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Macro Morning - MacroBusiness - Vimarsana News

Macro Morning - MacroBusiness

MacroBusiness Access Subscriber Only Content at 9:00 am on July 1, 2021 | 2 comments Another night of divergent fortunes as the triple witching month/quarter/FY end weighed on stocks markets with European markets selling off after Asian hesitation while Wall Street continued to rock higher into orbit, although tech stocks pulled back slightly into the close. The latest German unemployment figures came is as expected, while UK GDP slipped further.  The USD rose against all the majors including Yen this time while gold found a little bit of buying support after recently making a new monthly lo...

Macro Morning - MacroBusiness - Vimarsana News

Macro Morning - MacroBusiness

MacroBusiness Access Subscriber Only Content at 8:30 am on June 30, 2021 | 4 comments After Asian stocks sold off yesterday, last night saw more drifting and hesitation from European and American markets, although the S&P500 did briefly put in a nominal new record high. The USD rose against all the majors except Yen, with gold making a new monthly low, while commodity prices were mixed with iron ore losing ground alongside copper as oil lifted slightly as the OPEC+ meeting gets underway Bitcoin has turned its gap higher over the weekend trade into a little breakout overnight, breaking through...

Macro Morning - MacroBusiness - Vimarsana News

Macro Morning - MacroBusiness

MacroBusiness Access Subscriber Only Content at 8:30 am on June 29, 2021 | 1 comment Last night saw a clear divergence in risk taking with the all-in crowd heading back to US tech stocks with the S&P500 also putting in a nominal new record high as European stocks sold off sharply. Risk markets are waiting for tonight’s OPEC+ meeting with oil prices retracing 2% in anticipation while Treasury yields fell, taking back their Friday gains as currencies were largely unchanged as they await Friday night’s NFP print. Bitcoin was able to gap higher over the weekend trade and get back to last week...

Macro Morning - MacroBusiness - Vimarsana News

Macro Morning - MacroBusiness

MacroBusiness Access Subscriber Only Content at 8:30 am on June 28, 2021 | 2 comments Friday night was relatively mixed for risk markets with Wall Street putting in a new record high while European bourses were mixed as economic news was also mixed amid the coming of the triple witching month/quarter/year. Treasury yields jumped on the latest PCE inflation print, up over 10bps while commodity prices were mixed as oil tried and failed to breakout while copper and gold lifted slightly. Bitcoin cannot escape the clutches of the doomsayers with price last week hovering around the $33K level and f...

Macro Morning - MacroBusiness - Vimarsana News

Macro Morning - MacroBusiness

MacroBusiness Access Subscriber Only Content See the latest Australian dollar analysis here: Good economic and political news overnight pushed stock markets higher as we near the end of the trading week and the triple witching month/quarter/year. Wall Street made new highs on the back of a new infrastructure bill and better than expected durable goods order report, lifting European bourses along the way as the German IFO survey was also much better than expected. Treasury yields were largely unchanged alongside currencies while commodity prices were mixed yet again as oil made another new hig...