We are mid august with most of the pros back on holiday following the huge volatility of a few weeks ago subsiding for now. Asia markets calm over night and barely moving. US indexes seeing more volatility yesterday but retracing the 160 ticks lows (dow) and ending the session flat. Out of hours on the …
Category Archives: FX
Markets
Asia recovered her composure overnight, didn’t quite provide a complete reversal of the prior day but on many markets, shanghi inc, price got close. (as the shanghi in a down trend this reversal isn’t too significant. Hangseng less impressive, 50% retrace). We said yesterday the price action was ‘in control’ and that the longs were …
Markets (catchup)
Markets So where are we here and now and where are likely to move to in the near term. Asia over night was weak. Singapore, HangSeng, Nikkei down over night. No particular fireworks although the Hangseng showed the best chance of producing fireworks particularly at the end of the session. I …
China Raises Rates, can’t sell Bonds, Trade Surplus Widens
Having narrowed recently, the trade surplus is widening again. Why? According to China’s own data she has been using stores of food and metals. Copper imports are slightly up from the prior month (but remember the prior month was very low for copper imports due to draining her stores – note copx price very high …
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