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…
The Daily Fix
Trader thoughts - the USD laughing in the face of some incredibly bearish calls Going off movement alone, it was a dull session for US equities, with the hi-low range in the S&P500 one of the lowest…
Risk Rallies On; Reopening Trumps Riots, AUD, EMFX…
Summary: Market optimism on the economic rebound from easing lockdown restrictions extended lifting risk appetite, equities, and currencies. Ongoing protests in America and Hongkong, and rising number of confirmed total global Covid-19 cases (6,339,005 latest…
The Daily Fix
Trader thoughts - reflation is back on Today was a good news day. The bulls heard what they wanted to hear, that re-openings continue to accelerate, and economics should be troughing with better days are…
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There has been a collection of market-moving news flow over the weekend, although the bulls are dominating the open of S&P500 and NAS100 futures (both +0.7%), which is leading to some outperformance of AUD in what…
The Daily Fix
Trader thoughts - what you need to know on the re-open of markets We’ve seen a quiet FX open, with a slight bid in the USD reflecting small selling in US equity index (S&P500 futures -0.2%)…
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…
Risk Flees May Start into a Busy Week,…
Summary: FX saw a muted, nervous start in early Asia with risk-off sentiment prevailing as trade tensions build between the US and China. Golden Week holidays kick off today with Japanese and Chinese markets closed…
Oil Prices Tumble Anew, Dollar Lifts, Stocks, Bond…
Summary: Risk sentiment remained unsettled after another tumble in oil prices, and whilst not entirely unexpected, served as a reminder of Covid-19’s destructive impact on the global economy. Brent Crude Oil prices tumbled to USD…
