Daily Market Commentary

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Friday March 20th, 2020

Global equity and commodity markets rebounded after waves fiscal and monetary stimulus has begun to give confidence back to investors. Central banks remain active with both BoE and Norways central bank cut interest rates overnight. The US$ after its biggest weekly gain since the 08 financial crisis ...
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Thursday March 19, 2020

Global equity and commodity markets continue to weaken as global recession fears related to the coronavirus cause investors to flock to the US$ safe-haven. US$ extended its gains seeing the US$ index rises 2% vs major currencies and setting the US$ up for its largest “winning streak” si...
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Wednesday March 18th, 2020

The US presses for US$ 1 trillion stimulus package as global Coronavirus cases increases to +200k and US deaths cross +100. Global equity and commodity markets remain under pressure and investors flock to US$. Global central banks continue their efforts to keep money markets operational. The FED ann...
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Tuesday March 17th, 2020

The fear that the global Coronavirus recession has started is causing investors to flock to the US$, which has become the dominant safe-haven of choice. President trump and other world leaders have started to warn that their countries could be heading for recession. Virus cases will likely surpass ...
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Monday March 16th, 2020

The US Fed surprised the markets this morning by cutting interest rates by 1% and announced $700 bln of new bond-buying program. The unscheduled move is targeted to help shore up the US economy amid the rapidly escalating coronavirus pandemic. China released its Jan-Feb industrial output which shra...
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Friday March 13th, 2020

Markets remain volatile as investors calculate the economic impact from the increasing closures caused by the coronavirus. Equity markets after entering into ‘bear’ market territory this week, appear to have calmed slightly this morning. Currency markets remain volatile with the US$ retu...
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Thursday March 12th, 2020

Yet another volatile day for the foreign exchange markets as the WHO declares the virus a pandemic. The US President announced a travel ban on flights to Europe, the NBA halted games and US stimulus measures fell short of market expectations. Global equity markets remain under pressure, with the DOW...
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Wednesday March 11th, 2020

Global economic growth concerns continue to dominate the markets, but some positive signs are being seen as policy makers start to take action. BoE is the latest central bank to cut rates, announced lending support and the UK budget is expected to provide additional stimulus. The US$ remains under p...
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Tuesday March 10th, 2020

  A cautious level of calm has returned to the markets with US stimulus hopes and positive signals on the coronavirus. The US$ rebounded ahead of today’s news conference where the U.S. President is expected to announce economic measure to respond to the coronavirus. Chinese President Xi J...
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Monday March 9th, 2020

Fears of an outright recession is gripping global markets as the coronavirus continues spreading, creating extraordinary volatility across the markets. Coronavirus cases increased to +110K globally, of which 10k cases are now reported in Europe. Oil prices fell over 30% in their biggest daily fall ...
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