Monthly Archives: December 2020

Thursday December 31st, 2020

The US$ index ends 2020 down 7% as markets increase risk-on sentiment and diversify away from safe haven US$. The US Senate Majority leader McConnell rules out a quick vote on the House Bill for US$2k covid-19 relief checks. The US Senate is also expected to veto the defense bill in a motion set for...
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Wednesday December 30th, 2020

The US$ hits 2 ½ year lows as markets ignore tier 2 US stimulus wrangling and China/EU set to sign a significant investment deal. The Senate Majority Leader McConnel blocks the Dems and US President’s attempts to rollout US$ 2k stimulus checks and the likelihood of a compromise ahead of the new y...
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Tuesday December 29th, 2020

Risk on sentiment rally continues after the US House passes a new $2k paycheck stimulus with 2/3rd majority and turns down the Presidential defense bill veto. Equity, currency and oil markets extend their gains and Japan’s Nikkei hitting 30-year highs driven by fresh US Stimulus hopes. CNY an...
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Thursday December 24th, 2020

Brexit optimism helps spur risk on sentiment in thin holiday trading markets. A Brexit agreement appears imminent as negotiators iron out final details, the UK PM is expected to give a press conference today. In the US the President’s veto of the Military bill, his criticism of the Stimulus bill s...
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Wednesday December 23rd, 2020

Risk-on sentiment returns despite the US President’s threat not to sign the US stimulus bill.  The US President rattled markets by demanding changes to the stimulus bill by asking for increased payments to individuals and removing of “wasteful & unnecessary items”. The president didn...
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Tuesday December 22nd, 2020

Risk-on sentiment continues to ease amid the spread of the virus mutation. Virus concerns saw markets consolidate into the holidays, exiting riskier investments, benefiting safe haven US$. Overall markets are calmer after the US Congress passed the US$900 bln relief stimulus bill. GBP & EUR re...
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Monday December 21st, 2020

Global equity, oil and currencies markets weaken amid fresh virus fears, and despite a US fiscal stimulus agreement. The US$ index rebounded almost 1% as markets revert to safe haven US$ buying as UK boarders close after the announcement of a new strain of the covid virus. On a positive note, the US...
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Friday December 18th, 2020

The US$ consolidates on the last Friday of trading in 2020. US bounces off its lows as hopes of a US stimulus announcement today fades with US lawmakers expected to continue discussions into the weekend. Alongside the US stimulus lawmakers are focused on avoiding a government shutdown, markets remai...
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Thursday December 17th, 2020

The US$ remains under pressure as risk-on sentiment continues as US stimulus optimism grows. The Fed chair says the case for more pandemic aid is very strong, McConnell made the case Wednesday to Rep’s for a stimulus deal and Biden calls it a down-payment ahead of more spending in 2021. Top Reps a...
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Wednesday December 16th, 2020

The US$ remains under pressure as risk on sentiment continues from US stimulus hopes and vaccine rollouts. US Congressional leaders reported substantial progress on Tuesday after several meetings between top Dems & Reps to end the current impasse on covid relief stimulus and finalize a funding b...
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