Key risk events today: UK Average Earnings Index 3m/y; UK Claimant Count Change; UK Unemployment Rate; German ZEW Economic Sentiment; FOMC Member Clarida Speaks. EUR/USD: EUR/USD movement opened the new week a shade higher, consequently snapping a five-day bearish phase from 1.1175. The dollar index, or DXY, receded from highs of 98.40, poised to revisit … Continue reading Tuesday 12th November: Dollar snaps five-day winning streak; a retest of 98.00 likely in store.
Category: Recent
Monday 11th November: Hong Kong markets fall on account of heightened tensions
Global Markets: Asian Stock Markets : Nikkei down 0.26%, Shanghai Composite down 1.75%, Hang Seng down 2.72%, ASX up 0.72% Commodities : Gold at $1463.65 (+0.05%), Silver at $16.83 (+0.03%), Brent Oil at $61.86 (-1.04%), WTI Oil at $56.63 (-1.07%) Rates : US 10-year yield at 1.945, UK 10-year yield at 0.791, Germany 10-year yield … Continue reading Monday 11th November: Hong Kong markets fall on account of heightened tensions
Monday 11th November: Weekly technical outlook and review.
Five successive days of selling, primarily opening by way of a clear-cut bearish engulfing candlestick formation, witnessed the EUR/USD tunnel through prominent support at 1.1072.
Friday 8th November: Asian markets retreat on uncertain terms of US-China trade deal
Global Markets: Asian Stock Markets : Nikkei up 0.12%, Shanghai Composite up 0.15%, Hang Seng down 0.57%, ASX down 0.04% Commodities : Gold at $1469.65 (+0.22%), Silver at $16.97 (-0.22%), Brent Oil at $62.09 (-0.32%), WTI Oil at $56.88 (-0.47%) Rates : US 10-year yield at 1.907, UK 10-year yield at 0.764, Germany 10-year yield … Continue reading Friday 8th November: Asian markets retreat on uncertain terms of US-China trade deal
Friday 8th November: Dollar index closes above 98.00 though faces weekly trend line resistance.
The European shared currency traded lower against the buck Thursday, erasing more than 0.15% and recording its fourth successive losing session. The dollar index firmed yesterday, breaching 98.00 to the upside as US Treasury yields rose sharply – 10-year note trades at 1.919% – amid positive US/China trade headlines that triggered safe-haven outflows.