Daily Market Commentary

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Friday April 16th, 2021

US yields inch higher, Oil extends its gains, equity markets are up while the US$ weakens ahead of Michigan Consumer Sentiment Index. Market optimism received a boost with the better-than-expected US Retail Sales, improving initial jobless claims on Thursday and today China’s economy saw GDP jump ...
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Thursday April 15th, 2021

Equity markets are stronger, US yields dip, oil prices lower after Wednesday’s 4.9% rally, while US$ tests four-week lows. The Fed Chair continued their cautious message yesterday, saying that the Fed will likely taper QE “well before” US interest rates increase. The feds comment cooled tighte...
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Wednesday April 14th, 2021

The US$ edges lower, oil prices strengthen, equity markets are mixed while US yields inch higher ahead of five Fed speeches & the Fed’s Beige Book today. Markets will focus on Fed Chairs speech and four other Fed presidents speaking today, all of whom are expected to mirror Tuesday’s Fed Haw...
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Tuesday April 13th, 2021

This morning US futures inch higher, US$ is flat, oil prices firm and equity markets are mixed ahead of today’s US inflation data. Inflation is now one of the markets main worries, but the Fed has actively campaigned to dampen the market concerns. CPI (YoY – Mar) is expected to rise to 2.5% vs p...
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Monday April 12th, 2021

The US$ inches lower, oil prices are firmer, while equity markets and US yields are mixed post the Fed Chairs comments. The Fed chair speaking on Sunday night saying the US economy is at an inflection point. The Fed chair expects hiring and growth to acceleration, but a new covid-19 surge could pote...
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Friday April 9th, 2021

Equities are mixed near record highs, oil dips, while US$ and US yields recover ahead US PPI data. A risk-off mood returns after a disappointing US jobless claims which increased to 744k, holding above the 700k for a second week. The Fed chair delivered a hawkish message and reiterated the bank’s ...
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Thursday April 8th, 2021

Oil prices slightly weaker, equity markets mixed, US$ flat & US yields unchanged ahead of Fed Chair’s speech and US initial jobless claims. The FOMC meeting minutes reflected the Fed’s commitment to continue to support the US economy beyond the current economic rebound. The Fed Chair Powell ...
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Wednesday April 7th, 2021

Oil prices fluctuating, equity markets mixed, US$ and US yields are flat as markets await the release of the Fed meeting minutes & US infrastructure plan update today. The Fed meeting minutes will be scrutinized for hints about policymakers’ views on rising yields, inflation, and possible time...
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Tuesday April 6th, 2021

Equity and oil markets are stronger, while the US$ weakens and US yields dip as risk-on sentiment improves. The US economy continues to strengthen as seen by Mondays US ISM Services PMI for March which hit a record high for America’s largest sector. Chinese Services PMI reported today also beat ex...
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Monday April 5th, 2021

The US$ and US yields hold flat, oil prices drop, while equity markets strengthen as optimism grows following Friday’s strong US employment report. US Dems strive to push their US$2T infrastructure plan forward, but say they are open to debate with Reps on funding. The White house administration p...
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