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Gold at multi-week peaks as dollar slumps after Biden clinches U.S. presidency

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Gold steadies amid concerns over rising virus cases

Australian economic growth recovers strongly in Q3 2020

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

Malaysian economic growth rebounds in Q3 2020 on household consumption, exports

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Gold recovers from previous day slide on stimulus hopes

Swiss franc likely to gradually depreciate against euro in coming months

U.S. Q3 economic growth unrevised in second estimate

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Danish headline inflation eases in October, likely to reach 0.8 pct in 2021

U.S. vehicle sales fall again in November

Philippine central bank cuts key policy rate by 25 bps, likely to further cut rates in 2021

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

FxWirePro: Daily Commodity Tracker - 21st March, 2022

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Chart of the Day: Crowded

Chart courtesy - BofAML

Tuesday, March 21, 2017 7:04 PM UTC

Long-dollar is by far the most crowded trade according to this chart from Bank of America Merril Lynch. The recent selloff in the dollar is probably showing the danger in it.

While going long in the dollar is our long-term idea, in the short run it is likely to get hammered by monetary policy reversals across globe and uncertainties surrounding US politics.

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Chart of the Day: Crowded

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