Recording its third consecutive week in the green, US equities firmly overthrew resistance at 23578 last week (now acting support), exposing resistance in the form of the 2018 yearly opening level at 24660.
Global Markets: Asian Stock Markets : Nikkei up 0.97%, Shanghai Composite up 0.64%, Hang Seng up 0.52%, ASX down 0.36% Commodities : Gold at $1293.95 (+0.51%), Silver at $15.76 (+0.76%), Brent Oil at $61.53 (-0.24%), WTI Oil at $52.56 (-0.06%) Rates : US 10-year yield at 2.724, UK 10-year yield at 1.280, Germany 10-year yield … Continue reading Friday 11th January: Powell’s comments bring Asia to the green
Speculative interest remains somewhat lackluster in this market ahead of the key Parliamentary vote on UK PM May’s Brexit deal next week.
Global Markets: Asian Stock Markets : Nikkei down 1.36%, Shanghai Composite down 0.36%, Hang Seng up 0.01%, ASX up 0.29% Commodities : Gold at $1296.35 (+0.34%), Silver at $15.78 (+0.31%), Brent Oil at $60.84 (-0.98%), WTI Oil at $51.81 (-1.05%) Rates : US 10-year yield at 2.687, UK 10-year yield at 1.244, Germany 10-year yield … Continue reading Thursday 10th January: Asian markets mixed as China disappoints
In recent sessions, four Fed Presidents advised moderation and caution in the central bank’s rate policy this year. In addition to this, the meeting minutes from the Fed’s December meeting also struck a dovish tone.
