Wednesday, 17 February, 2016
—–Original Message—– From: Alan Taylor s&p putting in great performance ahead of the FED mins, i think though after seeing this sort of lead given up on the last rally from 1804 (this time we traded to 1802) id look to book some profit around here, levels to watch are 1940/45/47 Archr LLP is Authorised and regulated by the Financial Conduct Authority (FCA reference 617163). Archr LLP is not covered by the Financial Services Compensation […] Read More
Tuesday, 16 February, 2016
By Javier Blas and Wael Mahdi (Bloomberg) — For more than a year, oil diplomats have been busy behind the scenes trying to forge a deal between OPEC and nations outside the cartel to revive prices by curbing output. The maneuvering, led first by Algeria and now Qatar, started to bear fruit Tuesday, when Russia and Saudi Arabia, at odds over the war in Syria, agreed to freeze production at January levels. The first public one-on-one […] Read More
Tuesday, 16 February, 2016
BOJ INSIGHT: Negative Rates Show More in Toolbox for Infl Goal By Hiroshi Inoue TOKYO (MNI) – With negative interest rates taking effect Tuesday, Bank of Japan officials wish to keep expectations for 2% inflation alive by showing they have room to ease policy using more than just the asset buying program they began three years ago, but they also want to avoid volatility in the markets affected by their new tool. The aggressive monetary […] Read More
Tuesday, 09 February, 2016
Feb. 10 (ABC) — The International Energy Agency has issued a blunt slap down to the so-called "oil bulls" who see an imminent rebound in prices and the market returning to a more stable supply and demand equilibrium. The OECD’s Paris-based energy forecaster said a price rally late last month was most probably a false dawn for struggling oil producers. Brent oil dipped below $US28 a barrel back on January 20, before rallying 25 per […] Read More
Wednesday, 03 February, 2016
-BAML: several reasons incl wages, oil, downside growth risks for BoE to wait before hiking rates; Inflation Report may give a more dovish assessment of rate outlook than Nov; BoE speeches have not been as dovish as mkt expectations, hard to see MPC endorsing such a flat curve; expect inflation f/c a 2y and 3y horizon unch from Nov -DB: high-bar for Carney to ‘out-dove’ the mkt; acknowledgement of the offsetting impact of weaker sterling […] Read More
Wednesday, 20 January, 2016
See overnight IEA says Global oil markets could "drown in oversupply." I highlighted yesterday 15 extreme contrarian indicators normally associated with a painful squeeze in markets. This included RBS call that oil is headed to $16. I’m not tying to make a call on energy here but I still remember vividly the Economist front page article in 1999 "drowning in Oil" which absolutely bottom ticked the plunge in oil and an escalation in sentiment. I’ve attached […] Read More
Wednesday, 20 January, 2016
No Rally Safe in S&P 500 as Traders Forget About Buying the Dip 2016-01-20 05:00:01.2 GMT By Oliver Renick and Dani Burger (Bloomberg) — If it feels like rallies in U.S. stocks are getting shakier in 2016, they are. Case in point was Tuesday, when a 183-point gain in the Dow Jones Industrial Average evaporated and the gauge slid as much as 87 points before ending 28 points higher. In the 11 trading sessions since […] Read More
Wednesday, 13 January, 2016
Federal Reserve State Of Play – By Steve Beckner As 2016 got underway in earnest, Fed policymakers continued to echo the mantra of gradual interest rate "normalization" enunciated by the Federal Open Market Committee on Dec. 16. But some nascent doubts have begun to creep in about the wisdom of proceeding with a second rate hike in the near future amid global financial market turmoil, worries about the Chinese economy, Middle East tensions, collapsing oil […] Read More
Tuesday, 12 January, 2016
RBS tells investors: ‘Sell everything’ The Royal Bank of Scotland (RBS) has advised clients to brace for a "cataclysmic year" and a global deflationary crisis, warning that the major stock markets could fall by a fifth and oil may reach $US16 a barrel. The bank’s credit team said markets are flashing the same stress alerts as they did before the Lehman crisis in 2008. "Sell everything except high quality bonds. This is about return of […] Read More
Monday, 07 December, 2015
By Michael Heath (Bloomberg) — Australians, already the world’s biggest gamblers, are hitting a new record in 2015 as the equivalent of A$1,000 ($734) is lost by every man, woman and child Down Under. In the 12 months through September, Australians frittered away A$24.1 billion on gambling. That’s an increase of 6 percent from a year earlier, more than double the expansion of the overall economy, which grew a below-average 2.5 percent over the same period. […] Read More
