S&P 500 Index Sets Record High

Market picture The cryptocurrency market has survived the peak of fear, finding the strength to consolidate during European trading and begin a recovery during active hours in the Americas. As a result, the crypto market capitalisation is up 11.3% in 24 hours to $1.98 trillion. That’s still -17% in seven days. Bitcoin was trading at […]

Today’s economic developments and market movements. Key themes: Higher yields and a firmer US dollar resumed on Friday ahead of a slew of key economic data this week and as the US election heads into its final full week of campaigning. Inflation, labour market and GDP data in the US and Europe will take centre stage, […]

Trump Trade of a stronger US dollar and rapidly rising longer-term US Treasury yields have triggered a negative feedback loop into Gold (XAU/USD) The longer-term positive aspect of Gold as a hedge and safe haven asset play to counter a potential wider US federal budget deficit will now take a backseat. Watch the US$2,484/US$415 support […]