Global growth and trade fears returned to the forefront of the market Tuesday, with US President Trump threatening tariffs on European products. Demand for the safe-haven Japanese yen increased as a result.
Despite UK PM May hitting the airwaves on Sunday defending her strategy to reach out to opposition Labour, GBP/USD movement hesitated Monday, oscillating between 1.3121/1.2986.
Global Markets: Asian Stock Markets : Nikkei down 0.12%, Shanghai Composite down 1.02%, Hang Seng up 0.13%, ASX up 0.56% Commodities : Gold at $1300.65 (+0.39%), Silver at $15.11 (+0.18%), Brent Oil at $70.66 (+0.45%), WTI Oil at $63.37 (+0.46%) Rates : US 10-year yield at 2.488, UK 10-year yield at 1.120, Germany 10-year yield … Continue reading Monday 8th April: Jobs data leads markets to a sigh of relief, although trading in the red
Total US non-farm payroll employment increased by 196,000 in March (consensus 172k), along with the unemployment rate coming in unchanged at 3.8%, the US Bureau of Labour Statistics reported Friday.
Improving risk sentiment, coupled with the US dollar index advancing higher and erasing Wednesday’s losses, lifted the USD/JPY market to higher ground Thursday.
