EURUSD 1.2155 |
USDJPY 103.71 |
GBPUSD 1.3730 |
AUDUSD 0.7734 |
USDCAD 1.2722 |
GBPJPY 142.40 |
EURJPY 126.08 |
AUDJPY 80.21 |
CADJPY 81.51 |
Silver 25.33 |
What’s the Yields Signal?
Another jumbled mess of a trading session in an exuberant but divergent stock market and whippy FX but bonds, while bonds attempt to stabilize after Monday's selloff. The dollar is off its lows of the day, but still down across the board. EURUSD is off its highs after the ECB said it's studying the causes behind prolonged USD weakness despite rebounding US growth. Ashraf posted the chart below, highlting similarities in DXY weakness alongside the acceleration in yields and indices. Note how DXY bottomed in mid Q1 2018 (after a brief market selloff), while yields extended their gains into year-end.
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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..
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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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