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16/05/2025

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04/09/2022

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14/01/2021

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13/01/2021

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05/11/2020

US traders - take advantage of market volatility : https://bit.ly/3oRK1Vz

05/11/2020

News-
The dollar slipped to its weakest level in more than two years against the yuan and ground lower against other Asian currencies as Democrat Joe Biden edged ever so closer to the White House in a nail-biting U.S. presidential election.

Financial markets, however, were braced for days or even weeks of uncertainty as Republican incumbent President Donald Trump has opened a multi-pronged attack on vote counts in several states by pursuing lawsuits and a recount.

That could hamper the dollar in the short run, traders say.

Elsewhere, sterling fell against the dollar and the euro after a media report that the Bank of England, which announces a policy decision later on Thursday, is considering negative interest rates.

The Federal Reserve, which is expected to keep policy on hold on Thursday, is also in focus as traders navigate market volatility in the wake of a knife-edge U.S. election that has pushed up the yuan and the Mexican peso.

Biden has claimed the pivotal Midwestern states of Wisconsin and Michigan. Late reporting showed the former vice president with a lead in Nevada and Arizona, while Trump held a lead in Georgia.

Expectations that a Biden win will take a slightly softer tone on trade policy is likely to weaken the dollar against the currencies of countries that often faced the threat of tariffs during Trump's administration, analysts said.

"The moves in the yuan and the peso show that the market is trying to price in a Biden victory," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities in Tokyo.

"For slightly different reasons, we could also see the euro gain against the dollar."

The onshore yuan briefly rose to over a two-year high of 6.6381 per dollar, extending its recent gains as China's currency has become a popular trade to bet on a Biden victory.

Emerging market currencies such as the Malaysian ringgit and the Indonesian rupiah also rose against the greenback....

05/11/2020

Bye Bye Trump

29/04/2020

Time to revisit the daily chart for oil, and as I forecasted last week, the recovery off the plunge lower looked weak, and we could expect a reversal. That has proved to be with the WTI contract once again moving towards single figures per barrel as the combination of weak demand and a lack of agreement on supply continues to weigh heavily.

And it was the volume that gave a clear signal of what to expect next with a rising price and falling volume with oil prices duly reversing on Monday with further losses today.
Also, note the weakness of the price action in the rally, which also confirmed the fragile nature of the recovery. So expect further weakness and consolidation in this area, until a political or economic catalyst appears.

28/04/2020

Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased before corona issues & the years that have gone by . Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.

02/04/2020

Initial Jobless Claim in USA (Today 14:30)
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.
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