Morning Call: 'Off to a flying start'
Head of Editorial Content, Saxo Bank
Summary: Today's edition of the Saxo Morning Call sees the team take a look at the rise in Asian markets overnight, with Chinese bourses showing no sign of continued trade war fears, despite last week's negative headlines that weighed on risk sentiment.
FX Breakout Monitor: USDJPY puts on a fireworks show
The standout development on today was a hefty weakening move in the Japanese yen as USDJPY leaped suddenly to new highs for the cycle while the general USD pictured showed little additional momentum. With this move, USDJPY is looking to close at a new 200-day high.
Gold and silver rallies extend further
Gold continues its impressive rally despite emerging headwinds.
FX Update: Fighting this market is futile. USDJPY break higher?
We tried to raise the caution flag yesterday only to see US technology stocks and risk appetite rebound with vigor late yesterday and overnight as the market remains supremely confident that no matter how bad things get, policymakers will pull out all of the stops to maintain liquidity and stimulate.
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