Posted May 22, 11:57

Indices Heat up, USD Cools on Relations Thaw

Indices Heat up, USD Cools on Relations Thaw Chart
8 hours ago: 

Monday's equity rally was another confirmation that the year's dominant market worry is the trading relationship between China and the US. Improved relations and detente over the past 2 days have led to a rally in risk assets with the Australian dollar being the top performer and the pound trailing. Earlier today, BoE's Carney reiterated that interest rates will rise at a timid pace, while USD broadens selloff. Silver and the ppund are the highest gainers since Tuesday's Asia open. The DOW30 Premium was stopped out at 25050 (High was 25085). Yesterday's trade is +70 pips in the green.

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PREMIUM INSIGHTS Update: May 15, 15:44
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USD, AUD up as US-China Pause Tensions May 21, 2018 10:47: 

USD started the week higher thanks to a relief in the US-China trade tensions and further losses in Italian bonds as the new coalition veers away from the basic budget requirement of the euro project. The odds of a Bank of Canada rate hike tumbled after soft reports Friday on CPI and retail sales. The Swiss franc was the top performer last week while the euro lagged. CFTC positioning data showed that kiwi longs have finally squared up. A new Premium trade has been adde with 3 charts & detailed note, identifying a crucial inverse H&S formation. The monthly chart is found below.

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Bond Breaks Out, CAD Data Next May 18, 2018 10:27: 

The bond market continues to break down as US 30-year yields broke a major resistance level Thursday. Sterling was the top performer after some Brexit related news denials and confirmations, while the yen lagged. Key Canada CPI and retail sales data are due later today.  1 CAD Premium trade remains open.

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