Friday 7th September: The mighty NFP report is set to take center stage today – remain vigilant!

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EUR/USD: Ranging little more than 50 pips on Thursday, EUR/USD prices are effectively unchanged this morning. Thursday’s US ADP non-farm employment miss boosted demand for the single currency, though the move was short-lived. The US ISM Non-Manufacturing PMI, however, came in better than expected, sending the EUR/USD lower, though, once again, the move was fleeting. … Continue reading Friday 7th September: The mighty NFP report is set to take center stage today – remain vigilant!

Thursday 6th September: Asian markets search for the bottom of the endless fall

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Global Markets: Asian Stock Markets : Nikkei down 0.46%, Shanghai Composite down 0.15%, Hang Seng down 1.22%, ASX down 1.24% Commodities : Gold at $1201.60 (+0.02%), Silver at $14.19 (-0.25%), Brent Oil at $77.11 (-0.21%), WTI Oil at $68.53 (-0.28%) Rates : US 10-year yield at 2.904, UK 10-year yield at 1.466, Germany 10-year yield … Continue reading Thursday 6th September: Asian markets search for the bottom of the endless fall

Thursday 6th September: Headline data largely focused on the US today with the ADP report standing at the top of the pile

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EUR/USD: Demand for the single currency intensified on Wednesday amid headlines indicating Germany and the UK were said to have dropped key demands on Brexit in order to facilitate an agreement. The euro, which clocked lows of 1.1542 in early London trade, ended the segment shaking hands with highs of 1.1640 as the US dollar … Continue reading Thursday 6th September: Headline data largely focused on the US today with the ADP report standing at the top of the pile