EURUSD 1.1079 |
USDJPY 106.37 |
GBPUSD 1.2122 |
AUDUSD 0.6774 |
USDCAD 1.3331 |
GBPJPY 128.97 |
EURJPY 117.87 |
AUDJPY 72.06 |
CADJPY 79.78 |
Silver 17.09 |
Risk on as Germany Hints at Turning Taps
Germany is under increasing pressure to abandon a balanced budget but the hints so far only indicate a willingness to act after a recession is assured. By then it will be too late. What about the solution of talking down the euro? See more below. CFTC positioning data showed a shift into the yen (see chart below), with the highest net speculative net longs vs USD since autumn 2016 when USDJPY fell below 102. A new Premium trade has been issued today ahead of this week's highlights-- Wednesday's release of the FOMC minutes from the Fed meeting (7pm London) and Friday's Powell speech at Jackson Hole (3 pm London with the possibility text released 90 mins earlier). More detail on these in this week's Premium video coming up tonight.
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DAX Metamorphosis
The Daily DAX30 chart below may appear confusing at first, but it's worth taking some time to find the “clarity”.
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21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities
Interactive charting by instrument, chronological and alphabetical order. This enables organizing each individual commodity, currency or equity index' performance by magnitude or chronological order.
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After Theresa May
Now that PM Theresa May has announced stepping down from the Conservative Party leadership as of June 7, the ongoing political chaos will shift temporarily from striking a deal on the Withdrawal...
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