We will probably only see one out of four move this week and that one will, of course, be the Federal Reserve. Yes, we have four central banks meeting this week (FED, SNB, BOJ and BOE) but it is only the FED where the market has anticipated a move. Having been talked for weeks we […]

The big talking point in Asia was GBP and the early indications that results were leading to a hung-parliament. Even before Europe had opened sterling was around 1.75% lower on the day. However, Asian markets were mixed with the largest mover being KOPSI (+0.75%). China data (CPI) released in line at 1.5% for May, whilst […]

The Asian session was mildly positive with just the Nikkei, the SENSEX and Nifty closing lower on the day. Although they were only small gains, they were gains none the less from +0.2% up to +0.3% for Shanghai, Hang Seng, and ASX. China was helped by better than expected data trade data. The situation in […]

Some were disappointed that the RBA (Reserve Bank Australia) did not actually cut rates and so were saw a sell-off in the All Ords. The Index declined around 1.5% with losses seen across the board in Financials, Energy and Resource stocks. The RBA reported balance of payments wider than expected (A$3.1BN). The currency balanced some […]

Ellesmere Island, Nunavut, Canada After Trump pulled out of the Climate Accord that would not let anyone speak at the Paris Conference who disagreed with their research, now according to Reuters, the conservative Berlin circle within the CDU is also calling for a softening of the German climate policy. In a statement, the group demanded an […]

The tragic incident in London over the weekend certainly unnerved market with all core markets trading heavy throughout the day. The Nikkei closed only marginally lower (-0.03%) given the JPY traded in one of its narrowest days in a long time – tensions are building for the end of the week. Other core did not […]

Those who think that the election of Emmanuel Macron to the Presidency of France is the savior of the Euro probably believe that politicians are really there for the people rather than themselves. Macron’s idea of federalizing Europe some call the “transfer-union” is politically never going to happen. The EU is being torn apart at […]

This coming week is what we would call in horse racing a trifecta with former FBI director James Comey’s testimony, the U.K. election, and the ECB monetary-policy meeting. Then our capital flow models seem to be picking up European buying of both US shares and bonds taking advantage of a rally in the Euro. The […]

Another mixed session for core Asia but we did see a slight pick-up for China following better than expected PMI report. The consensus was looking for a 51 and the actual release came in at 51.2%. Shanghai closed slightly better at +0.3% and proved to be the best performing core market. A good start after […]

It seemed lifeless in Asian trading today as China markets remained closed and the Nikkei hardly moved. Given the stronger than expected Japanese Retails Sales (3.2% against a forecast 2.3%) it is surprise to see the JPY trading back below the 111 figure in European trading. There was much Talk surrounding the MAS (Monetary Authority of Singapore) fining […]