Market Recap - BHP Targets $2.9 Billion Australian Iron Ore Project
7 months ago
US markets were mostly positive, except the Dow which closed lower by 0.10%. In the Asia Pac area, shares traded mixed despite the possibility that President Trump may Tax $50bln worth of Chinese goods. The ASX traded hi...
0 Comments
20121 views
Silver & Gold Have Curiously Risen As The USD Appreciated Today
7 months ago
Silver and gold have curiously risen as the USD appreciated today, the US 10 YR yield is down and the Nasdaq index pushed higher. It seems all correlations are broken and the only ones that make any ...
1 Comments
20550 views
Copper Is Continuing To Retrace From Higher Levels
7 months ago
Copper is continuing to retrace from higher levels as the stronger USD and progressing talks at the world's biggest copper mine, Escondida, continues. The industrial metal has now broken the support at $3.22/lb, the stron...
0 Comments
22043 views
Market Recap - Gold Finally Gets A Break
7 months ago
As the markets digested the FOMC rate decision, and comments, stocks fell in the U.S. In the Asia Pac area it was much of the same. The Nikkei was affected the worst falling nearly 1%, the Australian ASX fell 0.11% and t...
0 Comments
21943 views
USD/JPY Struggles To Push Higher
7 months ago
USD/JPY has duly struggled ahead of 111.00, as we suspected it would. A material push higher will require long end rates to rise a little more than they have, and today's FOMC has lifted the short end with 4 hikes n...
1 Comments
22756 views
EUR/USD Falls, However, Is It The End?
7 months ago
EUR/USD has pushed lower on the back of the Fed announcement tonight, but we are clearly seeing some demand coming in well ahead of the 1.1700 level. Lest we forget, the ECB meeting will be in the back of the minds...
0 Comments
22526 views
Market Recap - Commodities Traded In Red Overnight
7 months ago
Again a mixed close on Wall St. as the markets await the FOMC rate decision and comments, Nasdaq outperformed up 0.57%. That sentiment carried through to the Asia Pacific area as the Nikkei 225 traded 0.36% higher and the ASX...
0 Comments
24338 views
Trump and Kim Have Their Long-Awaited Showdown
7 months ago
Bourses in the US ticked up slightly as the market remains tentative ahead of key risk events. Asian markets followed suit and showed slightly more conviction as the Nikkei jumped 0.42%, ASX 0.15% and the Shanghai Comp. 0.85%...
0 Comments
24463 views
GBP Takes A Dive On The Back Of Weaker Production Numbers
7 months ago
GBP takes a dive on the back of both weaker production numbers, as well as a widening in the trade deficit, which is now at levels seen in late 2016. This will make a big dent in the Q1 GDP figures unless we see a mater...
0 Comments
25179 views
Natural Gas Currently Trades 1.36% Higher
7 months ago
Equities in the Asia Pac region have started mixed this week, the Nikkei is the outperformer up half a percent and this is despite a frosty G7 meeting over the weekend. The ASX traded lower by 0.20% and the Shanghai Comp. was...
0 Comments
25209 views
Following Some Recent Data, Sterling Is Heading Towards 1.3259
7 months ago
Sterling has taken a fresh leg lower after some potentially constructive moves today. Some of the recent UK data has been cause for optimism. However, in the background, we have the never-ending Brexit saga, which is cur...
0 Comments
27054 views
Oil Markets Traded Higher Yesterday As Venezuela Continues To Find It Difficult To Meet Its Supply
7 months ago
US bourses closed mixed yesterday as the Dow closed higher by 0.38%, the S&P (0.07%) Nasdaq (0.70%) underperformed. The risk-off sentiment filtered through to Asia as the Shanghai Comp. (-1.78%), Nikkei (-0.53%)...
0 Comments
26693 views
