Monthly Archives: June 2020

Tuesday June 30th, 2020

Investors appear to be torn between growing second-wave fears and the positive recovery signals from recent data releases. Upbeat US home sales and Chinese factory data provided investors optimism about the global economic recovery. The optimism is being offset amid rising coronavirus cases with rec...
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Monday June 29th, 2020

Markets are starting the week off mixed with European equity markets up, US$ index & oil prices lower as Covid-19 continues to dictate investor sentiment. Global coronavirus cases hit +10mio and global deaths surpassed 500k, amid rising new cases across the US, Latam and South Asia. Chinese lawm...
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Friday June 25th, 2020

Markets showed some signs of optimism this morning with both equity and oil prices rising despite the growing number of covid-19 cases globally. The US had its single worst day of new covid-19 cases with +37k reported yesterday as 30 states reported a rise in new daily cases. Globally there are 9.7m...
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Thursday June 25th, 2020

The ongoing surge in coronavirus cases and the IMF’s downgraded economic forecast yesterday saw investors return to safe haven buying. Markets are opening up relatively unchanged from yesterdays close with global equity and oil markets slightly down and US$ index up marginally vs a basket of major...
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Currency Market Review June 24th, 2020

Coronavirus news dominated the headlines as global cases continue to rise along with a somber report on global markets from the IMF as a result of the Covid-19 pandemic. The Canadian dollar came under renewed selling pressure with falling oil prices, coronavirus, an the announcement that Fitch down...
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Wednesday June 24th, 2020

Investors turned cautious as coronavirus cases continue to increase across the US, China, Latam and India. Global coronavirus cases are expected to pass 9.4mio today, with 2mio new cases reported in just the last 14 days, and in the 23 US states seeing a surge in new cases this week. Investors unner...
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Tuesday June 23rd, 2020

The “Recovery Rally” continues with equity and oil prices firmer and US$ index remaining under pressure vs a basket of major currencies. Positive PMI data out of Europe and the UK have helped currencies extend their rallies. Markets dipped in early Asian trading after a White House adviser said ...
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Monday June 22nd, 2020

New virus fears concern investors with the WHO reporting the single largest day of new covid-19 cases on Sunday. The WHO reported a record 183,030 new cases of COVID-19 in a 24-hour period with increases spiking in South America and the US. Gold hit a 1 month high, oil prices steadied, US$ weakened ...
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Friday June 19th, 2020

Geopolitical risk and second wave fears are offsetting the positive signs of economic recovery as investors adopt a risk-off sentiment.  US$ ends the week slightly stronger vs a basket of major currencies as safe haven buying emerged. Sino/US tensions persist as the US President renewed his threat...
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