Daily Commentary 20/10/2014

Equity markets rebounded strongly, to close the week on Wall Street, as investors boosted confidence amidst speculation that Central Banks will extend QE. The ECB has plans to commence their latest iteration of their own QE and the Fed may extend. European markets clawed back some of the week’s losses with EU Construction showing some…

Daily Commentary 17/10/2014

Markets continued to leak overnight despite attempts by St Louis Fed President Bullard to calm the storm. He advocated further extension of monetary stimulus to combat the sharp collapse in confidence. The European Union is under extreme pressure with the spotlight focused directly on growth. The EU is sadly deteriorating into another recession unable to…

Daily Commentary 16/10/2014

European markets hit the panic button overnight with share markets losing over 3%! A sudden realization or the straw that broke the camel’s back? The German market looks like it has gone back into recession and that was the only beacon of hope. The EU economies have recovered, only marginally since the GFC, all the…

Daily Commentary 15/10/2014

Equity markets stabilized overnight but for how long? The melt down has been aggressive and currencies have been hit along with commodities. Oil has been one of the major victims, with demand plummeting, endorsing some very long time bears. The USD recovered strongly with renewed confidence and a hint of the ‘safety play’. The EUR…

Daily Commentary 14/10/14

US Markets were slow due to the Columbus Day holiday. Equities were flat and the USD was soft, with prospects of a delay in the cessation of QE, giving relief to market bulls. Recent weak global economic data, reviews of global growth downwards, has put pressure on the Dollar and stabilized big recent equity losses.…

Daily Commentary 13/10/2014

Equities turned negative to close the week in the US which is ominous. This may be the correction that markets have been looking for as the Dow turns negative for the year! The NASDAQ dropped 2%, after chipmakers demand tanked, especially from China. Global demand is slowing, while Governments employ fiscal expansion, funded by bloated…

Daily Commentary 10/10/2014

Volatility continued on Wall Street with all yesterday’s recovery wiped out, amidst fears of recession in Europe, having a global impact. Europe is fast becoming deflationary, desperate for growth but drowned in debt. The situation is looking increasingly frantic, with German trade deteriorating and if the engine room falls into recession, God help the Union!…