Market Commentary - July 3, 2020

Posted by Kevin Jock on Jul 3, 2020 6:29:55 AM

     Wall street rallied Thursday on back of strong jobs data. Asia shares also seen on the rise. US data put pressure on gold.  In currencies, the Kiwi was top gainer against the USD. the Aussie dollar followed close behind. SEK and NOK trailed in the G10. ZAR and TRY saw little action.

Market Commentary - July 2, 2020

Posted by Kevin Jock on Jul 2, 2020 6:25:04 AM

 

Market Commentary - July 1, 2020

Posted by Kevin Jock on Jul 1, 2020 5:58:32 AM

     Day one of Q3 is underway. Increasing coronavirus cases shadow improving economic data in the U.S. Asian Shares see little movement. Hong Kong takes the day off for special administration public holiday.

Market Commentary - June 30, 2020

Posted by Kevin Jock on Jun 30, 2020 6:31:40 AM

     USD rallied Monday following a 44.3% MoM increase pending home sales data print. On the Covid front, many U.S. states revisit earlier moves to reopen the economy. Vaccine-wise, the candidate Ad5-nCoV has been looking promising and has been recently approved for human trials on military personnel.

Market Commentary - June 29, 2020

Posted by Kevin Jock on Jun 29, 2020 6:15:17 AM

    Headlines are dominated by new Covid 19 cases and impact, political tensions & concerns of economic recovery. Many U.S. states are considering pausing their reopening as Coronavirus cases reach 10 million globally with deaths topping 500,000 worldwide. 

Market Commentary - June 26, 2020

Posted by Kevin Jock on Jun 26, 2020 6:09:20 AM

     Asian Equities trade Up, Mainland China celebrates day two of the Dragon Boat Festival. Markets see increased volatility and increased concerns of the impact of new coronavirus cases. Yesterday pulled away slightly from risk-off trading seen earlier in the week.

Market Commentary - June 25, 2020

Posted by Kevin Jock on Jun 25, 2020 4:17:40 AM
Equities down, USD strengthens, China celebrates the Dragon Boat Festival

Market Commentary - June 24, 2020

Posted by Kevin Jock on Jun 24, 2020 6:34:07 AM
Second wave concerns, RBNZ rate unchanged & XAUUSD rises

Market Commentary - June 23, 2020

Posted by Kevin Jock on Jun 23, 2020 6:32:32 AM
  • US-China deal still “fully intact.” Markets bounce around
  • Equities saw modest gains yesterday, led by tech stocks

Market Commentary - June 22, 2020

Posted by Kevin Jock on Jun 22, 2020 7:29:56 AM

Last week’s losses retrace on back of news that Beijing only had 9 new (reported) cases. US and Asian indices trade higher from Friday’s close. AUD then NZD & GBP outperform to start the week. EURUSD trades up. Gold hit monthly highs as investors seek the safe-haven metal over concerns there will be a delay in global economic recovery

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