Category: Uncategorized

EUR/USD: The shared currency encountered relatively strong selling on Thursday, sufficient enough to break a four-day bullish phase. The markets were all about falling emerging currencies yesterday: contagion from TRY selling and Italian jitters ahead of Fitch’s ratings review. On a wider perspective, technically speaking that is, a move lower was expected. Weekly price recently … Continue reading Friday 31st August: Trump said to back $200bln China tariffs – USD could find further support today.

Global Markets: Asian Stock Markets : Nikkei down 0.10%, Shanghai Composite down 0.08%, Hang Seng down 0.92%, ASX down 0.32% Commodities : Gold at $1210.00 (+0.41%), Silver at $14.53 (+0.33%), Brent Oil at $78.02 (0.00%), WTI Oil at $70.28 (+0.04%) Rates : US 10-year yield at 2.857, UK 10-year yield at 1.454, Germany 10-year yield … Continue reading Friday 31st August: Trade war fears continue to pull down Asian markets

EUR/USD: Risk appetite elbowed its way back into the spotlight on Wednesday, pressuring the greenback to lower ground and pulling the EUR/USD back above 1.17. Yesterday’s optimism largely came about following news that EU’s chief negotiator Barnier is ready to offer the UK a partnership arrangement no other 3rd party has. As can be seen … Continue reading Thursday 30th August: USD lower as market sentiment improves – US core PCE data on the radar.