Daily Market Commentary

Latest News

September 24th Morning Update

The US$ is lower, oil is flat, equity markets are down while US yields are flat. Dollar hovers above one-week low as Evergrande questions persist. The battered Chinese real estate company has missed a US dollar bond interest payment deadline. While it has a 30-day grace period it a stark contrast to...
Read More

September 23rd Morning Update

The US$ is lower, oil is flat, equity markets and US yields are up. Yesterday’s Fed meeting shed some light as to taper timing. Powell said that a scale back of asset purchases could begin in November and be completed by mid-2022. Half of Fed policy makers (9 of18) project a rate increase in 2022....
Read More

Wednesday September 22nd, 2021

The US$ is lower, oil is up, equity markets are up while US yields are flat. China’s central bank injected $14 billion into the banking system to support the country’s financial markets. Evergrande said it would pay the bond interest due on Thursday. Talk of the Chinese government taking...
Read More

Tuesday September 21st, 2021

The US$ is lower, oil is up, equity markets and US yields are up. While default fears continued to stalk China’s Evergrande Group, the markets are looking for possible intervention by Beijing. U.S. stock futures are higher in Europe as investors shake off the Evergrande news and are focusing o...
Read More

Monday September 20th, 2021

The US$ rises, oil is down, equity markets are weaker while US yields are lower. The dollar rallied to a 1-month high as market focus on both China’s real estate developer Evergrande’s (world second largest) potential failure to meet interest payments and Fed’s interest rate decision/press con...
Read More

Friday September 17th, 2021

The US$ and oil dips, while equity markets and US yields are higher. Yesterday’s US retail sales figure showed an unexpected increase reviving expectation for an early tapering. The US$ index is down slightly but near three-week high of 92.965. The Michigan Consumer Sentiment Index will be release...
Read More

Thursday September 16th, 2021

The US$ rises, oil is unchanged, equity markets are stronger while US yields are unchanged. Australia signs nuclear submarine pact with U.S. & the UK. China is fuming saying it’s intensifying the arms race in the region, while France is upset at being pushed out from lucrative deal. Market is ...
Read More

Wednesday September 15th, 2021

The US$ dips, oil continue to rise, equity markets are weaker while US yields are unchanged. Markets start the trading session on a cautious note after Chinese retails sales grew at just 2.5% in August vs expectations of 7% as the country deals with its worst outbreak of covid since early 2020. Curr...
Read More

Tuesday September 14th, 2021

The US$ is steady, oil extends gains, equity markets are mixed while US yields remain firm ahead of today’s US inflation data. Markets are focused on today’s CPI results for August, with the results providing markets and indication of the Fed’s possible timing on tapering. The CPI is e...
Read More

Monday September 13th, 2021

The US$ and oil prices strengthen, equity markets firm and US yields are mixed as Fed tapering expectations grow.  The US$ retests 2-week highs as market expectations grow that the Fed could taper its fiscal stimulus sooner despite a surge in US covid cases. The US has a flurry of economic data re...
Read More