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…
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…
The Daily Fix
Trader thoughts - raising convictions on gold and EURAUD The market continues to try and find some sort of a trend in the price action, as the battle between central bank liquidity plays off against…
EUCO Preview: Make It or Break It
[caption id="attachment_365443" align="alignleft" width="300"] EUCO preview[/caption] Summary: On Thursday evening, the EU leaders are due to meet to discuss the package of short-term liquidity proposals agreed by the Eurogroup two weeks ago. In the interim, unresolved…
Coronabonds Are a Matter of Time. The French…
[caption id="attachment_365392" align="alignleft" width="300"] Coronabonds[/caption] In this note, I will discuss the issue of coronabonds from a French perspective and why it matters so much for the French government. France’s finance minister Bruno Le Maire…
EUR/USD – Weighed by Spec Longs, Struggling Through…
The Euro had a highly choppy trading session slipping to an overnight low at 1.0927 from its opening at 1.1045 after failing to break above 1.10527 highs. While the Euro bounced back and held above…
EUR/USD Continues to Trade with Clear Dovish Directional…
[caption id="attachment_364002" align="alignnone" width="650"] EURUSD Hourly (H1) Chart[/caption] EUR/USD: The pair continues to trade with clear dovish directional bias against the US Greenback, given escalating death toll and resulting damage to the economy in Eurozone…
Market’s Manic Monday Plunge – Worst Since GFC,…
Summary: The rapid spread of the coronavirus in the US and the world coupled with a 25% plunge in oil prices triggered by panic selling after a Saudi-Russia supply war erupted saw Wall Street suffer…
Asia Open: Market sentiment plummets as COVID-19 dominates…
Market sentiment plummets COVID-19 contagion is dominating the market psychology; proxy hedges are still oh so attractive, especially with early signs that credit is bleeding in Europe. The themes/triggers of last week's sell-off remain just…
