EURUSD 1.1032 |
USDJPY 108.76 |
GBPUSD 1.2751 |
AUDUSD 0.6751 |
USDCAD 1.3200 |
GBPJPY 138.69 |
EURJPY 119.99 |
AUDJPY 73.42 |
CADJPY 82.38 |
Silver 17.41 |
Earnings & Deal Talks Take Over
The market caught deal fever last week but hope turned into skepticism early this week. Indices are higher, awaiting the release from the rest of US bank earnings (after JPM beat estimates). GBP is the strongest performer of the day amid recurring remarks from UK & EU officials expressing attempts to reach a deal in the final innings (more below). Beijing said it would buy $50 bn more in US agricultural goods only if Washington removed retaliatory tariffs set since the start of the trade war. A new Premium trade has been issued, backed by 3 charts & 6 key notes. The chart below highlights the emerging support for the GBP's trade weighted index amid Brexit negotiations.
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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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ECB Action Sheds Doubts on Yield Differentials
Can the euro gain despite the latest rate cut. Before we cover the aftermath of Thursday's drama-fillled ECB decision, let's backtrack for a bit.
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