Daily Commentary 31/07/2015

US GDP was revised back to positive from the previously shocking contraction. This adds fuel to the fire burning for the Federal Reserve to raise interest rates. The two dictated determinants for a rate rise in the US are Employment and Inflation and both are compliant. It would be hard to argue against a return…

Daily Commentary 30/07/2015

The FOMC confirmed that an interest rate rise was in the pipeline for later this year. The Fed observed the Labour market had improved to such an extent that a rate rise is probable. The Chinese stock market crash and the Greek crises had both threatened the global economy which could negatively impact the US.…

Daily Commentary 29/07/2015

Stock markets rebounded after a week of sales ruminating from Chinese panic. The said market consolidated during yesterday’s trade and gave some confidence to global equities. It is far from over and there will be more complications. The Dollar rebounded against the EURO, trading 1.1050, while the GBP hit 1.5600 supported by the prospect of…

Daily Commentary 28/07/2015

Chinese equities fell off another cliff to begin the week sending jitters through global share markets. After another testing week across global markets the Chinese collapse has sparked fear on markets. Chinese Government intervention has made some difference, but a fall of 8.5% on the day, worries many! Chinese contraction is impacting corporate sales, to…

Daily Commentary 27/07/2015

Equities continued to lose ground and close the week a lot weaker. There were no major Geopolitical issues or substantial economic shock while corporate earnings reflected a slow US economy. Commodities are seriously compromised due to flagging Chinese demand and the associated currencies are feeling the heat. The AUD was sold off to new lows,…

Daily Commentary 24/07/2015

Equity markets continued to shed, with little on the macro-economic front to influence, thus swapping focus to corporate earnings. The consumer fails to push confidence and demand to the levels corporate America requires and this is beginning to impact earnings. The lack of Geo-political and Macroeconomic events reduce analysts attention translating to corporate earnings and…

Daily Commentary 23/07/2015

Equity markets continued to shed ground with Tech stocks missing expectations. Apple was sold off, despite record sales, profits and cash reserves. The story was all about the future and speculation that iPhone sales may have peaked. Microsoft logged big losses due to digestion of acquisitions and Yahoo disappointed. The Dollar rallied pushing the EUR…