Global Markets: Asian Stock Markets : Nikkei up 0.30%, Shanghai Composite up 1.50%, Hang Seng up 0.74%, ASX up 0.40% Commodities : Gold at $1287.35 (-0.31%), Silver at $14.90 (-0.49%), Brent Oil at $71.06 (-0.17%), WTI Oil at $63.38 (-0.03%) Rates : US 10-year yield at 2.549, UK 10-year yield at 1.222, Germany 10-year yield … Continue reading Tuesday 16th April: Asian markets higher; trade talks continue to dictate markets
Category: Featured
Monday 15th April: Weekly technical outlook and review.
Trading within the parapets of demand at 1.1119-1.1295, the single currency, in the shape of a near-full-bodied bullish candle, wrapped up the week on strong footing.
Friday 12th April: Dollar boosted on upbeat data – next stop 97.72 weekly resistance?
The US dollar advanced across the board Thursday amid hotter-than-expected macroeconomic data, consequently reclaiming 97.00+ status on the US dollar index.
Thursday 11th April: Dollar reclaims 97.00 to the downside as Fed minutes signals no hikes for 2019.
EUR/USD: Traders certainly had plenty to chew on Wednesday. Although the FOMC minutes were in high anticipation, no real surprises emerged with the main takeaway being the majority seeing rates on hold through 2019. The dollar subsequently picked up some lost ground into the event, though was nothing to get excited about. In its place, … Continue reading Thursday 11th April: Dollar reclaims 97.00 to the downside as Fed minutes signals no hikes for 2019.
Wednesday 10th April: Lively day ahead – ECB and the FOMC take centre stage.
Global growth and trade fears returned to the forefront of the market Tuesday, with US President Trump threatening tariffs on European products. Demand for the safe-haven Japanese yen increased as a result.