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…
Chinese Media Tries to Cool Overheated Stocks –…
Good morning. Here are our market highlights: - State media in China urges ‘respect’ for the market. - Gold breaches $1800 per oz for 9-year high. - China's inflation stats released. - COVD-19 concern as…
Market Update Video from Alistair
In this video, Alistair Schultz, Chief Market Analyst, has a look at the drops on the ASX 200 and the US Market overnight dropped on virus surge, as well as a look at Victoria border…
Preview: A Meaningless U.S. June Employment Report
Summary: Due to data volatility, misclassification and the recent rise in new COVID-19 cases which made many States to put reopenings on hold, investors should refrain from drawing any hasty conclusions from the U.S. June Employment…
Monthly Macro Outlook : Hysteresis is Becoming Mainstream
Summary: This is quite surreal. Despite facing the worst economic crisis since WWII and growing risks related to the US-China trade war, the stock market has performed extremely well in the quarter that just ended. The…
Wall Street to Open Lower Spurred by IMF…
[caption id="attachment_363123" align="alignleft" width="300"] Wall Street to open lower[/caption] Travels & Luxury goods sector stocks take a hit as the EU considers banning US arrivals, and IMF predicts a deeper recession weighing down market mood. Summary: …
Wall Street to Open Positive on Trade Relief…
[caption id="attachment_363123" align="alignleft" width="300"] Wall Street[/caption] Better than expected PMIs in EU & UK, trade relief provides positive fundamentals for risk sentiment. US preliminary PMI’s in focus. Summary: Global equities are trading with clear positive…
The ‘Navarro Wobble’, Apple, Casinos & DXY Fakeout…
Trade Deal “over” comment sparks wobble in Asian markets Apple shares touch record high after WWDC Rising virus cases see casino stocks tumble as reopening hopes fade Dollar breakout rolls over Econ Calendar: June PMIs.…
Wirecard Headed to Zero? More Fraud to Come…
European share rise with investors watching the rise in coronavirus cases. Wirecard shares plunge over 40% in the second day of steep losses. A decade of easy money to reveal more fraud? UK government borrowing…