Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
AUD/USD – Grinds Higher Even as Virus Count…
The Australian Dollar rebounded from its overnight low’s yesterday at 0.71207 to finish in New York at 0.7198. In early Asia, the Aussie extended its climb higher, setting currently at 0.7203. The weaker US Dollar…
Trump Election Delay Tweet, US GDP Record Plunge…
Summary: The Dollar extended its slide after US Q2 GDP plunged a record 32.9% annualized rate, slightly better than expected (-34.5%). It was still the deepest drop since the government began records in 1947. A…
AUD/USD – Lifts to 0.7200 on Dovish Fed,…
The Australian Dollar slid from its New York close at 0.7190 after trading to 0.7197 highs overnight after the Fed kept rates unchanged but signalled it will keep policy accommodative to battle Covid-19 in the…
The Daily Fix
FOMC review - risks are brewing and the Fed know it Rather than a full text, I have put together a video reviewing the FOMC meeting and the market moves - what was said, what…
AUD/USD – Hovering around mid-0.7100; Spotlight on Australia’s…
The Australian Dollar rallied back above its overnight lows at 0.71129 to finish the New York session at 0.7160, modestly up from yesterday’s 0.7150. After trading to April 2019 highs at 0.7183 last week, the…
The Daily Fix
Trader thoughts - the feel of markets ahead of Aussie CPI and the Fed It was the day before FOMC meeting and the markets are erring on the cautious side, with funds massaging exposures, amid a backdrop of a sub-expectations US consumer…
AUD/USD – Greenback Weakness, Strong Metals Lifts Battler,…
The Australian Dollar climbed off its lows yesterday at 0.70826, boosted by the broad-based US Dollar weakness and a strong Kiwi (NZD/USD). AUD/USD rallied to an overnight high at 0.7152, edging up to 0.7160 in…
Euro Soars Ahead, Yen Joins In, Ongoing US…
Summary: The Euro outperformed, hitting fresh 2-year highs (1.17813) and leading a broad-based FX rally against the US Dollar. Gold soared to a record high (USD 1,945.63), as safe-haven flows continued to divert away from…