Thursday 15th November: Asian markets mixed as China-US trade deal prospects kick in

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Global Markets: Asian Stock Markets : Nikkei down 0.25%, Shanghai Composite up 0.82%, Hang Seng up 0.91%, ASX up 0.06% Commodities : Gold at $1211.70 (+0.13%), Silver at $14.14 (+0.39%), Brent Oil at $66.00 (-0.18%), WTI Oil at $56.06 (-0.34%) Rates : US 10-year yield at 3.127, UK 10-year yield at 1.481, Germany 10-year yield … Continue reading Thursday 15th November: Asian markets mixed as China-US trade deal prospects kick in

Thursday 15th November: UK PM May secures cabinet backing for Brexit deal, though may still face a confidence vote.

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EUR/USD: Since the pair bottomed just north of weekly demand at 1.1119-1.1212, price has sported a reasonably bullish tone. Although the unit may endure some selling pressure around 1.1310 (the swing resistance marked with a pink arrow), the path appears relatively clear towards the weekly resistance area at 1.1717-1.1862. Daily resistance at 1.1310 (also seen … Continue reading Thursday 15th November: UK PM May secures cabinet backing for Brexit deal, though may still face a confidence vote.

Wednesday 14th November: Oil goes into contango as Asian economies show signs of weakening

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Global Markets: Asian Stock Markets : Nikkei up 0.12%, Shanghai Composite down 0.08%, Hang Seng down 0.43%, ASX down 1.74% Commodities : Gold at $1202.90 (+0.12%), Silver at $13.98 (-0.01%), Brent Oil at $65.34 (-0.20%), WTI Oil at $55.48 (-0.38%) Rates : US 10-year yield at 3.145, UK 10-year yield at 1.497, Germany 10-year yield … Continue reading Wednesday 14th November: Oil goes into contango as Asian economies show signs of weakening