Europe’s single currency firmed Monday, benefitting from continued decline in US Treasuries and the dollar’s demise. the DXY cracked 95.00, levels not seen since October 2018. 1.14 was taken to the upside in early trade, with the latter pencilling in support for the remainder of the day.
Global Markets: Asian Stock Markets : Nikkei down 5.38%, Shanghai Composite down 3.01%, Hang Seng down 4.15%, ASX down 7.33% Commodities : Gold at $1673.30 (+0.05%), Silver at $16.73 (-3.10%), Brent Oil at $33.95 (-25.01%), WTI Oil at $30.16 (-26.94%) Rates : US 10-year yield at 0.478, UK 10-year yield at 0.233, Germany 10-year yield … Continue reading Monday 9th March : Saudis add fuel to the fire – markets in deep red
EUR/USD bulls went on the offensive last week, sharply extending gains. Adding more than 250 points, price bettered long-term channel resistance, extended from the high 1.1569.
Global Markets: Asian Stock Markets : Nikkei down 2.72%, Shanghai Composite down 1.21%, Hang Seng down 2.44%, ASX down 2.81% Commodities : Gold at $1671.95 (+0.24%), Silver at $17.33 (-0.35%), Brent Oil at $49.66 (-0.66%), WTI Oil at $45.62 (-0.61%) Rates : US 10-year yield at 0.818, UK 10-year yield at 0.329, Germany 10-year yield … Continue reading Friday 6th March: Markets continue to fall as corona fears grip the US
Key risk events today: Canada Employment Change and Trade Balance; US Unemployment Rate, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate. (Previous analysis as well as outside sources – italics). EUR/USD: Regaining the 1.12 handle in recent trade, H4 price, leaving January’s opening level at 1.1222 unopposed, is now seen retesting … Continue reading Friday 6th March: NFP Day – Remain Vigilant
