Daily Market Commentary

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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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Thursday August 6th, 2020

US$ gains as risk appetite wanes ahead of the US jobless data, Senate updates on stimulus and the Bank of England’s cautious tone. The Reps/Dems continue to remain divided on the next round of US stimulus relief, which has caused the US President to threaten to use an executive order to extend the...
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Wednesday August 5th, 2020

The US$ remains under selling pressure amid ongoing fiscal stimulus talks, geopolitical tensions and signs of a weakening economy. The Dems/Reps have reported progress in their stimulus talks, but suggest an agreement isn’t likely this week. The US President said a “Big Number” is coming in Fr...
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Currency Markets Review – August 4th, 2020

Commodity and equity markets edge slightly higher on US stimulus hopes and encouraging declines in covid cases across the US. Top senate democrats have reported some progress made on the coronavirus aid bill, but the Dems & Reps still remain apart on multiple issues. The US had its second day of...
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Tuesday August 4th, 2020

Political Wrangling over the US fiscal relief package, the expiration of the Federal unemployment benefits program and the ongoing coronavirus concerns continue to weigh on the US$. Monday’s US ISM Manufacturing Purchasing Managers’ Index beat expectations in July, but the employment component r...
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Monday August 3rd, 2020

US$ is attempting to rebound after it suffered its worst performing month in a decade in July. Driving the US$ strength is investor uncertainty over the lack of progress for the US fiscal stimulus and the end of the Covid-unemployment benefits. Coronavirus surpassed another milestone with +18mio vir...
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