Key risk events today: China Manufacturing PMI; China Non-Manufacturing PMI; UK Current Account; Canada GDP m/m; Chicago PMI; US CB Consumer Confidence. (Previous analysis as well as outside sources – italics). EUR/USD: Monday had the US dollar index put in a stronger-than-expected recovery, firming north of 99.00 and reclaiming a large portion of Friday’s losses. … Continue reading Tuesday 31st March: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei down 1.57%, Shanghai Composite down 0.90%, Hang Seng down 1.27%, ASX up 7.00% Commodities : Gold at $1646.40 (-0.47%), Silver at $14.07 (-3.23%), Brent Oil at $26.48 (-5.26%), WTI Oil at $20.45 (-4.93%) Rates : US 10-year yield at 0.663, UK 10-year yield at 0.312, Germany 10-year yield … Continue reading Monday 30th March: Asian Markets down in virus chills.
Major US benchmarks slumped Friday, snapping a three-day bullish phase as investors’ focus remains on the economic fallout from the coronavirus pandemic. The Dow Jones Industrial Average declined 915.39 points, or 4.06%; the S&P 500 also erased 88.60 points, or 3.3%, and the tech-heavy Nasdaq 100 concluded lower by 308.75 points, or 3.91%.
Global Markets: Asian Stock Markets : Nikkei up 3.88%, Shanghai Composite up 0.26%, Hang Seng up 0.20%, ASX down 5.30% Commodities : Gold at $1627.45 (-1.44%), Silver at $14.66 (-0.11%), Brent Oil at $26.07 (-1.03%), WTI Oil at $22.72 (+0.53%) Rates : US 10-year yield at 0.796, UK 10-year yield at 0.379, Germany 10-year yield … Continue reading Friday 27th March: Mixed Day in Asian markets.
Key risk events today: Limited. (Previous analysis as well as outside sources – italics) EUR/USD: Dollar trade softened vs. all G10 counterparts Thursday, following weekly US initial claims soaring by nearly 3.3 million, setting a fresh all-time high, due to the coronavirus. With the dollar index languishing sub 100.00, EUR/USD firmed through the widely watched … Continue reading Friday 27th March: Technical Outlook and Review.
