A very busy week ahead with month end numbers, central banks, inflation data and US employment report. That said, volumes are still extremely low and large orders are few and far between but tend to move markets none-the-less. The weaker tone was probably the residue from US tech markets, despite the late bounce seen for […]

A mixed session at best, but probably not surprising for a summer Friday and just ahead of US GDP data release. Australian ASX was the best core performer gaining +0.9%, helped by the announcement that BHP was liquidating USD assets to BP. Shanghai and Hang Seng closed in opposite directions and again, not too far […]

PRIVATE BLOG – Dow Jones Industrials July 26th, 2018

A mixed opening seen in Asia this morning which eventually turned into a down day given the lack of volume and positivity. Even though the US sent a confident tone, the after hours trading in Facebook unnerved many tech stocks. Facebook traded nearly 20% lower in futures terms after the Q2 revenue miss. It was […]

The late recovery in the DOW certainly offered a vote of confidence into Asia which benefited core Nikkei (+0.5%) and Hang Seng (+0.9%). Shanghai played plus and minus all day only to close almost unchanged as the Yuan saw a small recovery after recent declines. We saw a similar story in India where the SENSEX […]

PRIVATE BLOG – The Dow Jones Industrials for July 24th, 2018

The market is again balancing the idea of whether or not the Yen is a safe-haven currency! Today, we saw a move back into the mid 110’s in an almost flight to quality run following weaker Nikkei, ASX etc. Japan was a bag of nerves today following the sell-off seen in JGB’s as 10yr rates […]

Much of todays talk surrounded currencies and the talk of combined intervention! Whether it was or wasn’t is immaterial, but what we did witness was a turnaround in the US Dollar strength against most geographies and at the same time a steepening in core bond markets. These currency bounces helped many markets to recover some […]

  The strength of the USD is starting to become a lot more visible over the past 48 hours. In some countries, its looks as though currencies require a helping hand just to slow their downward spiral. In Japan the battle surrounding the Yen being a safe-haven or not continues, but looks to be losing […]

A pretty mixed day in Asia today with a small improvement for Japan, whilst the China decline continues. Having heard the comments from FED Chair Jerome Powell, markets assumed a hold mentality with volumes reflecting the uncertainty coupled with summer lull. The Nikkei did add +0.5% onto yesterdays numbers, but at the expense of the […]