Daily Market Commentary

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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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Wednesday December 30th, 2020

The US$ hits 2 ½ year lows as markets ignore tier 2 US stimulus wrangling and China/EU set to sign a significant investment deal. The Senate Majority Leader McConnel blocks the Dems and US President’s attempts to rollout US$ 2k stimulus checks and the likelihood of a compromise ahead of the new y...
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Tuesday December 29th, 2020

Risk on sentiment rally continues after the US House passes a new $2k paycheck stimulus with 2/3rd majority and turns down the Presidential defense bill veto. Equity, currency and oil markets extend their gains and Japan’s Nikkei hitting 30-year highs driven by fresh US Stimulus hopes. CNY an...
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Thursday December 24th, 2020

Brexit optimism helps spur risk on sentiment in thin holiday trading markets. A Brexit agreement appears imminent as negotiators iron out final details, the UK PM is expected to give a press conference today. In the US the President’s veto of the Military bill, his criticism of the Stimulus bill s...
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Wednesday December 23rd, 2020

Risk-on sentiment returns despite the US President’s threat not to sign the US stimulus bill.  The US President rattled markets by demanding changes to the stimulus bill by asking for increased payments to individuals and removing of “wasteful & unnecessary items”. The president didn...
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Tuesday December 22nd, 2020

Risk-on sentiment continues to ease amid the spread of the virus mutation. Virus concerns saw markets consolidate into the holidays, exiting riskier investments, benefiting safe haven US$. Overall markets are calmer after the US Congress passed the US$900 bln relief stimulus bill. GBP & EUR re...
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