Global Markets: Asian Stock Markets : Nikkei up 0.33%, Shanghai Composite up 0.04%, Hang Seng down 0.05%, ASX up 0.34% Commodities : Gold at $1465.75 (+0.04%), Silver at $16.64 (+0.25%), Brent Oil at $64.22 (-0.26%), WTI Oil at $58.94 (-0.44%) Rates : US 10-year yield at 1.831, UK 10-year yield at 0.765, Germany 10-year yield … Continue reading Tuesday 10th December: Muted trading in Asian Markets
Europe’s shared currency concluded narrowly mixed against the buck Monday, underpinned by H4 support priced in at 1.1055 and a 50.0% retracement ratio at 1.1048. Beneath here, traders’ crosshairs are likely fixed on December’s opening value at 1.1023 that aligns closely with a trend line resistance-turned support, taken from the high 1.1173
Global Markets: Asian Stock Markets : Nikkei up 0.33%, Shanghai Composite up 0.04%, Hang Seng down 0.05%, ASX up 0.34% Commodities : Gold at $1465.75 (+0.04%), Silver at $16.64 (+0.25%), Brent Oil at $64.22 (-0.26%), WTI Oil at $58.94 (-0.44%) Rates : US 10-year yield at 1.831, UK 10-year yield at 0.765, Germany 10-year yield … Continue reading Monday 9th December: Asian markets flatline on mixed news
In view of GBP/USD bulls enhancing their position, the resistance area at 1.3019-1.2975 yielded ground, as did Quasimodo resistance at 1.3102 (both now acting supports).
The British pound continued to flex its financial muscle against the US dollar Thursday, ascending to a fresh peak of 1.3166 and adding 0.41%. Underpinned by a clear Tory lead on Labour, with latest polls maintaining the differential at 10 points, GBP/USD trades at approximately 2.00% on the week.
