Global markets, with the notable exception of China on its anti-monopoly push, largely remained on the rally track yesterday before easing back lower overnight. Even US mega-caps bounced back after their sell-off earlier this week. Elsewhere, the USD and JPY edged back higher, while the Chinese currency is back close...
Australia: Frosty China Ties
As the US and China go head to head in the battle for hegemony, Australia has been caught in the middle of the two superpowers. With the mounting US/China tensions comes an increasingly difficult trajectory for Australia to navigate.Australia caught between superpowers is bearing the brunt of escalating tensions with...
Macro Dragon: Treason for Trump?
Macro Dragon = Cross-Asset Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...
Chinese technology stocks plunge on potential monopoly regulation
China's largest technology stocks were lower today as China is considering new antitrust regulation that could severely constrain how many big Chinese technology companies operate. China is realizing that technology monopolies are not a blessing but a threat to competition and in some areas even the state itself. Shares in...
FX Update: USD bears face short-term hurdles, NZD jumps on RBNZ.
The traditional safe haven currencies remain weak, but the US dollar weakening move has gone sideways as sharply higher US yields and political uncertainty holding back any thoughts of near term stimulus are a tough hurdle at the moment for USD bears to overcome. Overnight, the NZD jumped on the...
WASDE shocker boosts corn and soybeans
The grains sector, measured by the Bloomberg Grains Index, has reached a fresh 17-month high thereby continuing the strong rally that started back in August. The latest jolt higher was provided by the U.S. Department of Agriculture after it said that U.S. corn and soybean stockpiles at the end of...
EURUSD forming head and shoulder, more downside !
EURUSD forming head and shoulder, more downside ! Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURUSD forming head and shoulder, more downside !
EURUSD forming head and shoulder, more downside ! Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Breakout Identified in EURJPY
Signal ID: 73955 Time Issued: Wednesday, 11 November 2020 07:06:15 GMT Status: open Entry: 124.438 - 124.742 Limit: 125.304 Stop Loss: 124.101 The Breakout Opportunities system has just bought EURJPY at 124.554. The system recommends entering this trade at any price between 124.438 and 124.742. The signal was issued because...
Podcast: Quantquake 3.0, Trump non-concession risk, China moves against monopolies
Today we look at the ongoing complex reaction to the possibility that an effective Covid-19 vaccine may roll out in the coming year, the markets violent internal adjustments to that possibility and other interesting stories, especially when and whether Trump will ever concede and when the market starts to fret...