Key risk events today: UK Retail Sales m/m; German IFO Business Climate; US Core Durable Goods Orders m/m and Durable Goods Orders m/m. (Previous analysis as well as outside sources – italics). EUR/USD: In recent hours, EUR/USD gave up its 1.08 handle, breaching the 1.0768 April 6 low. Sour Eurozone Flash Manufacturing/Services PMIs, along with … Continue reading Friday 24th April: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 1.52%, Shanghai Composite down 0.19%, Hang Seng up 0.09%, ASX down 0.08% Commodities : Gold at $1739.30 (+0.06%), Silver at $15.54 (+1.34%), Brent Oil at $21.77 (+6.87%), WTI Oil at $15.05 (+9.22%) Rates : US 10-year yield at 0.622, UK 10-year yield at 0.335, Germany 10-year yield … Continue reading Thursday 23rd April: Asian markets gain on positive cues
Key risk events today: Eurozone Flash Manufacturing/Services PMIs; UK Flash Manufacturing/Services PMIs; US Unemployment Claims; US Flash Manufacturing/Services PMIs. EUR/USD: The US dollar index retained its underlying bid Wednesday, establishing a reasonably firm position north of 100.00. EUR/USD found thin air south of 1.09 into US hours and retreated sub 1.0850, with (technical) eyes likely … Continue reading Thursday 23rd April: Dollar Higher Ahead of US Unemployment Data
Global Markets: Asian Stock Markets : Nikkei down 0.74%, Shanghai Composite up 0.60%, Hang Seng up 0.30%, ASX flat Commodities : Gold at $1720.30 (+1.93%), Silver at $14.97 (+0.65%), Brent Oil at $17.59 (-9.00%), WTI Oil at $11.45 (-1.04%) Rates : US 10-year yield at 0.594, UK 10-year yield at 0.317, Germany 10-year yield at … Continue reading Wednesday 22nd April: Asian markets on the decline as oil woes continue
Key risk events today: UK Inflation; Canada Inflation. (Previous analysis as well as outside sources – italics). EUR/USD: The US dollar index, or ‘DXY’, explored ground north of 100.00 Tuesday, though EUR/USD concluded pretty much unchanged for a second successive session. On the data front, the ZEW Indicator of Economic Sentiment for Germany rose by … Continue reading Wednesday 22nd April: The US Dollar Index Crosses 100.00 Signalling $ Strength
