Archives of “August 2020” month

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European shares end the session higher

  
Analysis, Global Indices
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German DAX near unchanged in up and down session

The major European stock indices are ending the session flat or higher. The German DAX was the weakest as it closes near flat for the day. Spain’s Ibex is the strongest with a gain of near 1.4%.

The provisional closes are showing:
  • German DAX, unchanged
  • France’s CAC, +0.3%
  • UK’s FTSE 100, +0.3%
  • Spain’s Ibex, +1.4%
  • Italy’s FTSE MIB, +0.5%
In the European debt market, the benchmark 10 year yields are ending the session lower.

This is what gold fever looks like

  
  Analysis
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Hungry for gold news?

Hungry for gold news?  
Last week I made one comment that submitted to one media outlet on gold prices. The take up was telling.
The below was the amount of publications it occurred in and the approximate circulation.
Remember the below came from just one comment.
This is what a mania market looks like.
Gold is buy on the dips and buy on the breakouts. If you could only trade one market this year – this would be it. 

Large options at 1.1800 on the EURUSD (call option bias)

  
Analysis, Forex

Call option tilt

The nearly 3 billion worth of options at the 1.1800 has a call option bias, so watch the level carefully as bulls may try and push away from that level today. Snapshot of the option offering below – there are more on the table but the skew is about 85% call to 15% puts, so the screenshot captures a rough and ready visual representation of the split.
Call option tilt
Price is currently just below the 1.1800 level, so watch the price action around here before the NY cut at 2pm GMT
EURUSD

Weekend news – US imposes sanctions on Hong Kong chief executive Carrie Lam

  
Analysis, Politics

The sanctions have been placed by the US Treasury. On HK head Lam and  10 other top officials in Hong Kong and mainland China.

  • Sanction target those undermining Hong Kong’s autonomy, said Treasury Secretary Mnuchin
  • Treasury accused Lam of “implementing Beijing’s policies of suppression of freedom and democratic processes”
On Friday Trump took action against TikTok and WeChat, US treasury adding to the actions on China over the weekend.
hong kong china trump
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