Markets The Republican hattrick trigged the most pure version of the America First trade. US equities, yields and the dollar all jumped sharply higher, betting on a strong, domestic-driven outperformance of the US economy. The Dow (+3.57%), S&P 500 (+2.53%) and the Nasdaq (2.95%) all touched record highs. The outperformance of the Russel 2000 (domestic-oriented […]
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Daily Pivots: (S1) 191.63; (P) 192.85; (R1) 193.67; More… GBP/JPY’s fall from 199.79 continues today and intraday bias stays on the downside. As noted before, corrective rise from 180.00 could have completed with three waves Read more…
Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. EUR/JPY’s fall from 166.67 continues today and intraday bias stays on the downside. As noted before, corrective rebound from 154.40 could have completed with three waves Read more…
Kiwi rebounded broadly during Asian session, supported by a less dovish-than-expected rate cut from RBNZ. While the 50bps reduction to 4.25% had been widely anticipated, RBNZ’s updated forecasts, which suggest a slower pace of easing Read more…