Daily Market Commentary

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Thursday October 15th, 2020

Equity and currency markets weaken as risk-off sentiment grows amid rising coronavirus cases and stalled US fiscal stimulus talks. The US Treasury Secretary said that a coronavirus aid deal is unlikely before the US election. Global coronavirus cases continue to surge, and Europe announces stricter ...
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Wednesday October 14th, 2020

Risk-off sentiment re-emerges as vaccine trials stall, covid-19 cases continue to rise, and US stimulus hopes fade. Global coronavirus breach 38.5mio, and many countries reporting record daily new cases, the pausing of the vaccine trials by J&J, Eli Lilly & AstaZeneca has caused concerns for...
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Tuesday October 13th, 2020

Strong Chinese Imports, stalled vaccine testing and pessimistic IEA report sees mixed market responses. China’s September imports surged at 13.2% its fastest pace in 2020, and with exports growing at 9.9% YoY. The strong signals out of China boosted commodity markets. Johnson &Johnson halts te...
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Friday October 9th, 2020

Stimulus optimism continues to drive currency and equity markets. In what appears to be a reversal, the White House have opened the door to fresh negotiations with the Dems. The House speaker and The Treasury Secretary hove reignited stimulus discussions, but Reps appear reluctant believing that the...
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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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