Daily Commentary 01/10/2015

Global equities staged a dramatic recovery to close the month and the quarter. It ends a terrible month for equities and commodities, which have been hit hard, with lack of Chinese growth triggering lower demand. The Dollar jumped as the ECB threatens to further enlarge QE, in the face of contraction, with CPI going negative.…

Daily Commentary 30/09/2015

Markets were flat overnight, after a radical sell off in Asian equities, following European and U.S. Monday opens. Currencies remained in a state of flux, with the EUR trading 1.1240, while the GBP held 1.5150. Pending Home Sales contracted, while the S&P Case Shiller Home Price Index was flat. The Dallas Fed Manufacturing Index continued…

Daily Commentary 29/09/2015

European markets crashed overnight triggered by a massive collapse in Glencore, which plunged 29%, adding to corporate fears after the VW crises. Glencore has been a huge global mining company which has expanded rapidly through acquisition, aided by low cost of capital, but commodity prices are taking their toll and testing their corporate bona fides.…

Daily Commentary 28/09/2015

DOW gains were offset with S&P weakness, driven by mixed messages from the Fed, not assisted by Biotech sell offs hit by Democratic politics. Yellen made a wide ranging speech confirming the Feds intention to raise rates this year. The proviso was, bar any ‘ economic surprises’, which are bound to happen. Yellen has been…

Daily Commentary 25/09/2015

European equities continued to hemorrhage, struggling to accommodate the massive influx of refugees , while the VW scandal threatens the industrial might of the engine room. The EU is being hit from all sides and does not have the institutions to cope, thus jeopardizing their very existence. The EUR remained firm, trading 1.1210, while the…

Daily Commentary 24/09/2015

Chinese Manufacturing PMI data in China contracted, once again, hitting commodities and their associated currencies hard. The AUD has slumped below 0.7000, while the Brazil currency hit an all-time low, the NZD stumbling below 0.6240. German and EU manufacturing PMI were both soft and Germany faces the massive challenge of the VW scandal spreading across…

Daily Commentary 23/09/2015

Global markets resumed the sell-off across commodities and equities. Chinese demand is contracting forcing commodities lower and impacting Europe and the US. The Feds lack of action has created asset bubbles across many asset classes. Equities have been the major beneficiary of QE and are now correcting. Commodities experienced a huge demand boost to prices…