Europe’s shared currency retained a healthy underlying bid against the US dollar Thursday, adding 0.7% by London’s close. The US dollar index maintained a position south of 99.00, crossing through 98.50. In spite of this, the DXY was initially unmoved by the revision lower to Q1 GDP and larger-than-forecast unemployment claims.
Global Markets: Asian Stock Markets : Nikkei up 2.32%, Shanghai Composite up 0.33%, Hang Seng down 0.81%, ASX up 1.32% Commodities : Gold at $1718.70 (+0.47%), Silver at $17.85 (+0.51%), Brent Oil at $33.97 (-2.22%), WTI Oil at $31.82 (-3.02%) Rates : US 10-year yield at 0.690, UK 10-year yield at 0.210, Germany 10-year yield … Continue reading Thursday 28th May: Asian markets seesaw – overall trends positive
Wednesday had the shared currency rebound strongly against the US dollar, off May’s opening level at 1.0943. 1.10 came under threat shortly after, displaying a fakeout through the key figure to April’s opening level at 1.1023 on the H4 timeframe.
Global Markets: Asian Stock Markets : Nikkei up 0.70%, Shanghai Composite down 0.34%, Hang Seng down 0.70%, ASX down 0.09% Commodities : Gold at $1696.80 (-0.52%), Silver at $17.49 (-0.59%), Brent Oil at $35.45 (-1.99%), WTI Oil at $33.73 (-1.80%) Rates : US 10-year yield at 0.690, UK 10-year yield at 0.194, Germany 10-year yield … Continue reading Wednesday 27th May: Asian markets buck the trend and trade lower
With the US dollar index travelling through 99.50 and touching gloves with 99.00, EUR/USD H4 price is seen seeking additional bidders for a push to nearby 1.10, a key figure widely watched in this market.
