Monthly Archives: June 2020

Thursday June 18th, 2020

The market sentiment remains somewhat pessimistic as rising coronavirus concerns are outweighing the economic recovery optimism. China and the US are both experiencing a rise in covid-19, with analysts projecting that the US death toll could rise to 200,000 by October. US/Sino tensions remain high a...
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Wednesday June 17th, 2020

Tuesday’s positive US retail sales data was quickly offset by the US Fed Chairman’s somber view of the US economy. Adding to the investor concerns is the rising Covid-19 cases within the US & China and clashes between China & India in the western Himalayas. Global currency markets respon...
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Tuesday June 16th, 2020

Monday’s stimulus driven rally had a positive knock-on effect to global equity and currency markets. The US Fed announced yesterday that it would start a corporate bond buying scheme, and coupled with a proposed US$1 trillion infrastructure plan boosted investor confidence and rallied global m...
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Monday June 15th, 2020

Oil and Equity markets fall, and currency markets are mixed with fears of a coronavirus second wave prompting a “risk off” sentiment. Global coronavirus cases surpassed 8mio with related deaths increasing over 435k. A second wave of infections in Beijing is prompting authorities to reinstates co...
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Friday June 12th, 2020

A calm has somewhat returned to the market’s after yesterday’s “risk off” routing of the equity and currencies markets amid fears of a second covid-19 wave in the US and pessimism from the Fed’s statement. Equity and currency markets have rebounded from their overnight lows and are cautiou...
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Thursday June 11th, 2020

The US Federal Reserve’s projected that the US economy would shrink 6.5% and unemployment was set to reach 9.3% at the end of 2020 sending a sobering message to the markets. Equity and oil markets weakened in response to the Fed’s comments, with MSCI world stocks index seeing its biggest fal...
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Wednesday June 10th, 2020

The US$ remains under some pressure as markets await the US Federal Reserve’s first economic projections since the coronavirus pandemic impacted global economies. The FED is expected to have an upbeat tone, keep rates on holds and will likely address the rising US treasury yields. The statement is...
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Tuesday June 9th, 2020

Equity, oil and currency markets pause ahead of the Federal Reserve meeting on tomorrow. The US$ index strengthened slightly vs a basket of major currencies as markets consolidate as concerns about the FED’s response on stimulus and rallying equity markets. Euro weakened on disappointing Germa...
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Monday June 8th, 2020

Equity and currencies markets remain firm after Fridays surprisingly positive US Nonfarm payroll data and the US unemployment rate falling to 13.3%. Fiscal Stimulus talks on Capitol Hill continue with the Democrats and Republicans debating between 1 – 3 trillion of proposed new stimulus. As gl...
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Friday June 5th, 2020

The ECB’s larger than expected stimulus announcement yesterday and the anticipation that the US will introduce a further US$1 trillion in new stimulus is driving a growing “risk-on” sentiment. The US$ index fell 1.6% this week with a potential to test 94.895 (March 9th lows) as the next vs a ...
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