dollar all falling; the Nikkei closing down just under 0.5%. A quiet session due to the important data released from the US later today with NFP’s…. View Article
December 1, 2016
The big news this morning comes from David Davis, the Brexit Secretary for the British government. He states that the UK would “consider” making contributions to the EU after exiting the bloc in order to retain access to the single market. Sterling has rallied 130 pips against the dollar off the back of this revelation,… View Article
December 1, 2016
Morning all.. Wall St had a rather soft close considering the rally in oil and finished marginally lower in the S&P. Oil continued to rise after the OPEC deal and Asia saw another 1% gain. This helped Asia markets to rise with the Nikkei closing up just over 1%. This also spurred higher by the… View Article
November 30, 2016
The economic calendar has been busy this morning but all eyes are on the OPEC meeting in Vienna. Ministers present at the meeting are optimistic that a deal to cut production can be agreed, leading stocks and the currencies of oil producers higher. WTI currently trades near the $49 level, gaining some 7 percent for… View Article
November 30, 2016
Morning all.. Wall St closed quietly but firmer even with the falls in oil prices. Asia was very quiet indeed in front of the OPEC meeting and announcement today and the dollar was slightly lower as fears rise over month end dollar selling today. The Nikkei closed unchanged. OPEC Source (no reason given): start of… View Article
November 29, 2016
Eurozone data this morning came in weaker than expected as markets focus on the Italian referendum this weekend. As expected the Euro sold off once this news hit the wires, however the move against the dollar was muted as the greenback continues its declines from the past few days. This is seen predominantly as a… View Article
November 29, 2016
Morning all.. Wall St closed lower last night as oil fell with the S&P down 0.53%. There are still concerns as to whether OPEC can come up with a cut in output. WTI oil was down another 1.25% over night. FX markets were extremely quiet last night with USD drifting lower before bouncing into the… View Article
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