Australia 200

AUDUSD resilience reviewed

April 2, 2020 12:50 PM
As I expect most traders do when they switch on the screens each morning and particularly in the current climate, I look first for relevant overnight news and how U.S. equity markets have performed, before turning my attention to FX and commodity markets. After noting the S&P 500 had fallen near -4.50% overnight, following another big jump in COVI...

ASX200 hammered after US stimulus delayed

March 23, 2020 12:05 PM
In our note on Friday, we asked whether the relative calm viewed on Wall Street on Thursday night was the beginning of a display of resilience for global equity markets or the calm before the next storm. One of the dark clouds highlighted was a delay by U.S. Congress to approve a now $2tn fiscal stimulus package to counter the impact of Covid-19. ...

Why is everything being sold?

March 13, 2020 12:10 PM
On the eve of Friday the 13th, U.S. equity indices suffered their largest one day fall since the 1987 stock market crash. Globally, key equity markets have exceeded most downside expectations stemming from Covid-19 and are now approximately -30% below their highs from just four weeks ago.