Daily Market Commentary

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Wednesday September 4th, 2019

Major currencies rebounded from yesterday’s lows vs US$ as political risks in Italy and UK eased investors concerns. In Asia, Hong Kong leader announces withdrawal of controversial extradition bill, which was a key demand for protestors. HK stocks rallied 4% on the news. Chinese CNY recovered from...
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Tuesday September 3rd, 2019

Volatile markets welcome investors back after the long weekend. US tariffs on Chinese goods went into effect September 1st, with China responding with tariffs on Crude. Chinese govt has also lodged a complaint with the World Trade Organization.  Not surprisingly China & US have still not agreed...
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Friday August 30th, 2019

Equities rallied on optimism for the proposed Sino/US trade talks, but currency markets appeared less optimistic. Euro is near 2 year lows, Aud is near 10 year lows and CNY vs US$ is set for its worth month since 1994. Market uncertainties continue into the weekend as US  imposes tariffs, two state...
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Thursday August 29th, 2019

Positive comments  from both the US Treasury Secretary and Chinese Commerce ministry, that discussions are underway to set the next round of trade talks. At the same time US Administration announced the official collection of 15% tariffs will begin on September 1st. Safe-haven currencies continued ...
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Wednesday August 28th, 2019

Fading optimism for the Sino/US trade agreement and growing recession concerns as US yield curve inverts further.  Saw safe-haven currencies strengthened, Aud fell to decade-low levels and CNY remains near 11 year lows. A BBC comment that the British Queen could be asked to suspend parliament, saw ...
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Tuesday August 27th, 2019

The ongoing trade dispute remains the primary focus for the markets, but Presidents Trumps comments at the G7 “China trade deal coming” helped calm short term market concerns. Markets rebounded on the comments, but the general sentiment remains skeptical for the chances of a near-term trade deal...
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Monday August 26th, 2019

What a difference a weekend makes. Friday’s the tit-for-tat trade tariff increases from China & US saw safe-haven currencies rallying to fresh highs. Monday opens on a much more consolatory tone with China wanting “calm negotiations” and a willing for both sides to resume talks...
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Friday August 23rd, 2019

US$ remains firm vs major currencies. Oil prices fell slightly and CNY hit its lowest level since the financial crisis as markets await Fed Chairs speech today. Fed Chair Powell will address the Jackson Hole symposium of central banks at 2pm EST. The speech will be watched closely for indications if...
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Thursday August 22nd, 2019

Focus remains squarely on Jackson Hole and the Fed Chair speech on Friday, with investors looking for clarity on the Feds rate stance. Currency markets relatively remained range bound, the US$ has eased slightly heading into Fridays Fed speech. On going US/China trade concerns was reflected in the C...
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Wednesday August 21st, 2019

Markets have calmed as investors await the FOMC minutes tonight, as well as the Fed Chairs Speech from Jackson Hole Friday & the G7 meeting at the weekend. US$ was supported by news that the US administration is considering tax cuts on wages and that Japan/US trade deal is making progress. Intra...
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