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The fire that burnt through the capital markets before the weekend, triggered by the new COVID mutation, burned itself out in the Asian Pacific equity trading earlier today. A semblance of stability,...
Interest rates, ostensibly the fuel behind the dollar's surge, pulled back a little in the US yesterday. However, the greenback's rally continued, lifting it to new highs for the year against...
For the traders out there it’s a huge week, with 24% of the S&P's market cap due to report, the USD pushing through 98 and the highest levels since early March. USD/CNY and USD/JPY are the...
Gilts rocketed unexpectedly to hit 110.16. This represents a 61.8% recovery of the losses from late May to mid June and is therefore strong resistance. However betting against a follow through of...
September Gilt has support at 110.80/75 but a break below here adds pressure for 110.58 then 110.42/41 which could hold the downside. If we continue lower, look for a buying opportunity at...
Gilts hit support at 110.58 to try longs and saw the low for the day exactly here as expected. A low for the week is also expected here but any longs today need stops below 110.50. An unexpected...
The US dollar has slumped to a new three month low against the Japanese yen, pushing convincingly through the 200-day moving average (~JPY101.25) for the first time since last November. It has not...
It's Tuesday and it's already difficult to get excited about a market that continues to languish within tight trading ranges. In largely quiet trading in Europe, the Aussie dollar has been the main...
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