Daily Market Commentary

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Wednesday August 19th, 2020

The US$ Index is holding steady as markets await the release of the FOMC minutes today. The US$ sitting at +2-year lows as the ongoing effects of the Fed’s stimulus programs continues to add pressure to the US$. Falling treasury yields remain a primary driver for the weakening US$, investors will ...
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Tuesday August 18th, 2020

The US$ index extends its sell off testing near 2-year lows vs a basket of major currencies. US$ is facing pressure from escalating Sino/US tensions, the Nov US elections, falling US yields, stalled US relief stimulus talks and a sluggish US economy. Other currencies are capitalizing on the weak US$...
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Monday August 17th, 2020

The US$ continues to edge weaker, oil prices remain steady, while Sino/US trade talks are delayed, and Japanese GDP falls worst on record. Japan, the worlds 3rd largest economy saw Q2 GDP annualized fall -27.8% its worst decline since on records began. In the US, Democrats prepare to officially nom...
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Friday August 14th, 2020

The US Senate breaks without a relief deal, the US$ index extends its losing streak, US vaccine hopes, and Chinese data falls short of expectations. The US Senate went into recess until September 14th, meaning a relief stimulus deal is likely weeks away at best. The US$ index remains under pressure,...
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Thursday August 13th, 2020

The US$ remains under pressure as the US stimulus impasse continues. Congressional Dems are being accused of not willing to negotiate and are being blamed for the 5-day stall in talks over relief legislation. Sino/US tensions continue to remain an ongoing concern ahead of the Aug15th review of the P...
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Wednesday August 12th, 2020

The US$ index is steady, US yields rise, Gold rebounds, Oil strengthens, while equity markets are mixed. The ongoing US stimulus impasse is keeping pressure on the US$, capping the dollars ability to rebound. On Tuesday US yields rose to register their biggest single-day gain in 2-months. Initial ex...
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Tuesday August 11th, 2020

A “risk-on-mood” returns allowing equity & Oil markets to strengthen, while gold & the US$ index weaken at the start of the North American trading session. Chinese auto sales beat expectations and rise for the 4th straight month, highlighting positive signs of China’s economic recover...
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Monday August 10th, 2020

US$ index edges moderately higher as investors focus on escalating Sino/US tensions, US Stimulus updates and surging US Covid-19 cases. China responded to the US in a new round of tit-for-tat sanctions, Beijing said it would apply sanctions against 11 US citizens including several US Senators. US &a...
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Friday August 7th, 2020

Currency markets consolidate gains ahead of Nonfarm payroll and rising Sino/US tensions. A “risk off” sentiment is growing after the US proposes to ban transactions with China’s Wechat & TikTok effective in 45 days. China responded quickly to the ban announcement saying the US would “bea...
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