Daily Market Commentary

Latest News

Wednesday October 13th, 2021

The US$ and oil prices weaken, equity markets are mixed, while US yields ease ahead of the US inflation data and the FOMC minutes today. The US Consumer Price Index ex food & energy (y/y) is expected to hold steady at 4% and m/m is expected to increase from 0.1% to 0.2%. Markets have mostly [&he...
Read More

Tuesday October 12th, 2021

The US$ is flat, oil continues to inch higher, equity markets are weaker while US yields are mixed as surging energy costs stoke up inflation fears and dents global risk appetite. Currency markets remain somewhat sidelined waiting for US inflation and the FOMC minutes on Wednesday. Intraday Fed Bost...
Read More

Monday October 11th, 2021

The US$ and oil prices strengthen, equity markets are mixed while US$ yields firm as “risk-on” appetite eases. The US$ strengthens in early trading on a combination of easing of Sino/US tensions, soaring energy costs and Friday’s disappointing Nonfarm payroll raising Fed tapering uncer...
Read More

Friday October 8th, 2021

The US$ is flat, oil prices strengthen, equity markets are mixed while US yields remain firm ahead of today’s US Jobs data. Nonfarm Payrolls is forecast to increase to 488k vs August’s disappointing 235k. A disappointing NFP print today would likely put selling pressure on the US$. Fed Chair Pow...
Read More

October 7th Morning Update

The US$ is lower, oil is lower, equity markets higher and US yields are unchanged. Senate appears close to a deal on short-term debt limit extension that would push back the problem until December. With the recent oil price surge, Americans are now paying the most for gas in seven years. US consider...
Read More

October 6th Morning Update

The US$ is higher, oil is lower, equity markets lower and US yields are up. Energy surge and inflation worries pushes the US$ index to its highest level in more than a year. In a bid to bring moderates in, Biden conceding smaller price tag for its budget reconciliation package is needed. Debt ceilin...
Read More

October 5th Morning Update

The US$ is higher, oil is up, equity markets higher US yields are up. Debt ceiling remains top issue with Biden accusing Republicans of stonewalling. Raising the debt limit comes down to paying what we already owe … not anything new,” In other news, U.S. Secretary of State Blinken is in ...
Read More

October 4th Morning Update

The US$ is lower, oil is up, equity markets lower US yields are up. According to Bloomberg, FED’s Clarida sold up to $5m worth of bonds and bought stocks (February 27th, 2020) one day prior to Powell’s announcement of potential policy action due to the worsening of COVID-19. Clarida becomes the ...
Read More

October 1st Morning Update

The US$ is lower, oil is lower, equity markets are lower while US yields are lower. Biden signs funding bill, avoiding shutdown. Infighting within the Democratic Party prompted a delay on the infrastructure plan vote. Dollar set for best week since June on expected Fed tightening. In other news, Oil...
Read More

September 30th Morning Update

The US$ is lower, oil is up, equity markets are up while US yields are down. Democrats and Republicans have reached an agreement on a stopgap bill to keep the government funded through early December, vote on Thursday to avert a shutdown. US$ taking a breather after recent strong move. GDP and joble...
Read More