In spite of clocking session highs at 1.1008, the attempt to regain footing above the 2016 yearly opening level at 1.0873 was abruptly denied, consequently reclaiming a large portion of the week’s upside.
Global Markets: Asian Stock Markets : Nikkei down 0.80%, Shanghai Composite down 1.89%, Hang Seng down 5.69%, ASX down 0.96% Commodities : Gold at $1736.75 (+0.86%), Silver at $17.42 (+0.33%), Brent Oil at $34.30 (-4.88%), WTI Oil at $31.86 (-6.07%) Rates : US 10-year yield at 0.636, UK 10-year yield at 0.139, Germany 10-year yield … Continue reading Friday 22nd May: Hong Kong plummets as China talks of new restrictions
Key risk events today: BoJ Monetary Policy Statement and Press Conference; UK Retail Sales m/m; ECB Monetary Policy Meeting Accounts; Canada Core Retail Sales m/m. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s shared currency concluded lower against the US dollar Thursday, unwinding from the key figure 1.10, a move reaching as … Continue reading Friday 22nd May: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei down 0.21%, Shanghai Composite down 0.55%, Hang Seng down 0.67%, ASX down 0.41% Commodities : Gold at $1737.95 (-0.81%), Silver at $17.75 (-1.59%), Brent Oil at $36.28 (+1.48%), WTI Oil at $34.16 (+2.00%) Rates : US 10-year yield at 0.669, UK 10-year yield at 0.203, Germany 10-year yield … Continue reading Thursday 21st May: Asian markets lose on Japan data.
Key risk events today: RBA Gov Lowe Speaks; French Flash Services PMI and Flash Manufacturing PMI; German Flash Manufacturing PMI and Flash Services PMI; Euro Flash Manufacturing PMI and Flash Services PMI; UK Flash Services PMI and Flash Manufacturing PMI; Philly Fed Manufacturing Index; US Unemployment Claims; US Flash Manufacturing PMI and Flash Services PMI; … Continue reading Thursday 21st May: Technical Outlook and Review
