10-year Italian bond yields fall to 0.50%
but the market is certainly liking the idea of Italian politics having a familiar figure at the helm.
The ECB also has a helping hand in all of this

The dollar is struggling once again in trading today
Things are getting rather dicey for the dollar this week as we now see EUR/USD hit 1.2100 upon rebounding from its 100-day moving average (red line) at the end of last week, with .

Gartman speaks to Bloomberg
During his prime, Gartman was known as the commodities king but now he just offers a couple of thoughts on the market since in 2019.

GBP/USD falls to a session low of 1.3686 as the dollar keeps firmer on the day
After having slipped in Friday trading, the dollar is coming back into favour today as Treasury yields keep higher in the European morning. That is now seeing the greenback push to sesion highs against a couple of major currencies, with

The euro’s shine at the end of last year is starting to look more dull now
The miss on the Sentix investor sentiment earlier may be but one data point but it is starting to reflect weaker conditions overall in the euro area to start the new year. Let’s take a trip back to the euro

Latest data released by Sentix – 8 February 2021
The current situation index fell from -26.5 in January to -27.5 while the expectations index declined from an all-time high of 33.5 in January to 31.5 in the latest reading.

Gold trades above $1,800 but the technical picture is still not convincing of any major rebound just yet
And as we start the new week, price is holding above that but overall price action remains unconvincing as the near-term bias stays more bearish for now.

Oil up nearly 20% year-to-date
Is there a more-overlooked asset than oil this year?
It’s been written-off for dead with investment fleeing the sector but oil inventories will be rapidly drawn down in the months ahead. OPEC+ will face increasingly tough decisions about what to do and the March decision could be the difference between $60 oil

AUD/CHF was the top trade
The Australian dollar led the way last week entirely due to a strong rally on Friday as it climbed 1% against the US dollar.
The commodity currencies struggled to gain traction for most of the week even with equities and commodities climbing. That finally flipped on Friday as they all made decent

Forex news for North American trading on February 5, 2021
It was unemployment day in the US and Canada, and both reports came in weaker than expectations: