Month: August 2020

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XAU/USD is holding in longer-term bullish territory, but temporary strength in the greenback has flushed out short term speculative gold positions.  The Jackson Hole has confirmed a lower for longer stance at the Fed, gold to benefit from lower yields.  Gold markets had seen volatile price action leading into the Jackson Hole event with spot prices trading
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Volatility divergence was a tell In the past week, US equities have continued to rally but there were some signs that it was running on fumes. In the FX market, the US dollar stopped going down. A bigger tell may have been that volatility wouldn’t fall. Now, stocks are turning as volatility has shot higher.
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KOLKATA: Domestic gold and silver prices were trading flat this Thursday morning ahead of the Federal Reserve chair Jerome Powell’s speech this evening at the Jackson Hole Economic Symposium. October gold on Multi Commodity Exchange (MCX) opened at Rs 51,601 per 10 gm, touched a high of Rs 51,799 gm and was trading at Rs
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Dollar appears to have finally taken a side, the downside, with Fed chair Jerome Powell’s Jackson Hole speech. In short, Fed is now adopting a “flexible form of average inflation targeting”, to achieve inflation that “averages 2 percent over time”. Therefore, following periods when inflation has been running below 2 percent, appropriate monetary policy will
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Tensions over the validity of a mail-in election are growing. “This is the greatest scam in the history of politics,” President Donald Trump declared in one of his appearances at this week’s Republican National Convention. “They’re going to mail out 80 million ballots. It’s impossible, they have no idea.” The president first mentioned the issue
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Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch shares are soaring after the apparel retailer reported a surprise quarterly profit Thursday morning and impressive online revenue growth of 56% during the coronavirus pandemic.  Its stock was recently trading up
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Japanese messaging company LINE has launched a blockchain development platform called LINE Blockchain Developers for decentralized applications and services. The company has also launched a digital asset wallet named BITMAX that will allow users to centrally manage all the fungible and non-fungible digital assets they obtain from various blockchain services on the LINE Blockchain. LINE’s
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Economists at Rabonank believe Brazil is going to see quarterly gains from the tirhd quarter while see the central bank taking a long pause. All in all, USD/BRl is expected to trade at 5.25 and 4.90 by end-2020 and end-2021 respectively. Key quotes “With better activity and Covid-19 outlooks, we now upgrade our 2020 GDP
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Daily thread to exchange ideas and to share your thoughts Major currencies are keeping more quiet as the focus today is all about Fed chair Powell’s speech later at the Jackson Hole symposium. The trading ranges continue to be rather lackluster and may stay that way in European morning trade today. On the week, the dollar has
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Markets continue to be rather mixed as investors are awaiting Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. S&P 500 and NASDAQ surged strongly overnight to new record highs. But Asian markets are mixed, with weakness seen in Japan, Hong Kong and Singapore. Dollar weakens broadly today but selling is so far not
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