Monday 7th January: Asian markets higher as investor sentiment improves

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Global Markets: Asian Stock Markets : Nikkei up 2.39%, Shanghai Composite up 0.79%, Hang Seng up 0.83%, ASX up 1.14% Commodities : Gold at $1290.90 (+0.40%), Silver at $15.83 (+0.27%), Brent Oil at $57.85 (+1.38%), WTI Oil at $48.70 (+1.54%) Rates : US 10-year yield at 2.664, UK 10-year yield at 1.272, Germany 10-year yield … Continue reading Monday 7th January: Asian markets higher as investor sentiment improves

Monday 7th January: Weekly technical outlook and review.

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Friday’s non-farm payrolls widely exceeded expectations, adding 312k jobs in December compared to the 179k consensus. Average hourly earnings rose 0.4% last month, beating expectations of 0.3%, while the US unemployment rate ticked higher to 3.9% from 3.7%.