The US dollar index, calculated by factoring in the exchange rates of six major world currencies, continued to realise higher ground Monday. Despite US banks closing in observance of Labour Day, the index clocked fresh YTD highs beyond the 99.00 handle.
Global Markets: Asian Stock Markets : Nikkei down 0.44%, Shanghai Composite up 1.38%, Hang Seng down 0.80%, ASX down 0.38% Commodities : Gold at $1532.85 (+0.23%), Silver at $18.43 (+0.50%), Brent Oil at $59.05 (-0.34%), WTI Oil at $55.09 (-0.02%) Rates : US 10-year yield at 1.499, UK 10-year yield at 0.474, Germany 10-year yield … Continue reading Monday 2nd September: Asian Markets mostly lower as new tariffs kick in – China PMI numbers surprise
Snapping a two-week bullish phase, the GBP/USD curved lower a few points south of the 2017 yearly opening level at 1.2329 (resistance) last week, set a couple of points beneath a major resistance area at 1.2365-1.2615.
Global Markets: Asian Stock Markets : Nikkei down 0.81%, Shanghai Composite down 0.45%, Hang Seng down 1.18%, ASX down 0.39% Commodities: Gold at $1431.50 (+0.13%), Silver at $16.53 (-0.16%), Brent Oil at $65.22 (+0.91%), WTI Oil at $58.48 (+0.74%) Rates : US 10-year yield at 2.054, UK 10-year yield at 0.636, Germany 10-year yield at … Continue reading Wednesday 31st July: Asian markets fall on diminishing trade deal hopes
Key risk events today: Spanish Flash GDP q/q; Euro CPI Flash Estimate y/y and Core CPI Flash Estimate y/y; US ADP Non-Farm Employment Change; CAD GDP m/m and RMPI m/m; US Employment Cost Index q/q; Chicago PMI; FOMC Statement, Federal Funds Rate and Press Conference. EUR/USD: Europe’s single currency mildly extended its weekly gains Tuesday, … Continue reading Wednesday 31st July: Dollar holding north of 98.00 as Fed focus takes centre stage.
