Two Fifteen

Two Fifteen – 13 August 2020

Two steps forward, one step back certainly the feeling of the day. Volumes are proving pretty diabolical across the board, as the Value rotation splutters. Indices in Europe are all trading lower, but to be honest it feels more like a pause for breath than anything else. The dollar has resumed its weakness, while investors, in the absence of much else to do, have added to the long gold trade.

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