Friday 21st June: Geopolitical tensions and weak Japanese markets put investors on a backfoot

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Global Markets: Asian Stock Markets : Nikkei down 1.02%, Shanghai Composite up 0.13%, Hang Seng down 0.50%, ASX down 0.55% Commodities : Gold at $1398.55 (+0.12%), Silver at $15.35 (-0.90%), Brent Oil at $64.16 (-0.45%), WTI Oil at $56.82 (-0.44%) Rates : US 10-year yield at 2.006, UK 10-year yield at806, Germany 10-year yield at … Continue reading Friday 21st June: Geopolitical tensions and weak Japanese markets put investors on a backfoot

Friday 21st June: Increased demand for safe-haven assets as the dollar continues to grind south.

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Key risk events: French Flash Services PMI; French Flash Manufacturing PMI; German Flash Manufacturing PMI; German Flash Services PMI; EUR Flash Manufacturing PMI; EUR Flash Services PMI; US Flash Manufacturing PMI; FOMC Member Brainard Speaks; UK Public Sector Net Borrowing; MPC Member Tenreyro Speaks; Canadian Core Retail Sales m/m; Canadian Retail Sales m/m. EUR/USD: Firmly … Continue reading Friday 21st June: Increased demand for safe-haven assets as the dollar continues to grind south.

Thursday 20th June: Asian shares continue to climb amidst rate cut speculations

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Global Markets: Asian Stock Markets : Nikkei up 0.6%, Shanghai Composite up 2.25%, Hang Seng up 0.94%, ASX up 0.45% Commodities : Gold at $1386.60 (+2.80%), Silver at $15.32 (+2.41%), Brent Oil at $62.78 (+1.55%), WTI Oil at $54.80 (+1.54%) Rates : US 10-year yield at 1.984, UK 10-year yield at 0.866, Germany 10-year yield … Continue reading Thursday 20th June: Asian shares continue to climb amidst rate cut speculations

Thursday 20th June: Dollar index on defensive after Fed signals readiness to cut rates; trades sub 97.00.

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EUR/USD: The single currency rose higher against its US counterpart Wednesday in the aftermath of the FOMC. The central bank left rates unchanged between 2.25-2.50%, as expected, though tweaked the language in its statement to reflect a more dovish stance. Erasing Draghi-induced losses, the candles gravitated to a high of 1.1254. H4 price, after engulfing … Continue reading Thursday 20th June: Dollar index on defensive after Fed signals readiness to cut rates; trades sub 97.00.