Opinion – Wednesday 26 July 2017

Judged by Equity, Bond, and Commodity markets, it has been well and truly a risk-on past 24 hours, but it has been more mixed as far as the currency market has been concerned. The AUD did test 0.7970 but was unable to hold that level and now sits back at 0.7940. In a...

Opinion – Tuesday 25 July 2017

It has been a quiet start to the week with no major market moves since I posted 24 hours ago.  US equities ended the day mixed with the Dow and S&P marginally lower while the NASDAQ closed marginally higher. A better than expected PMI print has helped the US...

Opinion – Monday 24 July 2017

More of the same for currencies and bonds on Friday, the US dollar continuing to leak lower alongside US Treasury yields. Latest news out of Washington helping maintain the bearish dollar tone was the resignation of white House press secretary Sean Spicer, after...

Opinion Friday 21 July 2017

The pick-up in market price action has continued in FX markets, with the EURO the star performer, not only against what proved to further weakness in the USD, but on the crosses. The AUD meanwhile has been cutting though all of the price action and is continuing do to...

Opinion – Thursday 20 July 2017

The big news event since I posted 24 hours ago was  President Trump imploring Republican Senators to forgo their Autumn recess (already pushed back two weeks) in order to repeal and replace Obamacare. There is a fat chance of that happening, and markets should already...

Opinion – Wednesday 19 July 2017

How much a dollar cost? Is a song from American rapper Kendrick Lamar and apparently it is Barack Obama’s favourite song of 2015. Well, whichever way you measure it, a US Dollar costs less today than it did yesterday. The USD sell off that began early yesterday...