There is also a flock of EM CB’s meeting this wk including Chile, Brazil, Indonesia, Russia & Taiwan., A few other things that were noted... AUD & NZD... much closer to resistance with support being miles away... NOK had a pretty decent correction last wk, in fact the G10 worst vs....

The impact of Saudi Arabia’s ill-timed price war back in March continues to be felt in the U.S. where millions of extra barrels of imported oil from the Kingdom has helped send commercial stocks to a record high., Adding to this the risk that some shale oil producers may start to...

Volatility is expected to remain high going into the summer months so investors should tread carefully.Yesterday’s session was an interesting one for many reasons., We have likely hit the ceiling for now and from here on it will be more wobbling as the Q2 earnings releases hit the market in a...

The risk of a second wave building in the U.S. and some other countries, like Israel, combined with the confirmation that a V-shaped recovery was a vain hope served as a trigger to the market sell-off., In California, Florida, Georgia and Texas, the seven-day average rates of new cases is at...

Global markets took a steep tumble yesterday during the US session, with Covid19 second wave fears and an FOMC meeting this week that brought nothing new to the table as possible culprits., Record US crude stocks, a slow recovery in global demand and now the risk of a second Covid-19 wave...

The G3 currencies are all higher versus the G10 smalls and EM FX on a bout of consolidation after the recent breathtaking ramp-up in speculative froth.Risk appetite has so far taken a “sell the fact” approach to last night’s FOMC meeting, which ironically was rather dovish and saw long-end treasuries...

However, some newer ETFs also track derivative products such as VIX index derivatives or futures contracts, and some ETFs even apply leveraging and inverse payoffs of the underlying benchmark., In SaxoTraderGO, you can trade traditional, leveraged and inverse ETFs tracking a diverse range of instruments, including equity indices, equities, commodities and...

The FOMC meeting yesterday was a mixed bag, largely seen as dovish for long term interest rates as the Fed pledged to continue expanding its balance sheet at the currently established pace, but had nothing to say on new policy initiatives like yield-curve-control., US500.I (S&P 500 Index) and USNAS100.I (NASDAQ 100...

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., Macro Dragon: Question of When, Not If...      Top of Mind… So we had the Fed o/n…...

OILUKAUG20 – Brent Crude Oil (August) OILUSJUL20 – WTI Crude Oil (July) XOP:arcx – Oil & Gas Exploration & Production XLE:arcx – Energy Select Sector SPDR Fund (Large-cap US energy stocks) ____________________________________________________________________________________________________ Crude oil’s behavior following the agreement by OPEC+ members to extend the 9.7 million barrels/day production cut until...