Kyle Rodda
Senior Market Analyst, Capital.com
Ticker
Side
Mentions
Opened
Entry
P&L
Thesis
Theme
Source
Short
May 05
$58.66
+2.3%
Yen will continue to depreciate against the dollar due to fundamental divergence: BOJ remains accommodative while the Fed is hawkish, oil prices and higher US yields strengthen the dollar, and Japanese authorities can only intervene periodically without changing the trend. The 160 level is crucial and further weakness is expected.
Macro
Short
May 05
$414.71
+1.7%
Gold faces short-term downward pressure from a stronger US dollar and rising global yields, which are being lifted by inflation fears and the oil shock. He sees a potential spill towards the low-$3000s, though the long-term de-dollarization theme remains supportive.
Macro
Long
May 05
$27.48
+1.3%
As the narrative shifts back to geopolitical risk and the war, he expects a reassertion of war trades: a pullback in equities (especially cyclicals) and a bounce in the US dollar. The dollar should benefit from risk-off flows and higher relative yields.
Macro
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