G’day Traders, Yesterday’s rally was contributed to by rumours that the Fed was going to cut the rate it pays for bank deposits to zero from 25b.p. Ummm – I thought this was pretty stupid, but obviously stocks (and bond) traders believed in it because when Bernanke spoke, it was too boring and the market [...]

G’day Traders, This morning I was feeling a bit slack – just like the markets I guess. With the positive spin everyone was putting on the re-floating of the Chinese currency yesterday, to see it start strongly, then fall and finish lower shows me the market is running out of energy. When positive news can’t [...]

G’day traders, Today I got stuck into some work, but that’s fine because tomorrow I am heading to Croatia for a couple of days with some friends. I am looking forward to that and hopefully there is some sun. Some good manufacturing figures were offset by some bad housing data over night. I think manufacturing [...]

G’day traders, This morning my wife and I are in transit again, after having a fantastic time in the US, we are now bound for Europe. The markets have a variety of moves happening. We are seeing lots of Bullish moves for Indices, Grains and Softs. After the Dow’s huge movement over the weekend, it [...]