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…
USDJPY Technical Analysis Report 06 November, 2020
USDJPY broke multi-month support level 104.20 Likely to fall to 103.00 USDJPY under strong pressure on strengthening expectations of the eventual Biden’s victory in US elections taking place currently. The pair earlier broke sharply below…
Trump Election Delay Tweet, US GDP Record Plunge…
Summary: The Dollar extended its slide after US Q2 GDP plunged a record 32.9% annualized rate, slightly better than expected (-34.5%). It was still the deepest drop since the government began records in 1947. A…
Fed Satisfies the Doves, Dollar Extends Losses, Euro…
Summary: The Dollar extended its broad-based losses after US Federal Reserve repeated its pledge to use “it’s full range of tools” to support the economy and warned that virus poses considerable risks to the outlook.…
The Daily Fix
FOMC review - risks are brewing and the Fed know it Rather than a full text, I have put together a video reviewing the FOMC meeting and the market moves - what was said, what…
The Daily Fix
Traders playbook - volatility matrix and event risk guide It’s a strange moment for markets, with equity looking more vulnerable, especially the NAS100, while other markets (like the S&P500 and DAX) are testing trend support. The…
Vaccine Optimism and Geopolitical Tensions
Vaccine Optimisim and Geopolitical Tensions It was another eventful week with many dominant headlines that create an atmosphere of indecisiveness. We started the week with promising vaccine updates from AstraZeneca. Interim results from the ongoing…
Dollar Mixed, Stocks Turn Down, Covid-19 Rise Forces…
Summary: A degree of volatility returned to FX trading although the end-result was a flat finish to the Dollar Index (USD/DXY) which is a favoured gauge of the Greenback’s value against a basket of 6…
Risk Wars Extend, Dollar Rises on Global Virus…
Summary: Risk wars extended with a surge in new global Covid-19 infections foiling a record rise in the tech-heavy US NASDAQ. In the US, the daily number of new coronavirus cases topped 60,000, a fresh…
