All posts by Paul Harrison

Currency Markets Review – July 14th 2020

US$ edges slightly lower during a mixed trading session which saw North American equity markets strengthen, oil and gold prices remain flat. Quarterly earnings season saw three of the US’s largest banks set aside $28 billion in loan loss provisions and all predicted more economic pain to come from...
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Tuesday July 14th, 2020

US$ buyers reemerge as California and other US states announce new lockdown restrictions in a bid to tackle rising covid-19 cases. Equity and oil markets start the day lower on virus concerns and China posts better than expected trade data. Positive trade data out of China as it posts its first impo...
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Monday July 13th, 2020

Markets start the week mixed with equity & gold markets stronger, oil prices lower and US$ index slightly down verses a basket of major currencies. Investor focus has shifted to the corporate earnings as equity markets near a 5-month peak and the prospect of further rounds of stimulus. Sino/US t...
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Friday July 10th, 2020

The coronavirus resurgence fears continue to impact markets, with Australia ordering new lockdown restrictions in Melbourne and in the US +60,500 new cases were reported on Thursday setting a new daily record. Global cases are approaching 12.5mio with the US (@25%), Brazil, India and Russia combined...
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Thursday July 9th, 2020

US$ consolidates after a volatile Wednesday trading session which saw equity markets drive risk on sentiment. Yesterday Fed Reserve officials raised doubts about the sustainability of the US recovery, as business surveys showed developing risks from the ongoing coronavirus pandemic. The rush to equi...
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Currency Markets Review – July 8th, 2020

A volatile day that saw the Canadian budget forecasted to hits its largest shortfall since WW2, the FED suggesting the US economic recovery is stalling and the NASDAQ hits an all-time high. Mixed market signals saw the US$ index fall vs a basket of major currencies. European equities closed lower wh...
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Wednesday July 8th, 2020

Markets stall as positive economic data is offset by rising COVID-19 cases and ongoing Sino/US tensions over Hong Kong. Global virus cases are approaching 12mio, as 2nd-wave fears mount with rising cases in the US, Australia, India and parts of Europe causing lockdowns to be re-established. The Fede...
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Tuesday July 7th, 2020

Monday’s “Risk-On” market stalls with China calling for “rational” behavior on the equity rally and lockdown restrictions are re-imposed in parts of Australia, US, UK and Spain. Equity and oil markets eased and US$ index rebounded vs a basket of major currencies. Expect the pendulum of Ris...
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Monday July 6th, 2020

Equity, Oil and Currency markets strengthen as investors turn to China to boost global growth, amid growing COVID-19 cases stalling re-opening efforts within the US. Global equity markets “All-Country world index” hit a 4-week high up 0.7%, while Chinese blue chips jumped almost 6% as in...
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