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Will Hong Kong abandon the peg against the USD?

Will Hong Kong abandon the peg against the USD? The financial hub of Asia, which connects the East to the West has been in the middle of pissing contest between the United States and China, not to mention their domestic...

Is there upside for the EUR/USD?

The European Commission wants to borrow €750B to help European Nations less capitalized, pushing the EUR/USD higher. This is on the back Germany and France’s proposal for a €500B fund intended to be given as grants to poorer nations such...

Risk on prevails pushing stocks higher

It is a firing start to the trading week as significant indices are in the green as risk on prevails. The SP500 reached a gain of 3%, breaching that psychological 3,000 mark. Although bears took some control near the end...

Week ahead: GDP and Inflation

It is a busy week ahead for the markets as the Coronavirus is still front and center. With Oil up 75% in the past month alongside the further escalation of tensions between the United States and China, traders and investors...

Gold down as risk on prevails

Gold reached an all-time high earlier this week as it cleared the $1,750 level. It was able to reach bids at $1,765 before the US trading station started for the week. However, this rally was not sustainable as Risk on...

How consensus driven has the market been lately?

I get up every morning and go to work, as everyone else does. I mostly write about financial news. Therefore, a habit of mine in the morning is to look at all the news outlets to see what has been...

Commodity currencies strengthen as demand for oil and metals increase

Commodity currencies are set to advance as manufacturing and oil usage rise across the world. The Australian dollar and the Canadian dollar have been stuck within their respective consolidation zone, strengthening over the past couple of days. The correlation between...

Risk on: Oil and Stocks up

Its risk on to the start of the US trading week as promising vaccine results amongst a resurrection in Chinese oil demand send equities and oil soaring. The SP500 is up near 3% on the back of Moderna, stating that...

This week: Jerome Powell Testimony, Inflation rates

Markets brace for the week ahead as the Coronavirus continues to disrupt the world order. As a result, the death toll has topped 300,000 worldwide, markets have shown a tentative appetite towards risk-on assets. Oil is up 7.45% the past...
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