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.
Feb 21, 2020 13:14 | by Ashraf LaidiIn a phase when unwinding of carry trades and risk-repositioning dominate FX markets, beware from excessive divergence from the data.
Feb 19, 2020 11:43 | by Ashraf LaidiCMC Markets' share price performance maintains the lead among major forex brokers since our last update six weeks ago.