The US Dollar surged higher this week...after “backing off” the last 3 weeks. All of the major Eurozone currencies plus CAD, AUD and NZD tumbled with AUD and NZD now near multi-year lows. The GBP was especially hard hit as it looks like Boris (hard exit) Johnson will become the new PM.
Latest Blog Posts
US interest rates have dropped like a stone since last November...with the rate of decline dramatically accelerating the last 4 weeks.
Stocks, crude and bond yields fell in May...the USD inched higher. The S+P 500 hit a 2 ½ month low this week...down ~7% from All Time Highs reached May 1st...giving back ~1/3rd of the rally from the December lows...but still up ~10% YTD. Bullish sentiment was near 90% (greed) at the May highs and is now ~22% (fear) but we haven’t seen any panic selling this month.
Polar Futures Group
Polar Futures Group is the team of Victor Adair and Drew Zimmerman who have worked together for over 5 years. Together they offer over 50 years of experience trading in financial markets. They specialize in trading currencies, interest rates, precious metals, base metals, financial indices, energies and agricultural exchange listed futures and options contracts .