Global Markets: Asian Stock Markets : Nikkei up 0.13%, Shanghai Composite down 2.75%, Hang Seng down 0.03%, ASX up 0.04% Commodities : Gold at $1560.25 (-0.33%), Silver at $17.79 (-0.23%), Brent Oil at $62.31 (+0.44%), WTI Oil at $55.82 (+0.41%) Rates : US 10-year yield at 1.743, UK 10-year yield at 0.583, Germany 10-year yield … Continue reading Friday 24th January: Asian markets take a breather on coronavirus fears
Category: Recent
Friday 24th January: Pound Trades North of 1.31 Ahead of Key UK Manufacturing Data.
Relatively subdued, sterling mildly dipped lower Thursday and refreshed daily lows around the 1.31 mark. As the market assesses the possibility of a BoE rate cut, focus shifts to todays UK flash PMI metrics, with consensus forecasting a rise across the board.
UK Flash Manufacturing PMI in Focus
The Flash PMI release, source first reported in November 2019, is a forward-looking estimate of a country’s manufacturing sector. It’s there to provide an early indication of the Final PMI value, due on 3rd February.
Thursday 23rd January: Markets are lower on worries about the deadly coronavirus outbreak in China
Global Markets: Asian Stock Markets : Nikkei down 0.98%, Shanghai Composite down 2.68%, Hang Seng down 2.07%, ASX down 0.63% Commodities : Gold at $1556.45 (-0.02%), Silver at $17.73 (-0.57%), Brent Oil at $62.20 (-1.60%), WTI Oil at $55.67 (-1.89%) Rates : US 10-year yield at 1.746, UK 10-year yield at 0.634, Germany 10-year yield … Continue reading Thursday 23rd January: Markets are lower on worries about the deadly coronavirus outbreak in China
Thursday 23rd January: US Dollar Index Retesting Channel Resistance-Turned Support (99.67); Eyes Nearby Resistance at 97.86.
Key risk events today: EUR Main Refinancing Rate, Monetary Policy Statement and ECB Press Conference; Crude Oil Inventories; New Zealand CPI q/q. (Italics represents previous analysis and outside sources) EUR/USD: Europe’s shared currency finished mostly unmoved against the US dollar Wednesday, lingering south of the 1.11 handle. Technically, the main highlight on the H4 chart … Continue reading Thursday 23rd January: US Dollar Index Retesting Channel Resistance-Turned Support (99.67); Eyes Nearby Resistance at 97.86.