Archive for: May, 2020

Weekly Market Update

Post date: 26/05/2020 08:36 The general rebound in the key PMI indices of business activity, from catastrophic to still very low levels, and the continued easing of lockdown measures, reassured markets and lifted risk assets worldwide led by equities. Currencies were no exception, and the dollar sold off against every major peer except the usual…

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Weekly Market Update

Post date: 18/05/2020 08:34 The dollar and the Euro both rallied together against most other major currencies last week. The only significant exceptions were a smattering of emerging market currencies, particularly the Turkish Lira which put in what looks like a dead cat bounce after selling off relentlessly for weeks. The week’s biggest losers were…

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Weekly Market Update

Post date: 11/05/2020 10:28 The key report of the week, the US payroll numbers for the month of April, made a slightly less grim reading than had been expected, but were still disastrous. Markets chose to focus on the silver lining, and risk assets rallied both into the number and the hours following. Currency performance…

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Weekly Market Update

Post date: 04/05/2020 09:03 World currencies rallied against the dollar last week as a number of hard hit markets showed signs of stabilization, particularly oil. Investors were in a buoyant mood until Friday, when Trump’s lashing out against China combined with thin holiday markets in most of the world to send world equities lower. World…

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