Market Quick Take - August 10, 2020
Equity futures are starting higher with especially European equity futures bid extending on the gains in Asia. The USD is weaker against the EUR and JPY while continuing to strengthen against various EM currencies with most notably the BRL, TRY and CPL. Gold is licking its wounds from Friday but is stabilising together with US real yields. Brent crude is also starting the week a bit firmer on Saudi Arabia's oil outlook.
What have Saxo’s best-performing clients in 2020 traded?
Throughout the first five months of 2020, the financial markets offered extraordinary trading opportunities, as huge volatility swings gave traders the chance to capitalise on both falling and rising markets. In this article, we look at which asset classes our 100 best-performing clients from each key region traded - and a clear trend emerges.
Market Quick Take - August 7, 2020
Equity futures pulled back sharply late yesterday after aggressive new highs in the US trading session after US President Trump banned TikTok and WeChat for use by individuals or companies in the US, to go in effect in September. In Asia, mainland Chinese chairs suffered a weak session, led by WeChat owner Tencent, while risk aversion elsewhere was modest.