Risk off endures and the greenback surges

Equities  While risk aversion if flooding back into the fray. The US morning sell-off in the tech sector triggered the equity rout. Given that Apple shares are so widely held, nothing good ever comes of a 5 % decline on Read More

The oil market’s far reaching implications

            Contents Oil Markets G-10 Currency Markets ( EUR, JPY and AUD) China far-reaching influence Australia Markets ( ASX) Asia Markets Asia Currencies (IDR, CNH, MYR) US Markets Gold Markets Oil Opinion Piece Oil Markets  Read More

China’s far reaching influence while US data is not showing any signs of letting go.

  China’s  far-reaching influence  Flagging growth in China revived global growth concerns. Naturally, pressuring  EM Asia and triggering a global equity market sell-off. But the diverging comprehensive global growth narrative should continue to favour broader  USD gains. Specifically, it was Read More

The Fed affect 

The Fed affect  After the questionable USD flop following midterms, the “Dollar weakness” story is quickly running out of favour. The Greenback was showing some Moxy in the early NY session, which was then supported as US jobless claims for Read More

Decision Time

Decision Time  Month-end flow combined with Midterm elections uncertainty  was more than enough to keep investors busy, and there were enough head fakes from the Trump camp regarding progress on a trade deal with China to keep political uncertainly boiling. Read More

Asia market update : Risk off

China Risk  USDCNY fixed at 6.9409 today, +52 pips from last fixing and +8 pips since the previous closing at 6.9401 on 16:30 Beijing time. A bit lower than markets expectations. But the jitters are evident as demand for font Read More

Asia Market update : China risk and oil update

China risk  Shanghai index is showing some moxie in early trade as perhaps investors continue to expect the Pboc and mainland regulators to provide a more convincing backstop given that they have only tapped into a tiny part of their Read More