Key risk events today: Australia Wage Price Index q/q; RBNZ Official Cash Rate, Monetary Policy Statement, Rate Statement and Press Conference; UK Prelim GDP q/q; UK GDP m/m; UK Manufacturing Production m/m; US Core PPI m/m and PPI m/m; Fed Chair Powell Speaks. (Previous analysis as well as outside sources – italics). EUR/USD: Organised in … Continue reading Wednesday 13th May: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei down 0.12%, Shanghai Composite down 0.11%, Hang Seng down 1.56%, ASX down 1.07% Commodities : Gold at $1706.60 (+0.51%), Silver at $15.76 (+0.51%), Brent Oil at $30.05 (+1.42%), WTI Oil at $24.72 (+2.40%) Rates : US 10-year yield at 0.707, UK 10-year yield at 0.279, Germany 10-year yield … Continue reading Tuesday 12th May: Asian markets falter as second wave fears rise
Key risk events today: Australia NAB Business Confidence; US CPI m/m and Core CPI m/m. (Previous analysis as well as outside sources – italics). EUR/USD: The US dollar index kicked off the week on strong footing, rallying more than 1.00% and reclaiming 100.00+ status. The single currency has been relatively resilient, though is seen nearing … Continue reading Tuesday 12th May: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 1.05%, Shanghai Composite down 0.02%, Hang Seng up 1.55%, ASX up 1.30% Commodities : Gold at $1708.95 (-0.29%), Silver at $15.83 (+0.34%), Brent Oil at $30.45 (-1.68%), WTI Oil at $24.32 (-1.70%) Rates : US 10-year yield at 0.704, UK 10-year yield at 0.265, Germany 10-year yield … Continue reading Monday 11th May: Asian markets gain as investors look forward to unemployment report.
Overall, though, EUR/USD has been involved in a long-term downtrend since topping in early 2018. A nudge lower could see multi-year lows enter sight at 1.0635, while firming may eventually witness the 2020 yearly opening level at 1.1222 make a play.
