Opinion – Thursday 1 October 2015

The US ADP Employment Report yesterday printed +200k, seemingly confirming that the US economy continues to create more than enough jobs each month to keep the Unemployment Rate trending down to – and through – the so called NAIRU rate (below which further labour...

Opinion – Wednesday 30 September 2015

A quieter past 24 hours, with no large moves, but no strong reversals either. US Equities closed slightly higher, while Europe was still weak. Bond Yields were a little lower and currencies in G10 for the most part flat. Oil did rise and Glencore, yesterday’s prophet...

Opinion – Tuesday 29 September 2015

It’s been a combination of factors that have coalesced to weaken the AUD overnight, but it has not been a cathartic move down, just another orderly look under 0.70. There have been weak Equity markets in both the Europe and US, hard/energy Commodities have been soft...

Opinion – Monday 28 September 2015

Friday’s tone was set by Fed Chair Yellen’s speech late on Thursday evening. In this, she backed up the Fed speakers post the FOMC, which have reiterated that the Fed are looking to raise interest rates this year. The optimism that started in the European session (on...

Opinion – Friday 25 September 2015

Another choppy day of trading with hints of risk-off still dogging equity markets and supporting Bond markets, while Commodities were non-directional with Copper down marginally but other metals mostly rose, including the Yellow metal. Oil partially made up from...

Opinion – Thursday 24 September 2015

The past 24 hours has been one of mixed emotions as far as risk sentiment is concerned. It was not helped initially by yesterday’s weaker China Manufacturing reading, and the quickly emerging shadow of Volkswagen’s issues, but there was something of a soothing balm...