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 Week Ahead – S&P500, Dow & Nasdaq…
Last week: There was a bit of to and fro between risk-on and risk-off last week but the three major US stock indices all closed higher as hope for a Covid vaccine ultimately moderated concern about the…
The Week Ahead – S&P500 on Major Psychological…
Last week: I wrote two weeks ago that the reality on Main St had caught up with Wall St and last week was somewhat similar. The escalating spread of Covid-19 has resulted in a number of US Governors pausing their wind back of…
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…
Wall Street Ended Mixed; USD Outperforms G10 Currencies
Equity Markets US stocks ended mixed on Monday as investors mulled the reopening plans and the “new normal”. Health and technology stocks were among the best performers. Dow Jones Average Industrial lost 109 points or 0.5%…
USD/JPY – Heavy but Wary of Japan Inc,…
The Dollar retreated to fresh 7-week lows at 105.988 against the haven sought Yen in low volume trade as Japan celebrated their Golden Week holidays. Bleak economic data and an escalation in US-China relations has…
USD/JPY – 107.00 Post BOJ Support to Hold,…
The Dollar dropped to an overnight low at 106.99 after the Bank of Japan pledged to keep buying unlimited amounts of government bonds and keep borrowing costs low. This was widely expected, and we saw…
USD/JPY – BOJ Policy Decision Keeps Yen Contained,…
The Dollar Yen finished little changed, closing in New York at 107.50 from 107.62 on Friday morning. USD/JPY trade was extremely subdued with little volatility resulting in a total trading range of 39 pips. In…
USD/JPY – Eases Further, BOJ Meeting Next Week,…
The US Dollar eased modestly against the Yen to finish in late New York at 107.65 (107.75 yesterday). Earlier in the New York trading day, a report from Japan’s Nikkei that the Bank of Japan…