How Sterling Became a ‘Risk’ Currency, and What’s Next
The British pound has become very sensitive to changes in risk sentiment lately, with Cable transforming into a ‘risk on’ – ‘risk off’ pair whose fortunes are connected more to stock market performance than UK fundamentals. As such, a better...
Quest Session But Focus Remains On Covid-19 Hotspots
Notes/Observations Quiet EU session but focus on data to suggest the global economy likely passed the lowest point of the crisis. Focus remains on various Covid-19 hotspots Asia: BOJ Gov Kuroda reiterated stance that BOJ to take additional action without...
Emerging from Lockdown: A V-Shaped Recovery or False Optimism?
Looking at how risk assets have been performing over the past three months, it’s hard to tell there’s a global pandemic going on. To put it into more context, if someone had been living on a desert island during this...
US Futures Still Red, Watch BA, DD, ACN, KBH
The S&P 500 Futures remain weak after U.S. stocks lost over 2% on Wednesday as investors’ confidence in the economic recovery was shaken by resurging coronavirus cases. The U.S. recorded a one-day total of more than 36,000 new cases, the...
Asia Morning: U.S. Stocks Pressured By Resurging Virus Cases
On Wednesday, U.S. stocks lost over 2% as investors’ confidence in the economic recovery was shaken by resurging coronavirus cases. The U.S. recorded a one-day total of more than 36,000 new cases, the highest level since late April. California, Florida...
Tariffs the Icing on the Cake
Sentiment Tested as COVID Cases Rise Stock market sentiment is being tested on Wednesday, as a rising number of coronavirus cases combined with US tariff threats against Europe drag heavily on risk appetite. The rising number of coronavirus cases we’re...
Silver: White Metal Reverses Its Gains In The Asian Session
For the 24 hours to 23:00 GMT, Silver rose 1.58% against the USD and closed at USD18.29 per ounce. In the Asian session, at GMT0300, the pair is trading at 18.26, with silver trading 0.16% lower against the USD from...
Navarro’s Gaffe, PMI Rally, Oil Momentum Builds, Gold Surging
After a chaotic hour overnight, White House Adviser Navarro’s gaffe was quickly refuted and clarified, allowing the US stock rally party to continue. President Trump’s quick response to confirm the China trade deal is fully intact, told financial markets that...
EU Indices Up This Morning | TA Focus On Cranswick
INDICESYesterday, European stocks closed in negative territory, with the Stoxx Europe 600 Index falling 0.8%. Both Germany’s DAX 30 and France’s CAC 40 lost 0.6%, and the U.K.’s FTSE 100 was down 0.8%. EUROPE ADVANCE/DECLINE69% of STOXX 600 constituents traded...
RBNZ Meeting: Talking Down the Kiwi?
The Reserve Bank of New Zealand will wrap up its policy meeting at 02:00 GMT Wednesday, and while no action is expected, the choice of language could be crucial. Recent developments in New Zealand have been encouraging, which alongside stronger...
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