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 Drops Anew, All Eyes on Jobless Claims,…
Summary: US markets finished another choppy session after chances for a planned Senate vote to approve a USD 2 trillion relief package faded as markets closed on Wednesday. US stocks pared gains with the Dow…
MARKET WRAP: The Rebound on Stimulus Hopes Loses…
The rebound on stimulus hopes loses momentum. Brent < $30 [caption id="attachment_363680" align="alignleft" width="300"] Stimulus hopes[/caption] A bigger picture is starting to emerge of how governments are responding to the pandemic, and that in itself offers…
USDCAD Trades Higher Despite Fed Interest Rate Cut
[caption id="attachment_363944" align="alignnone" width="649"] USDCAD Hourly (H1) Chart[/caption] USDCAD after a weak start on Monday jumped higher despite the emergency rate cut by the Fed yesterday. Federal Reserve, in a surprising move, cut the interest…
Asian Stocks Finished Mixed, Gold Continues Lower
[caption id="attachment_365690" align="alignleft" width="300"] Fed's bazooka disappointed[/caption] Asian indices managed to recover from early losses and end mostly higher after a sharp drop in Wall Street yesterday. The Fed's bazooka failed to calm investors yesterday…
MARKET WRAP: Worst two-day decline in two years,…
We’ve now had two seismic daily declines on global stock markets. Short term traders may well choose to grit their teeth for a short-covering rally but we’re getting the impression institutional investors are materially reassessing…
MARKET WRAP: Worst Two-day Decline in Two Years,…
[caption id="attachment_363361" align="alignleft" width="300"] FTSE 100 Declines[/caption] We’ve now had two seismic daily declines on global stock markets. Short term traders may well choose to grit their teeth for a short-covering rally but we’re getting…
