Markets find support as initial panic subsides. Most countries have plans of actions, central banks have committed to easing and virus testing is ramping up. Expectations that number of cases will continue to rise baked in. Potential for further declines in equities exist and bond spreads remain high, especially if second wave of contagion occurs … Read more
Pound rises in anticipation of a Conservative majority forming on December 12th. Dollar had been down recently due to renewed trade war concerns, but rebounded on Friday labor numbers. Price of gold looks to test 137 levels again. Short-term Treasuries dip while Gilts see gains. We continue to see divergence on the longer term yields … Read more
GBPUSD pops on UK election news, but uncertainty still hangs over whether the election will create a path of action. Gold prices have been ranging for about a month now. US short term rates drop on another FED rate cut while 6 mo Gilts try unsuccessfully to breach the 0.74 levels. On the longer end … Read more
Pound takes off on positive news surrounding a possible Brexit deal. Dollar reverses course as well as the 99 level proves to be a supply zone again. 6 mo Treasuries flag but most other gov’t yields improve. US inflation expectations seem to pick up over the week while UK inflation expectations continue to fall. FTSE … Read more
GBPUSD finds weakness on the week as Dollar jumps and Pound dips. Weakness in short and long term rates, with the exception being 6mo Gilts which stay flat more or less. US equities down on political turmoil but FTSE posts gains. Some large swings in DXY COT report as speculators ditch short positions.
After Boris Johnson’s failed gambit, the passing of a No Crash Out bill has sent pound on tear. The dollar is ranging under uncertainty as geopolitical events continue keeping markets on edge. The result is a significant gain in the GBPUSD in the last couple of weeks. Both US and UK short term treasuries have … Read more