Global Markets: Asian Stock Markets : Nikkei down 0.60%, Shanghai Composite up 0.17%, Hang Seng down 0.75%, ASX down 0.14% Commodities : Gold at $1574.45 (+0.07%), Silver at $17.70 (+0.06%), Brent Oil at $54.52 (+0.09%), WTI Oil at $50.38 (+0.12%) Rates : US 10-year yield at 1.590, UK 10-year yield at 0.571, Germany 10-year yield … Continue reading Monday 10th February: Asian markets lower as China IP data fails expectations.
EUR/USD witnessed a resurgence of selling last week, south of long-standing channel resistance, drawn from the high 1.1569. Downside targets rest at the 2016 yearly opening level from 1.0873 followed by channel support, taken from the low 1.1109.
Global Markets: Asian Stock Markets : Nikkei down 0.19%, Shanghai Composite down 0.23%, Hang Seng down 0.76%, ASX down 0.38% Commodities : Gold at $1567.05 (-0.19%), Silver at $17.75 (-0.40%), Brent Oil at $55.30 (+0.67%), WTI Oil at $51.22 (+0.53%) Rates : US 10-year yield at 1.632, UK 10-year yield at 0.588, Germany 10-year yield … Continue reading Friday 7th February: Asian markets lose steam as Coronavirus toll mounts
Key risk events today: China Trade Balance; China USD-Denominated Trade Balance; Canada Employment Change and 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: The euro ceded further ground to the US dollar Thursday, shedding more than 115 points, or … Continue reading Friday 7th February: Dollar Reigns Ahead of NFP.
US employment figures provide an irreplaceable insight into the condition of the world’s largest economy. It’s considered a leading indicator of consumer spending, which drives the economy.
