Nothing seems to matter. Trump’s appearance at the G20 meeting this weekend was universally reviled as one of the worst foreign policy disasters since Chameberlain met with Hitler yet there’s no indication if it in the Futures as we seem to be holding Friday’s pumped-up, low-volume gains – so far.   ABC’s political editor, Chris Uhlmann delivered a […]

Dollar/yen continues its upwards move. After a short pause that followed the mixed Non-Farm Payrolls, the pair continues riding the tiger along the upwards support line and hits a major barrier. 114.37 is the cycle high. The level was reached in May and the pair could not advance from there. Two months later, USD/JPY hit a […]

Red ink dominated the first week of trading in July. The main exception: equities in the US, which edged higher. Otherwise, across-the-board losses weighed on the major asset classes, based on a set of exchange-traded products. US stocks bucked last week’s selling wave, albeit only slightly. Vanguard Total Stock Market (VTI) was fractionally higher, inching up six […]

In a quiet overnight session, S&P 500 futures are fractionally in the green (2,426, +0.2%) with European and Asian stocks as oil drops the second day after an initial ramp higher amid speculation that Libya and Nigeria may be asked to cap their production. Nasdaq 100 Index is again higher, following the biggest daily advance […]

The US dollar has begun the new week on a firm note, but the decline in yields limit the gains. The US 10-year yield is pulling back from the 2.40% area, which is it not been able to sustain gains above since Q1. European bond yields are also 1-3 basis points lower today after jumping last […]