Oil jumps, gold showing swings
Oil prices explode higher as US production falls Data released by the US EIA overnight said that US oil production…
US dollar on defensive after Powell
Currency markets get back to recovery rotation Evidence continues to pile up that the US dollar short squeeze in the…
Asia follows Wall Street with strong gains
Retail armies pile back into Asian equities Wall Street abruptly reversed its early selloffs overnight on uber-dovish Powell comments, with…
Powell puts recovery trade back on track
The inflationary wobbles in global stock markets were partially put to rest overnight, as the Federal Reserve Chairman, Jerome Powell,…
Oil dips, gold under pressure
Oil edges lower overnight After the mighty rally of the day before, it was no surprise that some profit-taking appeared…
Dollar loses steam on Powell dovishness
US dollar rally stopped in its tracks The US dollar was catching a higher yield tailwind overnight, with the dollar…
Asia equities mixed after Powell
Asian equity optimism quickly dissipates Wall Street was saved by a very dovish Jerome Powell overnight, whose testimony managed to…
Powell soothes nerves
Central banks send dovish message to markets Fed Chairman Jerome Powell stayed on message overnight, acknowledging the improvements seen in…
Oil jumps, gold shows strong gains
Oil rallies impressively Oil powered higher overnight, as global recovery hopes and the slower than hoped return of production and…
The US dollar continues to fade
Cyclical rotation pushes dollar down The US dollar found no solace in higher longer-end bond yields overnight, likely because the…