2020 FX & Commodities YTD Performance
What a miserable year for the US dollar. As goes the December as went the year in FX, while silver & soybeans topped commodities, as oil & coffee ranked bottom in the % Change YTD league. The final weeks of the year have shown a clear outperformance of iron ore and silver, followed closely by a sharp ascent in energy---- all typical signs of expectations for a global recovery & further USD damage. Will these markets be right? Will Copper "Mr PhD in Economics" be finally at fault? Will the Medical-Quanttv-Easing of the vaccine swell indices to new heights? Most importantly, will this be accompanied by a boost in nominal yields as well as REAL yields? If inflation does fails to keep up with rising yields, gold and silver may sustain fresh downside. Take a look at this yields chart and stay tuned.
Jun 22, 2023 16:46 | by Ashraf LaidiI mentioned last week on here on how and why both gold and USD are falling together. Since then, the trend accelerated alongside another detail.
Mar 17, 2023 21:28 | by Ashraf Laidi.
Jan 11, 2023 10:57 | by Ashraf LaidiIf the DAX40 maintains its habit of extending 13% above its 200 DMA, then current upside may extend to as high as 15300, just below the 76% retracement of the decline from the Jan 2022 high to...