EURUSD 1.0896 |
USDJPY 107.69 |
GBPUSD 1.2176 |
AUDUSD 0.6536 |
USDCAD 1.3986 |
GBPJPY 131.13 |
EURJPY 117.34 |
AUDJPY 70.40 |
CADJPY 76.99 |
Silver 17.02 |
Three Big Questions
FX and indices remain reluctant to break out of recent ranges as the euro, loonie, gold and the major indices were drawn back lower in Friday Asia & EU before stabilizing in the US session. We await some catalyst to break the recent ranges or reinforce them. As market volumes wind down ahead of the long weekend holiday in the US and UK, it's a good moment to outline the three major themes that will shape the future. And here is a chart from Ashraf illustrating the near perfect symmetry in stock market volatility achived by authorities.
Click To Enlarge
1) US-China relations
On Thursday US Senators announced a bill that would sanction China over Hong Kong and that was quickly met by Beijing promising counter-measures. The news hurt broad sentiment and pulled the euro back below 1.10.
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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