Friday close & Weekend Wrap: 9 November

Key points: Biden declared winner of US election Kanye has conceded, Donald hasn’t Markets calm into the weekend but risk expected to rally The election result has been called as expected with a Biden win however Trump refuses to concede or go quietly, also as expected. Legal proceedings against a number of states surrounding the […]

Market Overnight Wrap: 6 November

Key Points: Biden on course to win election but don’t write off Trump USD slumps with DXY back at 92.50, commodity currencies surge Gold jumps 2.7%, Bitcoin breaks $15000 for first time in 2 years Still no outcome on the election as key states still have votes to count with markets pricing in a Biden […]

Market Overnight Wrap: 5 November

Key Points: Biden on target to win election, Trump starts legal action US stocks rally strongly with Nasdaq 3.85% up on the day USD weakens with US yields, commodity currencies outperform The so called expected Blue Wave failed to materialise in yesterday’s US election sending markets on a yo-yo reaction as certain states swung between […]

Overnight Market Wrap: 4 November

Key Points: RBA cuts rates to 0.1% and increases QE as expected US stocks rally over 2% on the day USD weaker across the board with AUD best performer Here we are with one of the biggest events of the year and risk is firmly on. Are markets focussing on a Biden Blue Wave, will […]

October 22: Overnight Market Wrap

Key Points: US stimulus talks continue but still no agreement US indices close lower, USD sags GBP best performer on positive EU comments around continued talks With less than two weeks to go before the election, the USD has started to weaken once again driving back on gains made in recent weeks with London USD […]

October 21: Overnight Market Wrap

Key Points: Pelosi extends stimulus deal deadline with talks set to continue USD ends lower on the day, DXY back at 93.00 RBA’s dovish stance sends AUD lower towards 0.70c Yet again the main market volatility revolved around will they, wont they come to an agreement on the US fiscal stimulus deal. Comments from either […]

October 20: Overnight Market Wrap

Key Points: US stocks close lower as stimulus hopes fade UK/EU still at loggerheads over Brexit deal Mixed day for the USD as DXY closes at 93.40 The start of the week saw some enthusiasm around a stimulus deal as Trump’s hot air indicated he wanted a ‘bigger’ deal than Pelosi was asking for. Talks […]

October 19: Friday close and Weekend Wrap

Key Points: Politicians continue to argue over Brexit deal Stronger than expected US Retail Sales up 1.9% from 0.8% expected US stocks and USD largely unchanged to close out the week Despite Brexit and US retail sales headlines FX was largely contained to a quiet day with recent ranges holding. GBP was the most volatile […]

Key Points: Stocks close lower for third day USD strength continues as DXY moves back to 93.80 Brexit talks to continue over next ‘few weeks’ The theme remained the same yesterday with indices down once again but well off their intraday lows, driven mainly by political barbs and news that Remdesivir has little effect on […]

October 15: Market Overnight Wrap

Key Points: Europe braces for new lockdowns as Covid cases spiral US indices slightly lower as risk aversion remains Mnuchin: ‘Difficult’ to get a stmulus deal before the election Risk aversion continued to be the theme with US indices wobbling once again as a pre-election stimulus agreement looks unlikely. Mnuchin conceded that getting a deal […]