US Dollar Comeback Ahead? US-China Tensions Push Havens Higher
The US Dollar may rise on haven demand as US-China tension grows over technology and intra-governmental friction afterTrump’s executive orders on coronavirus relief aid.
Read More »Silver has made a potentially huge discount for the commotted bulls
Precious prices fell sharply as investors took profits amid a rally in bond yields. US treasuries and European bond yields climbed, cutting into negat
Read More »White House says deeply trouble by the arrest of Jimmy Lai in Hong Kong
Related to this yesterday: Jimmy Lai is also a leading pro-democracy advocate. He has been arrested under the new National Security Law. In that post I gave a heads up…
Read More »FX Update – Ahead of NFP, USD finds a bid
The narrow trade-weighted USDIndex (DXY) posted a two-day high at 93.16, extending the rebound from the 27-month low seen yesterday at 92.53. EURUSD concurrently retreated to a 1.1819 low, which…
Read More »Gold Price Outlook: Pullback On The Cards Amid Escalating US-China Tensions
Gold prices may slide lower as RSI divergence hints at uptrend exhaustion and US-China tensions buoy the haven-associated US Dollar.
Read More »ForexLive Americas FX news wrap: Payrolls provide a dollar boost
Forex news for North American trading on August 7, 2020: Markets: – Gold down $32 to $2031 – WTI crude down 43-cents to $42.52 – US 10-year yields up 2.8…
Read More »USA credit rating outlook revised to negative from stable by Fitch
Bold move by the rating agency The rating was affirmed at AAA but lowered to negative from stable. That’s how you get yourself a lawsuit. What Fitch had to say:
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