Daily Market Commentary

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Thursday January 14th, 2021

A full day of news with Impeachment, US stimulus, Fed speech’s and US jobless claims data. The US$ & Oil prices stall while Treasury yields, and equity markets strengthen on the prospect of US$ 2tln in covid-relief stimulus. According to reports President Elect Biden is set to announce his...
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Wednesday January 13th, 2021

US$ edges higher on safe haven buying, equity markets dip, while oil prices extend gains. US yields ease after the US Treasury auction was met with solid demand on Tuesday and two Fed officials pushed back on the possibility of tapering bond purchases anytime soon. Hanging over the markets is the pr...
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Tuesday January 12th, 2021

US yields advance, US$ stabilizes, oil prices near 1-year highs and equity markets edge higher. US Treasury yields continue to rise as the Fed considers tapering its bond buying activity which has resulted in a return to US$ buying. In Washington the political drama continues with VP Pence unlikely ...
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Monday December 11th, 2021

Risk-off sentiment returns as US Treasury yields rise, the US$ strengthens and Dems threaten impeachment. The US$ extends its gains on rising US Treasury yields as the bond sell off extends and the Federal Reserve appears to be tolerating the increase in long-term rates. US politics’ remains centr...
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Friday January 8th, 2021

Optimistic vaccine news and anticipation of more US stimulus helps sustain risk-on sentiment. Pfizer announced today that its vaccine works against both the British and South African virus variants. Rising bond yields is helping the US$ bounce off its multi-year lows, but the US$ momentum is slowing...
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Thursday January 10th, 2021

Despite the shocking scenes of the US Capital building being overrun yesterday, investor reaction was muted, and markets remained stable. The US President concedes, Congress certified President-Elect Biden’s victory and the Dem’s won both the Georgia US Senate seats. Democrats now have control o...
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Wednesday January 6th, 2021

Risk-on sentiment drives US$ lower as Dems are expected to win both seats in Georgia. The US$ hits its lowest level in almost 3-years as markets anticipate that Dems will win both runoff seats in Georgia, fueling risk on sentiment. In DC the US President Trump will address protesters at the same tim...
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Tuesday January 5th, 2021

US politics continue to cause market jitters amid the Georgia elections and the Congress certification of the Biden presidency on Wednesday. The US Senate run-off election in Georgia is critical for Dems, if they lose it will be the first time since 1989 that a President starts their term under a di...
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Monday January 4th, 2021

Risk-on sentiment resumes as markets look beyond surging virus numbers, slow vaccine deployment and US political concerns. Global virus cases surpass 85mio as the roll out of vaccines run into manufacturing issues and overstretched resources impeding the speed of the vaccine delivery. Within the US,...
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Thursday December 31st, 2020

The US$ index ends 2020 down 7% as markets increase risk-on sentiment and diversify away from safe haven US$. The US Senate Majority leader McConnell rules out a quick vote on the House Bill for US$2k covid-19 relief checks. The US Senate is also expected to veto the defense bill in a motion set for...
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