Weekly Update 9 Feb 2018
It was a major "risk off" week, with stocks, most commodities, and cryptocurrencies selling off, while JPY, USD and CNY cash and short term bonds moved higher. After weeks of heavy losses, Bitcoin and Ethereum seem to be stabilizing, as the selling shifts to stocks (especially gold stocks) and commodities (especially crude oil and palladium).
The largest gains were in the Japanese Yen (up 2.9%) and coffee (up 2.5%), while the largest losses were in crude oil (down 8.4%) and palladium (off 6.2%). Gold stocks lost 6.0%, and the Nikkei fell 5.5%.
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