Thursday 31st October: Asian stocks mixed as Fed cuts Rates; APEC summit cancelled

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Global Markets: Asian Stock Markets : Nikkei up 0.37%, Shanghai Composite down 0.44%, Hang Seng up 0.77%, ASX down 0.39% Commodities : Gold at $1499.95 (+0.22%), Silver at $17.93 (+0.37%), Brent Oil at $60.37 (+0.22%), WTI Oil at $55.14 (+0.15%) Rates : US 10-year yield at 1.777, UK 10-year yield at 0.684, Germany 10-year yield … Continue reading Thursday 31st October: Asian stocks mixed as Fed cuts Rates; APEC summit cancelled

Thursday 31st October: Technical outlook and review.

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The Federal Open Market Committee (FOMC) cut its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75% on Wednesday, as expected, but specified the moves to ease policy could be approaching a pause.

Wednesday 30th October: Asian stocks falter as US-China trade deal seems unlikely

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Global Markets: Asian Stock Markets : Nikkei down 0.52%, Shanghai Composite down 0.44%, Hang Seng down 0.30%, ASX down 0.82% Commodities : Gold at $1491.25 (+0.04%), Silver at $17.79 (-0.21%), Brent Oil at $61.04 (-0.89%), WTI Oil at $55.27 (-0.49%) Rates : US 10-year yield at 1.826, UK 10-year yield at 0.713, Germany 10-year yield … Continue reading Wednesday 30th October: Asian stocks falter as US-China trade deal seems unlikely

Wednesday 30th October: Dollar index lower ahead of Fed meeting.

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Key risk events today: German Prelim CPI m/m; US ADP Non-Farm Employment Change; US Advance GDP q/q; US Advance GDP Price Index q/q; BoC Monetary Policy Report, Rate Statement, Overnight Rate and Press Conference; Crude Oil Inventories; FOMC Statement, Federal Funds Rate and FOMC Press Conference. EUR/USD: Europe’s shared currency settled a touch higher against … Continue reading Wednesday 30th October: Dollar index lower ahead of Fed meeting.