Global Markets: Asian Stock Markets : Nikkei up 0.08%, Shanghai Composite down 0.09%, Hang Seng up 0.49%, ASX up 0.14% Commodities : Gold at $1193.50 (+0.17%), Silver at $14.43 (+0.17%), Brent Oil at $84.84 (-0.19%), WTI Oil at $74.69 (-0.36%) Rates : US 10-year yield at 3.212, UK 10-year yield at 1.715, Germany 10-year yield … Continue reading Wednesday 10th October: Asian markets cautious as growth woes linger
EUR/USD: For folks who read Tuesday’s briefing you may recall the team underscored 1.15 as a possible contender for a retest play as resistance on the H4 timeframe. The reasoning behind the approach stemmed largely from higher-timeframe structure. Weekly movement displayed room to move as far south as a demand base coming in at 1.1312-1.1445. … Continue reading Wednesday 10th October: DXY’s monthly supply at 95.13-92.75 struggling to hold ground – further upside for the US dollar?
Global Markets: Asian Stock Markets : Nikkei down 1.34%, Shanghai Composite down 0.07%, Hang Seng down 0.09%, ASX down 0.97% Commodities : Gold at $1193.50 (+0.41%), Silver at $14.42 (+0.64%), Brent Oil at $84.33 (+0.50%), WTI Oil at $74.69 (+0.54%) Rates : US 10-year yield at 3.248, UK 10-year yield at 1.682, Germany 10-year yield … Continue reading Tuesday 9th October: Asian markets mostly lower – treasury keeps strengthening
EUR/USD: The shared currency sank to lows of 1.1460 vs. its US counterpart on Monday, amid uncertainty surrounding the Italian budget crisis and the EU. An EU Commission letter stated the targets in Italy’s budget are a source of ‘serious concern’. Despite clocking lows not seen since August, the pair trimmed a portion of its … Continue reading Tuesday 9th October: Quiet day ahead in terms of macroeconomic data – potentially moving technical to the front line
