Market Commentary - July 10, 2020

Posted by Kevin Jock on Jul 10, 2020 7:57:25 AM

     There is seemingly no end in sight as Coronavirus cases surge. A combination of re-emerging hotspots and government reluctance to act swiftly has cascaded into state-wide infections and in-turn, lock down proceedings. Joining Australia NSW, Queenlands will block border entry from Victorians. Coming Saturday, Hong Kong will re-implement stricter social distancing measures. Curfews to be applied in Serbia. New Jersey to sign an order requiring masks to be worn when outside.

     On the other side of the spectrum, whether in favor or against the strict policies implemented by China during their pandemic. Of global nations, China is emerging as the front-runner in successfully flattening the curve and subsequent waves. Investor confidence high with the Shanghai Composite Index breaking out of a year and half consolidation to 3,400. and Yuan appreciating beyond the 7.000 psychological level. Whilst the momentum may slow, with funding cost remaining low in the foreseeable future.

Market Commentary - July 9, 2020

Posted by Kevin Jock on Jul 9, 2020 5:21:43 AM

     USD saw broad pressure Wednesday. Equities saw gains. Wednesday brings no positive news on the Covid front, with daily highs continuing to be surpassed. Asian stocks trade higher.

Market Commentary - July 8, 2020

Posted by Kevin Jock on Jul 8, 2020 8:00:24 AM

     Global indices took a breather yesterday from recent rallies. With Nasdaq settling at historic highs, S&P500 being on a 5-day run and Hang Seng breaking out of a 3-month consolidation after the new security laws passed.

Market Commentary - July 7, 2020

Posted by Kevin Jock on Jul 7, 2020 6:32:11 AM

     US Dollar retreats Monday. Equities see mixed returns. GBP awaits the summer statement from Chancellor Sunak. CAD action suppressed by Oil pressure.

Market Commentary - July 6, 2020

Posted by Kevin Jock on Jul 6, 2020 5:55:55 AM

Figure 1 (source IS Prime): IDX.HK.50 rallies higher to values last seen in March.

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. 

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