• Currency Point – XAU hit by USD

    • August 2, 2019

    Everyone is talking about the ‘hawkish cut’ and the reweighting taking place in FX. The strength of the USD should not be underestimated, it has seen GBP, AUD, EUR and NZD get pounded to multi-year lows. It was even more painful when you factor in Powell’s testimony; his bumbling and inability to clarify the Board’s

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  • Australian market expected to open lower 02/08/19

    • August 2, 2019

    OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 15 points. U.S. government-bond prices extended early gains after President Trump said he would impose new tariffs on China. The Federal Trade Commission is examining Facebook Inc.’s acquisitions as part of its antitrust investigation into the

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  • Australian market expected to open lower 01/08/19

    • August 1, 2019

    OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 29 points.   The Federal Reserve cut interest rates by a quarter-percentage point-the first reduction since 2008-in a preemptive strike to cushion the economy from a global slowdown and escalating trade tensions.   Deutsche Bank AG

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  • Australian market expected to open higher 29/07/19

    • July 29, 2019

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 19 points.   The U.S. economy grew at a healthy clip in the second quarter as higher consumer spending offset a decline in business investment, keeping the expansion on track despite trade tensions and cooling global

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  • Australian market expected to open higher 26/07/19

    • July 26, 2019

    OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 34 points.       Dow posted lower net sales and profit, and the company lowered its guidance for capital expenditures by $500 million, citing global uncertainty.       British Prime Minister Boris Johnson laid

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  • Australian market expected to open flat 25/07/19

    • July 25, 2019

    OPENING CALL: The Australian share market is expected to open flat.   Boris Johnson formally became Britain’s prime minister and immediately set about assembling a team of ministers and advisers to prepare an all-out push to get the U.K. out of the European Union by the fall.   Decline in yield on 10-year Treasury inflation-protected

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  • Australian market expected to open higher 24/07/19

    • July 24, 2019

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 33 points.     A U.S. delegation is expected to travel to China for trade talks, National Economic Council Director Larry Kudlow said, marking what would be the first in-person talks since the Group of 20

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  • Australian market expected to open higher 23/07/19

    • July 23, 2019

    OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 10 points.      The Federal Trade Commission is expected to announce as soon as this week a settlement with Facebook over the company’s privacy practices, according to people familiar with the matter.      The

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  • Currency Point –  Adding to our positions, knocking a pair out

    Currency Point – Adding to our positions, knocking a pair out

    • July 19, 2019

    Our USD thesis is very much holding true. In fact, the fait accompli around the cut to the Federal Funds Rate has been strengthened further by several events of the past week. These been:– New York President John Williams confirming that its ‘better to take preventative measures’– Vice Chair Richard Clarida followed this comment in an

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  • Australian market expected to open lower 18/07/19

    • July 18, 2019

    OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 15 points.   U.S. consumers propelled Bank of America’s profit in the latest quarter, though the bank warned it could take a hit from any Federal Reserve rate cuts.   Libra, Facebook’s planned cryptocurrency, is facing

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  • Australian market expected to open lower 17/07/19

    • July 17, 2019

      OPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract expected to open down 13 points. Top Senate lawmakers questioned Facebook’s plans for its own cryptocurrency, with the banking committee’s leading Democrat saying the social-media giant isn’t trustworthy enough to operate its own digital money. The yield on the

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  • Australian market expected to open flat 16/07/19

    • July 16, 2019

    OPENING CALL: The Australian share market is expected to open flat. The SPI200 futures contract expected to open down 5 points.     European foreign ministers said the 2015 nuclear deal with Iran can still be saved, despite U.S. threats to further tighten sanctions on Tehran.     Citigroup reported that profit increased 7% and

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