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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