September 14, 2017
Morning all.. Wall St had a rather quiet session even as US yields continued to bounce aggressively off the recent lows with the S&P closing up 0.08% (unchanged really) but despite the rally in USDJPY extending, the Nikkei closed down 0.25%. Elsewhere in FX markets, Antipodean currencies were the biggest movers overnight. AUDUSD appreciated 40… View Article
September 14, 2017
In European Equity Markets stocks fell on Wednesday, as London-listed shares sold off and Apple Inc. suppliers declined a day after the tech giant revealed its new iPhones. The Stoxx Europe 600 index fell 0.08 point to end at 381.34, narrowly breaking a five-session winning streak. Compagnie Financiere Richemont SA shares lost 1.2 percent even as the Swiss luxury products maker… View Article
September 13, 2017
Euro Update – 13/09/2017 (11:10am): EURUSD was caught in the crossfire yesterday as EUR crosses came to the fore. The USD was broadly supported throughout the day as rising equities and UST yields saw further liquidation. EURUSD broke through 1.1950 support, eventually trading as low as 1.1925 after the UK CPI saw EURGBP break 0.9000 –… View Article
September 13, 2017
In Asian Equity Markets Japanese stocks rose for a third day to hit a fresh one-month high on Wednesday after Wall Street strengthened and the dollar scaled a two-week top on the yen, helping buoy cyclicals such as exporters and banks. The Nikkei gained 0.5 percent to 19,867.72 in midmorning trade, after earlier reaching 19,879.85, the… View Article
September 13, 2017
Morning all.. Wall St opened firmer and stayed there in a relatively quiet session with the S&P closing up 0.34% and this risk on sentiment shifted into the Asian session where the Nikkei, helped by a weaker JPY closed up 0.5%. But it was again a quiet overnight session as the USD took a break… View Article
September 12, 2017
In European Equity Markets stocks rose to a five-week high on Tuesday, extending the relief bounce seen in the previous session as worries about Hurricane Irma and North Korea’s nuclear standoff eased. All major trading centers and most sectors ended in positive territory as the pan-European STOXX 600 gained 0.55 percent, although some investors questioned how… View Article
September 12, 2017
USD/YEN Update – 12/09/2017 (11:30am): USDJPY is so far advancing for the second consecutive session today, extending the bounce off recent yearly lows in the 107.30 region recorded last Friday. The up move, as usual, is in tandem with the strong recovery of yields in the US money markets, pushing the key 10-year reference to the 2.15%… View Article
September 12, 2017
EUR/GBP Update – 12/09/2017 (11:10am): EURGBP broke down of its Asian/early European session consolidation phase and tumbled to one month lows, closer to the key 0.90 psychological mark. The cross came under intense selling pressure and eroded around 50-pips following the release of latest UK inflation report that showed headline CPI matched a 4-year high reading of… View Article
