Global Markets: Asian Stock Markets : Nikkei down 0.01%, Shanghai Composite down 1.46%, Hang Seng down 0.88%, ASX down 0.35% Commodities : Gold at $1311.55 (-0.18%), Silver at $15.19 (-0.33%), Brent Oil at $71.39 (-0.47%), WTI Oil at $64.24 (-0.57%) Rates : US 10-year yield at 2.474, UK 10-year yield at 1.086, Germany 10-year yield … Continue reading Thursday 11th April: Markets concerned as IMF cuts global growth forecasts again
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.
Global Markets: Asian Stock Markets : Nikkei down 0.61%, Shanghai Composite down 0.35%, Hang Seng down 0.31%, ASX flat Commodities : Gold at $1306.85 (-0.11%), Silver at $15.16 (-0.35%), Brent Oil at $70.72 (+0.16%), WTI Oil at $64.15 (+0.27%) Rates : US 10-year yield at 2.488, UK 10-year yield at 1.103, Germany 10-year yield at … Continue reading Wednesday 10th April: Markets concerned as IMF cuts global growth forecasts again
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.
Despite UK PM May hitting the airwaves on Sunday defending her strategy to reach out to opposition Labour, GBP/USD movement hesitated Monday, oscillating between 1.3121/1.2986.
