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
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.
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.
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
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.
