Daily Commentary 17/09/2014

Chinese QE has now flushed markets with confidence and further liquidity, lifting demand, while boosting commodity prices. The flow-on interpretation was that the Fed may now, not act, to close QE in the face of Chinese Central bank activity. This did not help the Dollar which fell despite weaker European markets. European equities drifted lower,…

Daily Commentary 16/9/2014

Markets are honed in to the two day FOMC meeting beginning tomorrow and culminating in the rate decision, Wednesday, that drives equities and currencies. The Fed have digested a slew of improving economic data and the last, from Empire State Manufacturing, was just this. The improvements may lead to the completion of QE infinity, which…

Daily FX Commentary 15/09/14

US Equities continued to lose ground with economic data supporting the termination of QE Infinity and begin to raise rates. The end of the flood of liquidity may challenge the record bull run in equities and support a rally in the Dollar.  The EUR closed the week at 1.2950 and the GBP 1.6250. US Consumer…

Daily Commentary 12/09/14

Geo-Political events were simmering, with Obama finally making a commitment to combat ISIS, while the ceasefire holds in the Ukraine. With little on the economic front to occupy the markets attention turned to Central Bank speculation and a rising interest rate environment. This has served to bolster the Dollar which has had little in the…

Daily Commentary 11/09/2014

The Dollar rally continued, fueling speculation that this is the long awaited turn in the ‘Big Dollar’. Recent improvement in economic data has raised prospects of interest rate rises which will further bolster the once mighty Dollar. The strength in the reserve has hit commodities and currencies with the AUD reflecting this dipping down to…

Daily Commentary 10/09/14

Equities markets continued to tumble with markets nervous over the Scottish Independence vote and further sanctions imposed on Russia. Scotland hit the headlines when polls revealed that independence could become a reality breaking up the United Kingdom. Far reaching implications are being digested across Britain and Europe. The EU imposed further sanctions on Russia while…

Daily Commentary – 8th September 2014

Commentary Non-Farm Payrolls missed expectations by a considerable margin, reversing recent trends on the economic front, boosting expectations that the Fed will continue to supply the necessary drug to the addicted economy. Only 142,000 jobs were added, while Unemployment remained 6.1%, although participation remains at record lows. European economic news is dire, with GDP growth…