Daily Commentary 01/04/2016

The Dollar demise was halted overnight after hitting 6 month lows in the Index. The long shadow cast by Yellen has permeated markets for the entire week. Equities rallied, while bond yields continued to deflate, as the reserve support wanes. The Dollar hit lows, however temporarily, with the EUR 1.1400 and the GBP 1.4400. The…

Daily Commentary 31/03/2016

Central Bank influence remains the prime driver in markets, as equities continue to surge, bonds rally and the Dollar weakens. The ADP jobs reported a steady growth in jobs, while German inflation confirmed anaemic growth and Japanese Industrial Production severely contracted. Equity markets rallied strongly, on the back of Yellen confirming extended QE, while the…

Daily Commentary 30/03/2016

Markets were dominated again by Central Bank commentary as economic data releases were mixed. In a speech, Yellen advised QE should continue to stimulate growth and any rate rises should proceed cautiously considering the challenges presented by heightened risks. This signaled a rally in equities and fall in the Dollar. The GBP surged to 1.4385,…

Daily Commentary 29/03/2016

Markets closed for the Easter Holidays lower for the shortened week. The Fed talking up the prospects of raising rates has stalled equity rallies and strengthened the Dollar. The EUR has dipped to 1.1150, while the GBP fell to 1.4150, impervious to the ‘Brexit’. US Durable Goods Orders collapsed, from growth of 4.2%, to a…

Daily Commentary 24/03/2016

Pre-Easter markets remain quiet with little economic data being released and diverted by the Belgium terror attacks. The attacks have shaken the Capital of the EU, with ISIS making a statement, no-one in the West is safe! The instability will be reflected in markets, which undermines confidence, dragging an already weakened economy lower. The Dollar…

Daily Commentary 23/03/2016

Markets were totally pre-occupied overnight with the terror attacks in Brussels. The EUR held 1.4200, as Manufacturing and Services PMI were steady, from France, Germany and the EU. The GBP did slip back to 1.4200 after benign CPI data confirmed further QE may be required to spur growth. RBA Governor Stevens commented, in his latest…

Daily Commentary 22/03/2016

Markets began a holiday shortened week quietly, with no major economic data release overnight, while little has occurred on the monetary front. Easter is coming and expectations are low for any major dramas in equities or currencies. The Dollar regained some balance, with the EUR falling to 1.1250, while the GBP slipped below 1.4400. The…