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…
Weekly Summary: The Warnings and Grim Economic Data
US Health Officials and Fed’s Warnings Market participants are moving past reopening plans and are digesting the reality of this “new normal”. At a hearing before the Senate health committee, Dr Anthony Fauci, a US…
Global Equities Paint Mixed Picture Yet Again, Wall…
Powell speech and PPI data to provide directional cues, lingering caution to keep gains under check in Wall Street. [caption id="attachment_363123" align="alignleft" width="300"] Wall Street mixed[/caption] Summary: Wall Street yesterday saw major indices plunge down…
“Suffering and Death” Warning Hurts Markets
A sense of caution has taken hold across markets. Shares, riskier currencies, and oil are pointed lower. There’s a reassessment of the likely timeline for economic reopening. Our sense is markets juiced up by higher…
COVID-19 Market Research: Looking Beyond the Storm
Tracking coronavirus cases: The global economy (ex-China) has not passed through peak yet, and the risk of the second wave remains. John Hopkins University has created an interactive map to track in realtime the spread…
Yen, Dollar Up, Risk Currencies, EMS Drop on…
Summary: The Dollar took a defensive role, climbing against its rivals bar the Japanese Yen, amid worsening economic data and trade war fears. US private payrolls in April showed a record of 20.236 million jobs…
Which Way is Up?
[caption id="attachment_366033" align="alignleft" width="300"] Economies reopening[/caption] At the moment, the world economy is in a position where no one quite knows what’s going to happen next; it's an ordeal that no one has really experienced…
Asian Stocks Slump, Cryptocurrencies Under Pressure
Cryptocurrencies remain under pressure and Asian stocks plunged on Monday amid renewed tensions between USA and China as U.S. Secretary of State Mike Pompeo said there was a significant amount of evidence that the new…
Chart of the Week: USDCNH
Market tensions are increasing this morning following Trump’s threat to use tariffs to “punish” China for the way it handled the coronavirus outbreak. Over the past two days, the blame game between Washington and Beijing…
