Global Markets: Asian Stock Markets : Nikkei down 2.03% Commodities : Gold at $1577.55 (+0.36%), Silver at $18.17 (+0.30%), Brent Oil at $58.68 (-2.02%), WTI Oil at $53.06 (-2.09%) Rates : US 10-year yield at 1.648, UK 10-year yield at 0.559, Germany 10-year yield at -0.351 News & Data: (USD) Flash Manufacturing PMI 51.7 vs … Continue reading Monday 27th January: APAC markets mostly closed; Japan lower
Category: Recent
Monday 27th January: Weekly Technical Outlook and Review.
Europe’s single currency glided to a fourth consecutive weekly loss vs. the buck in recent trade, as sellers strengthened their grip south of long-standing channel resistance, drawn from the high 1.1569.
Friday 24th January: Asian markets take a breather on coronavirus fears
Global Markets: Asian Stock Markets : Nikkei up 0.13%, Shanghai Composite down 2.75%, Hang Seng down 0.03%, ASX up 0.04% Commodities : Gold at $1560.25 (-0.33%), Silver at $17.79 (-0.23%), Brent Oil at $62.31 (+0.44%), WTI Oil at $55.82 (+0.41%) Rates : US 10-year yield at 1.743, UK 10-year yield at 0.583, Germany 10-year yield … Continue reading Friday 24th January: Asian markets take a breather on coronavirus fears
Friday 24th January: Pound Trades North of 1.31 Ahead of Key UK Manufacturing Data.
Relatively subdued, sterling mildly dipped lower Thursday and refreshed daily lows around the 1.31 mark. As the market assesses the possibility of a BoE rate cut, focus shifts to todays UK flash PMI metrics, with consensus forecasting a rise across the board.
UK Flash Manufacturing PMI in Focus
The Flash PMI release, source first reported in November 2019, is a forward-looking estimate of a country’s manufacturing sector. It’s there to provide an early indication of the Final PMI value, due on 3rd February.