Daily Market Commentary

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Thursday October 8th, 2020

Equity & Oil markets firm, while currency markets consolidate as US stimulus hopes builds. Stimulus hopes continue to simmer after the US Presidents tweet saying Congress should pass money for airlines, small business and stimulus cheques for individuals. The Federal Reserve minutes wants more s...
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Wednesday 7th October, 2020

Currency markets rebound after the US President’s surprised markets yesterday halting the US stimulus relief talks until after the US election. The US$ initially strengthened on safe haven buying after the US Presidents tweet, but the US$ steadied in the overnight markets. The US$ index eased ...
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Tuesday 6th October, 2020

Risk-on sentiment remains after the US President returned to the White House and talks continue for the US fiscal stimulus package. The US House Speaker and US Secretary of State will speak again today, and optimism is growing as they towards a deal on stimulus legislation. The US$ has stabilized, e...
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Monday October 5th, 2020

Risk-on mood returns with the prospect that the US President may be discharged from hospital. Equity, currency and oil markets strengthen on positive health updates of the US President. Positive tones are also being heard on the US stimulus front with Dem Pelosi saying progress is being made. Market...
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Friday September 2nd, 2020

The US President tests positive for COVID-19 causing oil, equity & currency markets to weaken on the news. Risk aversion emerged after the US Presidents announcement which saw safe haven JPY (+0.4%) and US$ both strengthened. Currency markets overall are relatively stable with CNY flat, Asian cu...
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Thursday October 1st, 2020

Currency and equity markets strengthen, US$ under pressure as risk sentiment improves for US stimulus relief. Investor focus remains squarely on the US Presidential election, the US economy and US stimulus updates. The next Presidential debate is Oct 15th, with commentators asking will the President...
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Wednesday September 30th, 2020

Risk sentiment dampens, equity markets weaken, while currency markets are mixed after the Presidential debate. The first Presidential debate described by commentators as acrimonious, with no clear winner, it raised concerns of a contested election and increased investor risk-off sentiment. If the ne...
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Tuesday 29th September 2020

Currency markets are mixed, while equity markets ease as market focus shifts to the US fiscal stimulus updates and tonights US Presidential debate. Three Fed officials will be speaking today, and their message will likely focus on the need for US fiscal stimulus relief. Dem Pelosi & The Treasury...
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Monday September 28th, 2020

Currency & Equity markets rebound from last week’s sell-off, finding support from upbeat industrial profits data from China. Global equity markets are starting the week stronger, all US equity futures also in positive territory heading into the North American open. In the latest round of Sino/...
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Friday September 25th, 2020

Global risk off sentiment continues with just 39 days until a US general election, coronavirus surging globally, and the Fed calling for more stimulus investors remain cautious. After the Fed comments this week that more fiscal stimulus is required, the US Congress appear to be hearing the message, ...
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