Month: July 2020

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Oil defensive today Last week it looked like crude might break above the range around $40 but it’s been sucked back lower and is in danger of falling back to $40. The drop today is really a macro story with risk trades struggling broadly on fears about slowing consumer demand and virus flare ups in
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The US dollar index is on 2 years lows, but there is lower to come says Standard Chartered NY FOMC policy statement Wednesday “hawkish relative to expectations”, market expected the Fed to provide more forward guidance, more info on QE But that is not enough to stop selling of the dollar: Low US real and
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