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…
Disappointing NFP Numbers Suggest Slowing US Recovery
As the global markets digest the latest news of US President Donald Trump testing positive for Coronavirus, economic labor data released Friday shows a slowing US economic recovery as the country quickly approaches a presidential…
The Daily Fix
The 3 most important markets that hold all the clues through 2020 I wrote this last night and thought I'd share as I think its important. Consider that it is just a view and may…
Federal Reserve announces details of new 24x7x365 interbank…
The Federal Reserve Board on Thursday announced details of the FedNow℠ Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States. The features and functionality described in…
Haruhiko Kuroda: The impact of COVID-19 on the…
Introduction It is my great pleasure to have the opportunity today to participate in this virtual discussion. In my opening remarks, I will talk about the impact of COVID-19 on Japan's economy and the Bank…
3 strikes for the US Economy
After the dovish talks from the FED earlier in the week, who have been concerned about the US coronavirus situation, more evidence to suggest a stalling economy has been delivered. The US gross domestic product…
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…
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…
