Eamonn Sheridan

Latest Articles

Sort by: Latest | Oldest
Sort by: Latest | Oldest
Commodities
Gold update chart 20 February 2026
Commodities

Goldman: Gold to grind higher to $5,400/oz by end-2026 on strong demand

  • A $5,400/oz end-2026 target reinforces the structural-bid narrative for gold and can support dips being bought, particularly if markets lean toward further Fed cuts. Goldman’s upside-risk framing via call structures also hints at potential “convex” rallies during risk shocks.
Central Banks
aud nzd charts 20 February 2026
Central Banks

NZD, AUD fall as RBNZ says inflation returning to target, no preset path

  • The remarks lean mildly NZD-negative by tempering expectations of imminent tightening. AUD weakness appears largely spillover-driven, with Australia’s rate outlook still skewed toward further hikes rather than cuts.
Stock market update
blue owl 20 February 2026
Stock market update

El-Erian flags private credit ‘canary in the coal mine’ as fund freezes redemptions

  • Blue Owl halted withdrawals on its $1.6bn private-debt fund and sold $1.4bn of loans at 99.7% of par, planning a 30% NAV return in Q1. Shares fell ~10%. El-Erian asked if it’s a “canary-in-the-coalmine” for private credit.
Forex
USD index DXY chart update 20 February 2026
Forex

USD gains on strong US data unlikely to last; policy uncertainty, political risks to cap

  • MUFG note modestly dollar-negative at the margin, suggesting rallies driven by data surprises may fade. FX markets could remain sensitive to political headlines and any renewed debate around Fed independence.
Stock market update
supreme court tariffs S&P 500 20 February 2026
Stock market update

Supreme Court tariff ruling nears; JPM maps S&P 500 swings across four scenarios

  • This is a classic headline-volatility event: a “struck down” read could spark an initial risk-on pop, but follow-through may depend on how quickly replacement tariffs are signalled. Small caps screen as relative winners in the most durable “strike down” branches, while an “upheld” outcome is the cleanest near-term risk-off path.
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}