Market Comment

US Open Note – Stock indices to claim monthly gains despite jitters; dollar on the backfoot

Stock indices head for a monthly gain The month of July started with the impression that plans of monetary tightening could get more into fashion, adding a solid footing under currencies, while the earnings season could further brighten the outlook for stocks despite the inflaming virus numbers.

Weekly Comment – USD loses altitude; can NFP report rekindle summer rally?

USD finally caught up with tumbling real yields in the past week, with the Fed’s stubbornly dovish inclination intensifying the selloff mid-week.

Daily Market Comment – Stocks falter again, bruised dollar seeks to end losing streak

Market mood sours again as China crackdowns, mixed earnings and Delta fears all weigh Dollar halts slide but struggles to regain positive footing after dovish Fed and soft data Pound sets sights on $1.

US Open Note – FOMC’s tone knocks the dollar

Markets barely react to US GDP miss as Chairman Powell still on their mind; Eurozone inflation comes in strong The major US indices managed to remain resilient after yesterday’s FOMC comments from Chairman Powell, who signalled that patience is needed as there is still a ways to go before tighter policy.

Daily Market Comment – Powell eases taper angst, dollar slips; China stocks stage rebound

Fed cites “progress” but still a ways to go; September taper decision seen less likely Dollar hits 4-week low as easing China panic further adds to downside Asian equities bounce back but Facebook earnings warning could upset Wall Street Powell upbeat but in no rush to curtail QE The Federal Reserve acknowledged it had made “progress” towards its goals as it kept policy unchanged on Wednesday.

US Open Note - Stocks muted near highs, dollar firms

Markets prepare for FOMC release Yesterday’s consumer confidence for July ticked only marginally higher from June confirming optimism in the US, however, the dollar index weakened slightly, before stabilizing around the 92.

Daily Market Comment – China selloff steadies but Wall Street wobbles; dollar eyes Fed

China jitters spread to global equities but rebound may already be underway US shares slip despite stellar earnings amid China and peak growth concerns Will the Fed heighten or soothe market nerves? Dollar inches higher ahead of Fed decision despite subdued yields Somewhat calmer day for equities after Asian tumult Stocks in China were attempting to break their losing streak on Wednesday following three days of carnage triggered by regulatory tightening that targeted domestic tech giants and for-profit education firms.

US Open Note – Stocks drift at record highs and dollar loses some resilience

Markets freeze as Fed meeting underway; US Consumer Confidence ahead It seems continued selling in Chinese tech giants has somewhat hampered risk appetite, which has been further muted as investors hold a cautious stance awaiting the conclusion of the Federal Reserve’s policy meeting tomorrow.

Daily Market Comment – Turmoil in China but broader market mood steady

Freefall in Chinese stocks enters third day but rest of Asia takes cues from Wall Street US shares get another earnings lift, hit new records, big day ahead for tech giants But it’s all quiet outside of equities as Fed decision awaited Pound outperforms, flirts with $1.

US Open Note – Calm day ahead of busy week; US futures are flat

Quiet day ahead of Fed meeting this week The US dollar has a negative momentum ahead of the FOMC meeting this current week.

Daily Market Comment – US equities shine ahead of Fed but caution prevails elsewhere

Wall Street rallies on strong earnings even as US Covid hospitalizations surge Caution is the order of the day elsewhere as Delta and growth fears linger Dollar starts Fed week on steady note but yen and gold inch higher, yields slip again US stocks ride high; can anything spoil the fun? Wall Street ended Friday in a euphoric mood as Q2 earnings continued to beat expectations, but trading has gotten off to a much more cautious start on Monday, with the Fed meeting high on investors’ agenda.

US Open Note – Stocks to close the week unharmed as the focus turns to the Fed

Stocks flirt with record highs Despite a choppy week, which spurred pandemic fears before putting them back to rest again, global stocks bound up their wounds as investors cheered on robust corporate profits and assessed that fiscal and monetary policy could still protect economies from covid breakouts.

Weekly Comment - Fed meeting and a barrage of data coming up

The week started with investors losing their cool over a slowdown in global growth as the Delta variant continued to rampage, but the panic soon faded and stock markets returned to record highs.

Daily Market Comment – Stormy week ends with US stocks at record highs

Nasdaq 100 closes at new record as investors warm up to tech stocks   Euro heads lower after ECB commits to negative rates for longer Global PMIs coming up to shed some light on recovery speed  Delta blues fade There was no shortage of volatility in financial markets this week.

US Open Note – ECB delivers new guidance but no surprises; stocks stay on recovery mode

Risk-aversion fades Concerns over the Covid delta variant and its potential drag on global growth took a back seat on Thursday, letting risk-sensitive currencies such as the Aussie and the kiwi pare some of Monday’s damage and become the best performers of the day.

Daily Market Comment – ECB to commit to negative rates

ECB meets, likely to lock itself into cheap money for longer  Wall Street approaches record highs again as Delta scare fades Dollar pulls back, commodity FX recovers, gold can't catch a break ECB to strengthen forward guidance The main event today will be the European Central Bank meeting, which should be interesting after President Lagarde promised to deliver new policy signals.

US Open Note – Markets recoup and dollar stays upbeat

Markets retain buoyancy as forex arena looks to ECB decision The domino effect from the latest delta variant shock around infection spikes seems to have been short lived as US major indices today continued to recoup recently surrendered ground.

Daily Market Comment – Wall Street bounces back, dollar powers higher

Stock markets claw back losses as dip buyers return Dollar cruises higher with a little help from recovering yields But commodity currencies remain under pressure Dip buyers win again Wall Street staged a fierce comeback on Tuesday, without any particular catalyst behind this impressive recovery.

US Open Note – Stocks gain some footing; coronavirus dejavu-jitters linger

Stocks adjust to delta trauma while dollar holds firm Markets seem to be gradually regaining consciousness from yesterday’s risk-off blow even as yields are on the back foot.

Daily Market Comment – Economic growth worries torment stocks and oil

Economic slowdown concerns hit stocks, oil gets demolished  Commodity currencies struggle too, dollar and yen shine  But the panic could fade soon, as stimulus hopes return Pandemic blues hit markets Worries that the rampaging Delta variant will hamstring the global recovery took a bite out of riskier assets on Monday.



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