News

The biggest US data point of the month, Non-Farm Payrolls, comes in at Friday 8.30am EST. This month’s data will be hurricane effected, so consensus is for a low headline number. Considering how strong the PMI’s were this week, a poor NFP can be shrugged off as transitory and the Fed can stick with the […]

Commentators on CNBC and uber bearish websites (you know who they are) have criticised the US market rally for being too thin, too focussed on the big name tech stocks. Bearish stories get all the attention, yet the market continues to grind higher week after week. Here’s a good one from David Stockman, who believes […]

In another example of the power of the state, peaceful voters in Spain’s Catalonia region have been met harshly by police. The region was holding a peaceful vote for independence today, however Madrid ruled the vote illegal and has made various attempts at suppressing voters and closing poling booths. Riot police clashed with voters in Barcelona and other […]

To say that today’s speech by BoC governer Poloz was bearish wouldn’t do the market reaction justice. The USDCAD, which has been ripping to the downside recently on a hawkish Bank of Canada and rising oil, reversed hard today on the revelation that the BoC is now going to move ahead with caution. FX traders […]

The US Federal Reserve confirmed that another rate rise was likely this year, sending the EURUSD below 1.19, and US 2-year yield to its highest level since 2008 on Wednesday. While the Fed didn’t raise rates (as expected), the “dot plot” firmed up another rate hike in 2017. One caveat, if you could even call […]

The markets buoyant start to September could see some volatility this week when the US Federal Reserve delivers it’s decision on interest rate decision on Wednesday. Importantly, it’s expected to announce the beginning of balance sheet reduction. Fed Not Expected To Raise Rates. While another rate hike isn’t on the cards, future guidance and comments […]

Yuan denominated Bitcoin crashed today in today on news that China’s second largest exchange, BTCChina , will halt trading as of September 30. As of 11.30am EST, the Yuan BTC cross was down a massive 35%. BTC/USD didn’t far much better, at 6.30pm EST it’s down -14% and trading below the crucial $3500 dollar support/resistance level. […]

The dollar has seen nothing but red this year, is it time to buy the US dollar? The Year of the Bulls Turned Sour. Every man and their dog was long the dollar going into 2017. The story was clear: we had a  weak Euro-zone, weak Canada, weak Japan, and a strong USA with a […]

The market reaction to the latest North Korean escalation has been muted due to the US holiday, but expect some volatility on Tuesday morning. US traders will come back to work tomorrow morning facing an escalation of the North Korean crisis. The small selloff into Friday’s close on the SPY appears warranted, as geopolitical issues […]

The last week of August was tipped by some to be a snoozefest for the markets, but North Korea and Mother Nature had other plans. Gold and Oil/Gasoline have popped for entirely different reasons, and the flow-on effects from these events could be far reaching. North Korea, Missiles & Gold. Gold has been strong since […]