Daily Commentary 01/12/2015

Equities dipped, in a big week, of economic data release and Central Bank commentary. The headline news today was the admission to the Reserve Currency basket of the Chinese Yuan. They are weighted over 10%, above the GBP and the Yen, despite being a fixed currency unit!? The ‘powers that be’ are so PC that…

Daily Commentary 30/11/2015

The U.S. went shopping for Black Friday, the day after Thanksgiving, the biggest retail shopping day of the year. Markets have been quiet all week as America travels home to give thanks. Equity markets had the quietest, lowest volume day of the year. All is set for a busy week coming, with all important US…

Daily Commentary 27/11/2015

The traditional Thanksgiving week came to a peak, with the actual holiday, allowing a breather for US markets. A very slow week will be reinvigorated next week with a deluge of economic data releases, Central Bank speculation and Geo Political events. U.S. house prices and Sales have booked solid gains but attention will be focused…

Daily Commentary 26/11/2015

Thanksgiving weekend is traditionally a very slow week as families travel across America to their annual reunions. Economic data was conducive to this ritual with small rises in Personal Income and Expenditure with positive news from the Housing sector. New House Sales jumped 10.7%, while House Prices pushed north, enhancing the sector. Composite PMI, from…

Daily Commentary 25/11/2015

Markets were dominated by Geo Political activity, with the shooting down of a Russian plane by the Turks on the Syrian border, ramping up tensions in the region. The Turks claim the Russian jet crossed the border, while the Russians claim this was false, warning of serious consequences. The Turks are anti Assad, pro US,…

Daily Commentary 24/11/2015

A slow start to a short thanksgiving week, with Oil pushing higher, while commodities drifted lower. The Chicago Fed National Activity Index contracted lower with anti-terror raids hitting Belgium and France. The EUR threaded water, trading 1.0630, while the GBP held 1.5150. Commodity prices influenced the associated currencies, with the AUD under 0.7200, while the…

Daily Commentary 23/11/2015

Equities finished the week strongly while speculation continued on the Feds course of action in the December meeting. The minutes confirmed conditions were currently good enough to raise rates, but this allowed an off ramp, the proviso being US employment and growth. Markets have built in a rise, but the event may be purely symbolic,…