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…
The Daily Fix
Trader thoughts - reflation is back on Today was a good news day. The bulls heard what they wanted to hear, that re-openings continue to accelerate, and economics should be troughing with better days are…
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The leads set for Asia and the start of the new trading week are hardly inspiring, although the weekend news has been uneventful. Early selling in AUDJPY has manifested into early weakenss in equity futures,…
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Charts that suggest to trade defense The bears are certainly getting the upper hand, and today's Asian open is looking fairly dicey as the various indices start to unwind. While we’ve seen the USD outperform, I…
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Hi Trader, The rally in risk continues in earnest and while I have been expecting traders to look at levels to fade the move, we are not quite there yet. 2641 in S&P500 futures (the…
FX Cautious on Coronavirus Uncertainty, AUD, NZD Weak
Summary: The Dollar rebounded from two-week lows after the US 10-year treasury yield climbed back from all time lows at 1.30% to finish at 1.34%. Upbeat US New Home Sales data saw traders scale back…
Yen Lifts, VIX Fear Index Skyrockets, Aussie Falls,…
Summary: The Yen reversed its spectacular 2-day slide, lifting to 110.34 at one stage, before closing 0.70% up against the US Dollar (USD/JPY 110.70 from 111.57) as the coronavirus illness spread outside China. Iran, Italy…