In the mould of a near-full-bodied bullish candle, the British pound catapulted itself north against its US equivalent last week, positioning the market at the lower boundary of supply coming in at 1.3472-1.3204.
Global Markets: Asian Stock Markets : Nikkei up 1.05%, Shanghai Composite up 0.39%, Hang Seng up 1.52%, ASX up 0.68% Commodities : Gold at $1282.15 (+0.18%), Silver at $15.37 (+0.48%), Brent Oil at $61.74 (+1.06%), WTI Oil at $53.79 (+1.24%) Rates : US 10-year yield at 2.733, UK 10-year yield at 1.255, Germany 10-year yield … Continue reading Friday 25th January: Asian markets continue to gather steam.
Dreary Eurozone PMIs triggered the EUR/USD’s initial decline amid early European trade Thursday, with downside further exacerbated by the press conference after the ECB interest-rate decision in which rates were left unscathed.
Broad-based US dollar selling, triggered by a sharp drop in 10-year Treasury yields, appears to be the primary catalyst behind the recent upsurge.
Global Markets: Asian Stock Markets : Nikkei down 0.06%, Shanghai Composite up 0.56%, Hang Seng up 0.40%, ASX up 0.38% Commodities : Gold at $1280.75 (-0.25%), Silver at $15.33 (-0.34%), Brent Oil at $60.87 (-0.44%), WTI Oil at $52.39 (-0.44%) Rates : US 10-year yield at 2.746, UK 10-year yield at 1.326, Germany 10-year yield … Continue reading Thursday 24th January: Asian markets broadly higher.
