7 Dec: Stocks up as traders wait on a stimulus package after mixed US jobs data. RBA’s Lowe speaking shortly. EU Sentix later.

Stocks continued their run to new highs into the weekend, while the US$ was steady, despite the US employment data showing mixed signals on Friday. While the headline unemployment rate…

Continue Reading 7 Dec: Stocks up as traders wait on a stimulus package after mixed US jobs data. RBA’s Lowe speaking shortly. EU Sentix later.

4 Dec: S+P, Nasdaq at yet new highs despite increasing covid cases. US$ selloff gathers pace. NFP today. Australian R/S coming up.

Stocks remain firm while the dollar selloff gathers pace ahead of Friday‚Äôs US official unemployment data. Both the S+P and the Nasdaq touched yet new all-time highs on Thursday as…

Continue Reading 4 Dec: S+P, Nasdaq at yet new highs despite increasing covid cases. US$ selloff gathers pace. NFP today. Australian R/S coming up.

3 Dec: US$ under increasing downside pressure. Stocks flat. Services/Composite PMIs in focus. Australian Trade Balance coming up.

Stocks are flat on Wednesday, while the US$ remains under downside pressure at the end of a session in which sentiment was divided between optimism stemming from a potential Covid…

Continue Reading 3 Dec: US$ under increasing downside pressure. Stocks flat. Services/Composite PMIs in focus. Australian Trade Balance coming up.

2 Dec: Risk-on mood sends S+P, Nasdaq to new highs. US$ under pressure; more to come. Q3 Australian GDP ahead. US ADP jobs data later.

It has been a full risk-on session on Tuesday, with global stock markets rallying by 1.0%-1.75%, and the FX majors generally enjoying a strong rally against the US$ on the…

Continue Reading 2 Dec: Risk-on mood sends S+P, Nasdaq to new highs. US$ under pressure; more to come. Q3 Australian GDP ahead. US ADP jobs data later.

1 Dec: End of month profit talking sends stocks down. US$ unchanged. RBA Meeting, global Mfg PMIs ahead today. Fed’s Powell speaking later.

The US$ is marginally firmer on Tuesday, while stocks have given back 0.5%/1.5% on the last day of November, ending a month in which the major global indices have gained…

Continue Reading 1 Dec: End of month profit talking sends stocks down. US$ unchanged. RBA Meeting, global Mfg PMIs ahead today. Fed’s Powell speaking later.

30 Nov: S+P, Nasdaq close at all time highs. US$ under pressure. Big week of data ahead with focus on the PMIs and Friday’s US Jobs report.

In thin, holiday conditions, the US$ continued to come under downside pressure on Friday, with the US$ index (DXY) back below 92.00, and seeming as though it is breaking significant…

Continue Reading 30 Nov: S+P, Nasdaq close at all time highs. US$ under pressure. Big week of data ahead with focus on the PMIs and Friday’s US Jobs report.

27 Nov: Markets static due to Thanksgiving. WTI corrects from 9 month highs. Covid, Brexit and central bank policy remain the focus

Financial markets have been very quiet due to the US holiday and most assets have held within a tight range although oil has seen a correction lower in light trading…

Continue Reading 27 Nov: Markets static due to Thanksgiving. WTI corrects from 9 month highs. Covid, Brexit and central bank policy remain the focus

26 Nov: Soft jobs data cause headwinds for the dollar, stocks. US Thanksgiving today suggesting a quiet session ahead.

While the US$ remains under pressure, stockmarkets have ended mixed on Wednesday, as surging layoffs in the wake of a new round of shutdowns to contain spiraling Covid infections have…

Continue Reading 26 Nov: Soft jobs data cause headwinds for the dollar, stocks. US Thanksgiving today suggesting a quiet session ahead.

25 Nov: Risk-on mood gathers pace as Biden transition gets the green light. Big day of US data ahead today, ahead of Thanksgiving, Thursday.

It has been a big day on Tuesday, with the DJI passing 30,000 for the first time, the Russell Index (measuring the performance of approximately 2,000 smallest-cap American companies) also…

Continue Reading 25 Nov: Risk-on mood gathers pace as Biden transition gets the green light. Big day of US data ahead today, ahead of Thanksgiving, Thursday.