Daily Market Commentary

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Friday April 23rd, 2021

Equity markets dip, Oil and US yields rise, US$ weakens amid covid concerns and speculation of a US capital gains tax. President Biden is expected to unveil his tax plan next week, with speculation that Capital Gains Tax may rise from 20% to 39.6%. President Biden’s tax plan is targeting US$1T in ...
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Thursday April 22nd, 2021

The US$ is flat, oil prices ease, equity markets and US yields are up amid surging global covid cases and US Jobs data. US initial jobless claims are expected to rise to 617K vs last week’s 576k strong result. Global coronavirus cases continue to hold at weekly record high levels of 925K average c...
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Wednesday April 21st, 2021

The US$ rebounds, oil prices weaken, equity markets are mixed and US yields inch higher as risk sentiment eases. Equity and oil prices remain under pressure following 2-days of declines amid concerns of rising global virus infections and the potential new variants will impact the pace of the world...
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Tuesday April 20th, 2021

The US$ dips to 7-week lows, Oil prices strengthen, equity markets weaken and US yields inch higher as risk sentiment returns. President Biden met a bipartisan group from congress on Monday as talks remain at an initial phase. The Administration wants to fund its US$2.25T plan via tax hikes, which i...
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Monday April 19th, 2021

The US$ weakens, oil prices tic lower, equity markets are mixed, US yields ease, and currency markets strengthen on upbeat market mood. The combination of strengthening US & Chinese economies, the Feds commitment to holding rates steady and falling US yields have boosted currency risk-on sentime...
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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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