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…
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…
The Daily Fix
Trader thoughts - the USD cant find a friend For the first time in a while, the equity markets were not the epicentre of attention and instead the USD was front and centre with the…
Dollar Stumbles, Gold Jumps to Nine Year Highs,…
Summary: The Dollar stumbled, hitting 2-week lows as Gold jumped to highs not seen since 2011 (USD 1,818.). The yellow metal continued its grind higher as interest rates remain low in the current monetary expansion.…
The head and tailwinds of gold with some…
Recently there has been some discussion on the fair value of gold, with speculation on the price exceeding the $1800 marker, there has even been speculation for the price to rise as high as $7000.…
The Daily Fix
Thoughts on the market and the Q2 earnings playbook A new quarter and new challenges, but we start on a somewhat positive footing and while the NAS100 closed +1.2% - printing a new all-time high…
Covid-19 Resurgence Hits Risk, Dollar Wins, RBNZ Clips…
Summary: A resurgence in coronavirus infections in multiple US states hit risk appetite hard. California and Florida, the two largest economies in America reported a record number of new Covid-19 cases. Outside of the US,…
Dollar Up; Covid-19 Spread Spurs the Long and…
Summary: The US Dollar extended its gains as concerns of a rise in new Covid-19 cases globally and mixed US economic data drove demand for the Greenback. While Beijing claimed it was in control of…
AUD, Risk, EM Currencies Tank, Euro Tumbles, Equities…
Summary: The Australian Dollar’s star came tumbling down to earth as markets reversed risk sentiment sharply lower. Other risk currencies, the Kiwi, Canadian Loonie as well as Asian and EMS were not far behind. Sterling…
