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Prepare for Market Movement

October 16, 2020 - October 31, 2020

The lack of progress on reviving and tighter Covid rules have generally added to the electoral concerns of the United States. The financing of the central bank’s medium-term China added to the financial system to guide the economy by the pandemic.

But it must be the least pleasant shopping environment, even if you are on the right side of the room when they are forced to wade through a flood of Covid titles.

Yet there mashed reason for removing away from your screens much like crude markets before a choppy expected period in terms of overall risk, including Brexit, Covid, US presidential election, and vibrations of fiscal stimulus .

EU Summit today seems unlikely to lead to more willingness to continue negotiations (after release). A press conference will be held after the working dinner, where Brexit will be the crucial issue.

UK PM Johnson noted yesterday in a call to the European Commission, Mr von der Leyen he was “disappointed” the progress to date and would be “Reflect” on other measures after the summit. It seems very likely that both parties will continue to negotiate at least until the end of this month.

My take for what it’s worth, as I was sometimes much more harm than good, since 2016, the last days have been positive, as the United Kingdom appears ready to compromise on state aid, which the most likely case of the EU even done on fisheries.

Rate cut prices in Australia is pulled back to the November meeting after a dovish speech by RBA Governor Lowe. Investors began to push the expectations, but the address has reversed all these movements.

The euro was a blow of it with new cases in Europe Covid rising dramatically in some core countries to record levels in recent days. I’m sure it’s just a matter of time until that will be considered economic data and the market will be looking at more government assistance for support.

USD / CNH is a public exchange offer to 6.7020 in 7220. Swaps went lower than the Bank of China injected more MLF and China inflation data missed expectations popular consensus. The funding has eased to 4 pips per day of 8 pips outdoors. Before / forward are relatively supported the yield rate resumed after the initial reaction.

After getting their hands caught in the cookie jar earlier in the week, I honestly do not feel traders have a large ax to grind before the plenary.

I suspect that the memories of 2013 could be the feeling weight in gold, which was one of the worst years for gold lately and was characterized by a bear steepening of the real yield. At this point, the view of common sense is that a Democratic sweep and ensuing flood recovery stimulate bear steepening, while the impact inflationary push forward premium higher.

But if the Fed goes through anchor rate AIT, it could still gold benefits, but trade is far less simple as buy the dips as gold for flight, it depends on the FOMC honor this commitment ACI While $ 2000 is still there the viewfinder, I’m not sure how it is beyond this level in 2021


October 16, 2020
October 31, 2020
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