Tag: APAC Market Corner

Asia market midday market note

Hang Seng Index After a positive start during the morning trading session, risk continues to wobble on the heavily subscribed HSI. Don’t mistake short side profit-taking for a reverse in negative sentiment as this market is far from bullish on Asia risk. Despite positive developments on the US-China trade front, the playbook remains unchanged, and […]

Gold shines as the dollar fades

– Gold prices on Thursday held steady near a more than one-week high hit in the previous session, with hopes for a new round of U.S.-China trade talks weighing on the dollar. Gold prices have fallen nearly 12 percent since a peak in April amid intensifying global trade tensions and under pressure from rising U.S. […]

Edge of the seat type stuff !

Edge of the seat type stuff! US Markets After wobbling most of the day in extremely choppy markets, the US equity market finished mostly higher supported by higher oil prices and news that the US has formally sent an invitation to China to resume trade talks. But festivities were tempered as the market gave a […]

Channel one’s confidence

Channel  one’s confidence USDJPY and Emerging markets traded with a more positive tone overnight, although EM is hardly out of the weeds just yet, as US equity markets ignored a shaky start to finish higher on the day led by energy and telecom sectors. When the S&P markets rally in the face of higher global […]

Another Brexit bounce

Another Brexit bounce Global investors were encouraged by a breakthrough on the European political landscape when reports suggested the European Union chief Brexit negotiator Barnier has been given enormous latitude to get Brexit signed and even stated he expects a deal to happen within weeks. US Markets US equity market continues to climb that trade […]

A complex matrix of confusion.

A complex matrix of confusion. Establishing views on cross assets classes on Monday morning is becoming increasingly difficult. The tricky environment I am looking at today Emerging market issues are still lingering and incredibly shaky outlook, the S&P remains robust stable and seriously sturdy, US yields continue to march higher, and US economy continues to […]

The PBoC giveth the PBoC taketh

The PBoC giveth the Pboc taketh The  PBoC adjusts the Reserve Requirement( RR)  on FX Forwards trading from 0% (nil) to 20%  but recall in Sept 2017 the RR was pulled when the Yuan was too strong this time around the rule is back in place in a move seen as effort to restrict dollar […]

Dumping Risk or panic attack?

Dumping Risk or panic attack? Risk sentiment has gone in the tank on the continued rhetoric around Trump’s scheme to raise China tariffs to 25% instead of 10% with China claiming they will retaliate. Global equities have buckled while commodities like copper, oil and soybeans are feeling the pinch from escalating tensions. Oil Markets Oil […]

FOMC : Pardon the interruption

FOMC: Pardon the interruption The FOMC interlude was even less of an event than expected but that belies some of the headline risk creeping back into play, as the market has been waiting for a Whitehouse press release on China tariffs which has left investors to speculate if this will confirm the overnight chatter the […]