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06 Jun 2019

Thursday 6th June: Greenback derives fresh impetus amid upbeat non-manufacturing data.

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EUR/USD: Wednesday witnessed additional USD selling materialise ahead of US trading, as Fed’s Brainard joined the dovish band and US ADP employment numbers reported less-than-stellar figures. Despite this, dollar bulls recovered amid hotter-than-expected ISM non-manufacturing data, lifting the index back above its 97.00 mark into the close. Note this action also formed a bullish engulfing … Continue reading Thursday 6th June: Greenback derives fresh impetus amid upbeat non-manufacturing data.

05 Jun 2019

Wednesday 5th June: Asian markets rise on Powell’s comments

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Global Markets: Asian Stock Markets : Nikkei up 1.76%, Shanghai Composite up 0.23%, Hang Seng up 0.29%, ASX up 0.41% Commodities : Gold at $1334.55 (+0.44%), Silver at $14.81 (+0.29%), Brent Oil at $61.59 (-0.61%), WTI Oil at $53.01 (-0.88%) Rates : US 10-year yield at 2.099, UK 10-year yield at 0.898, Germany 10-year yield … Continue reading Wednesday 5th June: Asian markets rise on Powell’s comments

05 Jun 2019

Wednesday 5th June: Dollar prints third consecutive daily loss; eyes 97.00.

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EUR/USD: In recent sessions, market participants witnessed the EUR/USD’s advance run into headwinds as Eurozone inflation cooled according to latest CPI data, boosting speculation the European Central Bank may deliver a dovish statement and press conference Thursday. The US dollar index, or DXY, entered a somewhat choppy state Tuesday after a slate of Fed speak, … Continue reading Wednesday 5th June: Dollar prints third consecutive daily loss; eyes 97.00.

04 Jun 2019

Tuesday 4th June: Asian markets continue to fall on weak data

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Global Markets: Asian Stock Markets : Nikkei down 0.11%, Shanghai Composite down 1.00%, Hang Seng down 0.78%, ASX up 0.19% Commodities : Gold at $1331.35 (+0.26%), Silver at $14.76 (+0.12%), Brent Oil at $60.84 (-0.72%), WTI Oil at $52.95 (-0.56%) Rates : US 10-year yield at 2.088, UK 10-year yield at 0.860, Germany 10-year yield … Continue reading Tuesday 4th June: Asian markets continue to fall on weak data

04 Jun 2019

Tuesday 4th June: Dollar targets 97.00 as Fed’s Bullard unbolts the door for a potential rate cut.

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EUR/USD: EUR/USD bulls firmly entered an offensive phase Monday, adding 0.64%. The euro garnered broad support as the US dollar index, or DXY, came under pressure. Disappointing US ISM manufacturing PMI data as well as Chicago Fed President Bullard unbolting the door for a rate cut collectively weighed on the buck. Longer-term technical flows remain … Continue reading Tuesday 4th June: Dollar targets 97.00 as Fed’s Bullard unbolts the door for a potential rate cut.