Archived IMT (2009.11.11)
Note how oil fails to regain 80.50 (not even talking about the more important 82) despite USD hits 15-month lowscourtesy of the latest onslaught of dovish talk from the Fed. While this may prove a green light for FX traders to want to probe last years record lows in the USD by selling it further, the converse cannot be said for oil. Thus, USD weakness can be a simultaneous RESULT of weak US figures and ensuing Fed dovishness and a CAUSE for rising equities/commodities, but there could come a time when the result (US weakness) may dominate and lead to renewed risk aversion. Today's EIA data will be delayed to Thursday due Veterans Holiday. CADJPY still struggling to retest right shoulder resistance at 86.10-15.
Kushner a Tell?
by Adam Button | Dec 5, 2019 11:11
GBP Breaks out, USD Hurt
by Adam Button | Dec 4, 2019 14:38
Time for the Pre-Santa Selloff
by Adam Button | Dec 3, 2019 12:55
USD Pauses, Key Levels Pre ISM
by Ashraf Laidi | Dec 2, 2019 13:51
Tories in Command, Turn to China
by Adam Button | Nov 28, 2019 12:51