7 Oct: Trump delays coronavirus relief talks with Democrats, sending stocks down, US$ up. FOMC Minutes ahead, Wednesday.

Markets were having a steady session, with stocks trending higher and the US$ once again under pressure until Donald Trump, apparently fully recovered from his Covid scare, announced that he…

Continue Reading 7 Oct: Trump delays coronavirus relief talks with Democrats, sending stocks down, US$ up. FOMC Minutes ahead, Wednesday.

6 Oct: Stocks, commodities firm; US$ heavy. Australia in focus Tuesday with the RBA Meeting & Federal Budget being the major interest.

US stocks have had a good day on Monday, in recovering from the declines seen on Friday, as traders grow increasingly optimistic about more fiscal stimulus and the generally positive…

Continue Reading 6 Oct: Stocks, commodities firm; US$ heavy. Australia in focus Tuesday with the RBA Meeting & Federal Budget being the major interest.

2 Oct: Mixed data makes for choppy, sideways markets as traders look towards the US jobs report, later today. Australian R/S ahead.

US stockmarkets squeezed slightly higher on Thursday although traders remain wary of the chances of Washington passing an additional stimulus package to bolster the economy before next month’s election. The…

Continue Reading 2 Oct: Mixed data makes for choppy, sideways markets as traders look towards the US jobs report, later today. Australian R/S ahead.

1 Oct: US stocks up after constructive stimulus talks & some solid US data. FX rangebound. Japan Tankan, global Mfg PMIs ahead, Thursday.

Having ignored the shambles that was the Presidential Debate, US stocks have managed a solid session with the DJI adding 1.20%, the S&P 500 0.8% and the Nasdaq 0.74%, underpinned…

Continue Reading 1 Oct: US stocks up after constructive stimulus talks & some solid US data. FX rangebound. Japan Tankan, global Mfg PMIs ahead, Thursday.

30 Sept: Stocks, US$, oil all lower; metals higher. All focus now on the Presidential debate. China PMIs also ahead. Q2 US GDP later.

Global stock indices closed lower on Tuesday, reversing the 3 day winning streak as investors squared up ahead of today's US presidential debate, with the major tech stocks Apple, Microsoft…

Continue Reading 30 Sept: Stocks, US$, oil all lower; metals higher. All focus now on the Presidential debate. China PMIs also ahead. Q2 US GDP later.

29 Sept: Global stocks, precious metals higher, US$ retreats. Japan/German CPI today but focus now turns to tomorrow’s Trump/Biden show.

Global stocks have risen sharply on Monday, regaining some of their lost ground after 4 consecutive weeks of declines, with the banks and energy companies leading the way higher, perhaps…

Continue Reading 29 Sept: Global stocks, precious metals higher, US$ retreats. Japan/German CPI today but focus now turns to tomorrow’s Trump/Biden show.

28 Sept: Stocks up, US$ riding the safe-haven trade. US Presidential debate (Wed), NFP (Fri) will be the key focus this week

The US stockmarkets ended last week on a positive note, once again led by the tech sector, with the Nasdaq reversing a 3-week downturn, on the back of a good…

Continue Reading 28 Sept: Stocks up, US$ riding the safe-haven trade. US Presidential debate (Wed), NFP (Fri) will be the key focus this week

25 Sept: Markets choppy, sideways. US labor market slowing as fiscal stimulus hopes fade. Housing data strong. US D/G in focus Friday.

Thursday has been a mostly choppy, sideway session, with the US stock indices ending around 0.3% higher as the market struggles for direction after some mixed data. In the FX…

Continue Reading 25 Sept: Markets choppy, sideways. US labor market slowing as fiscal stimulus hopes fade. Housing data strong. US D/G in focus Friday.

24 Sept: US$ strong, stocks, commodities lower. Growth outlook slows as Fed remain dovish. SNB, IFO ahead. Powell/Mnuchin later – again!

It is a sea of red once again on Wednesday as the S&P and Nasdaq fell for the 5th time in 6 days, with the S+P down by 2.4% and…

Continue Reading 24 Sept: US$ strong, stocks, commodities lower. Growth outlook slows as Fed remain dovish. SNB, IFO ahead. Powell/Mnuchin later – again!