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…
Fed Satisfies the Doves, Dollar Extends Losses, Euro…
Summary: The Dollar extended its broad-based losses after US Federal Reserve repeated its pledge to use “it’s full range of tools” to support the economy and warned that virus poses considerable risks to the outlook.…
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…
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…
The Daily Fix
Traders playbook - volatility matrix and event risk guide It’s a strange moment for markets, with equity looking more vulnerable, especially the NAS100, while other markets (like the S&P500 and DAX) are testing trend support. The…
Dollar Weakness Extends, Spreads to Yen; Covid-19 Wave…
Summary: Total Coronavirus cases in the US soared to above the 4 million mark with deaths climbing to 149,771. Preliminary factory and services output underwhelmed in the US while those of Australia, Europe and the…
Vaccine Optimism and Geopolitical Tensions
Vaccine Optimisim and Geopolitical Tensions It was another eventful week with many dominant headlines that create an atmosphere of indecisiveness. We started the week with promising vaccine updates from AstraZeneca. Interim results from the ongoing…
The Daily Fix
Trader thoughts - market leadership in question Happy Friday - For those who focus on news then we all become political analysts over the coming 24 hours. Well, we can extend that to next week…
EUR, CHF Extend Climb; AUD, NZD, EMS, Stocks…
Summary: Risk aversion intensified as the coronavirus spread spiralled higher amidst rising US-China tensions and signs of stalling economic progress. FX responded by purchasing European (EUR, CHF) currencies while selling those associated with risk (AUD,…
