Daily Market Commentary

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Friday November 13th, 2020

Equity markets up, US$ is flat and oil prices slip as COVID-19 case surge globally and US political uncertainty continues. The rising virus cases across the US and Europe and the prospects of the economic fallout has tempered the initial market enthusiasm from the vaccine news. The US$ stalls and ri...
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Thursday November 12th, 2020

The US$ steadies as US election uncertainty continues and vaccine enthusiasm ebbs. President Elect Biden focuses on the transition & COVID-19, as the White house initiates legal challenges to the election results. Markets refocus on the coronavirus as global virus deaths hit records +1.28mio, gl...
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Tuesday November 10th, 2020

Markets remain volatile as they contend with vaccine news, US stimulus, a contested US election, new election legal probes and EU tariffs. The positive vaccine news may have a negative impact for the prospect of a US stimulus as the news may reduce the pressure on US politicians to press for a new U...
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Monday November 9th, 2020

Risk on sentiment increases on vaccine news. In a vaccine breaking news today, Pfizer says COVID-19 vaccine 90% effective in a large study. Equity, currency and oil markets rally on the vaccine news. Still in play, Biden is win’s the US Presidency; US President Trump is yet to concede an...
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Friday November 6th, 2020

The US election count continues and the US$ remain under selling pressure. Markets are now betting on a clear win for Biden, a peaceful transfer of power and raising expectations of further US$ weakness. The Fed Chair spoke yesterday stating that the pace of US recovery has moderated, he highlighted...
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Thursday November 5th, 2020

Risk-on sentiment returns seeing the US$ testing 1-week lows ahead of the US election results. Equity and currency markets rally, while oil prices steady as pundits are predicting a Biden victory. Markets view a Biden win with Reps holding the US Senate would prevent action on more extreme policies ...
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Wednesday November 4th, 2020

Market volatility increases as the US election proves too close to call. The US President initially claimed victory, but with votes still to be counted rival Biden expressed confidence he will win. The US election remaining too close to call, the US President saying they will go to the Supreme court...
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Tuesday November 3rd, 2020

Risk-on sentiment returns with almost 100 mio votes cast, investors speculate on a decisive victory in the US elections. Equity, commodity and currencies strengthen ahead of today’s US election as investors anticipate a clear Biden poll win. Markets are betting on a decisive result in the US Elect...
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Monday November 2nd, 2020

US Election uncertainty and coronavirus lockdowns across Europe continue to dominate investor sentiment. France, Germany, the UK, Belgium, the Netherlands and other EU countries have announced new lockdown measures to reduce pressure as hospital intensive care units. The US$ index tested fresh 1-mon...
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Friday October 30th, 2020

US election uncertainty and surging coronavirus cases is keeping pressure on equity, commodity and currency markets. The US on Thursday set a new daily virus record at 87,100 case, with global cases approaching 45.5mio. The risk-off sentiment has seen the S&P is set for its worst week since June...
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