Sterling gains fade The New Zealand dollar is the top performer this week while the US dollar was the laggard. Even today with USD staging a bit of a comeback, it’s not sticking as the kiwi pushes back into positive territory. The break above the October highs is constructive for a retest of 0.6800 in
Forex news for Asia trading for Thursday, 22 October 2020 The USD advanced to start the new trading day and is ending as the strongest of the major currencies (see ranking below). The catalyst was increased uncertainty about a coronavirus deal being passed, although there is still hope. There is also some concern about Russian and Iranian interference
Lessons from Jon Boorman, who died today The wife of Jon Boorman, the President and CEO of Broadsword Capital, revealed that he died today after a battle with brain cancer. Awhile back, he wrote a post about the things he learned in 30 years in financial markets. It’s a great read. Lots of it you
Comments from the Fed Governor (and rumored Treasure Sec candidate) Premature withdrawal of fiscal aid risks entrenching recessionary dynamics US recovery highly uneven, highly uncertain Q3 GDP has likely recovered more than half of its H1 decline Financing conditions favorable for large businesses, tight for small businesses Labor market improvement rapid but uneven, easiest gains
Forex news for North American trade on October 16, 2020: Markets: Gold down $9 to $1899 US 10-year yields up 1.3 bps to 0.745% S&P 500 flat at 3483 WTI crude oil down 18-cents to $40.78 CAD leads, AUD lags There were some big headlines on Brexit and US retail sales today but the market
ECB governing council member, Olli Rehn, remarks in a Reuters interview The new economic realities guiding the Fed also applies to Europe From an economic and social welfare view, it makes sense to accept a certain period of inflation overshooting while taking into account history of undershooting It is worth exploring the merits of average