Category: Recent

Global Markets: Asian Stock Markets : Nikkei down 0.98%, Shanghai Composite down 2.68%, Hang Seng down 2.07%, ASX down 0.63% Commodities : Gold at $1556.45 (-0.02%), Silver at $17.73 (-0.57%), Brent Oil at $62.20 (-1.60%), WTI Oil at $55.67 (-1.89%) Rates : US 10-year yield at 1.746, UK 10-year yield at 0.634, Germany 10-year yield … Continue reading Thursday 23rd January: Markets are lower on worries about the deadly coronavirus outbreak in China

Key risk events today: EUR Main Refinancing Rate, Monetary Policy Statement and ECB Press Conference; Crude Oil Inventories; New Zealand CPI q/q. (Italics represents previous analysis and outside sources) EUR/USD: Europe’s shared currency finished mostly unmoved against the US dollar Wednesday, lingering south of the 1.11 handle. Technically, the main highlight on the H4 chart … Continue reading Thursday 23rd January: US Dollar Index Retesting Channel Resistance-Turned Support (99.67); Eyes Nearby Resistance at 97.86.

Global Markets: Asian Stock Markets : Nikkei up 0.70%, Shanghai Composite up 0.39%, Hang Seng up 1.07%, ASX up 0.94% Commodities : Gold at $1551.45 (-0.41%), Silver at $17.74 (-0.37%), Brent Oil at $64.36 (-0.36%), WTI Oil at $58.10 (-0.48%) Rates : US 10-year yield at 1.792, UK 10-year yield at 0.631, Germany 10-year yield … Continue reading Wednesday 22nd January: Asian markets brush aside economic concerns to trade higher

Europe’s single currency concluded the day a shade lower against the US dollar, despite EUR/USD gleaning some traction via an encouraging German/Eurozone ZEW survey earlier in the session.

Key risk events today: BoJ Outlook Report and Monetary Policy Statement; BoJ Policy Rate and Press Conference; UK Average Earnings Index 3m/y; UK Claimant Count Change; UK Unemployment Rate; German ZEW Economic Sentiment; Canada Manufacturing Sales m/m. (Italics represents previous analysis and outside sources) EUR/USD: Markets observed soft trade Monday as US banks closed in … Continue reading Tuesday 21st January: Technical Outlook and Review.