EUR/USD bulls entered a strong offensive phase Thursday, following Eur130 billion German fiscal stimulus, with additional impetus provided by the ECB exceeding expectations for a Eur500 billion PEPP boost.
Global Markets: Asian Stock Markets : Nikkei up 0.36%, Shanghai Composite down 0.14%, Hang Seng down 0.30%, ASX up 0.84% Commodities : Gold at $1701.25 (-0.21%), Silver at $17.81 (-0.81%), Brent Oil at $39.10 (-1.73%), WTI Oil at $36.48 (-2.17%) Rates : US 10-year yield at 0.751, UK 10-year yield at 0.264, Germany 10-year yield … Continue reading Thursday 4th June: Asian markets mixed as investors weigh recovery vs geopolitical tensions
Key risk events today: Australia Trade Balance; ECB Main Refinancing Rate, Monetary Policy Statement and Press Conference; Canada Trade Balance; US Unemployment Claims. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s single currency derived fresh impetus from upbeat Eurozone services PMIs and continued USD depreciation Wednesday. The US dollar index recorded its … Continue reading Thursday 4th June: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 1.29%, Shanghai Composite up 0.07%, Hang Seng up 1.36%, ASX up 1.83% Commodities : Gold at $1726.60 (-0.43%), Silver at $18.18 (-0.47%), Brent Oil at $40.18 (+1.54%), WTI Oil at $37.61 (+2.17%) Rates : US 10-year yield at 0.705, UK 10-year yield at 0.246, Germany 10-year yield … Continue reading Wednesday 3rd June: Asian markets extend gains on recovery optimism
The US dollar index, or more commonly referred to as the ‘DXY’, declined to levels not seen since March 13 on Tuesday after recording its sixth consecutive daily loss.
