Key risk events today: RBA Monetary Policy Statement; ECB President Lagarde Speaks; Canada Employment Change and Unemployment Rate; US Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate. (Previous analysis as well as outside sources – italics). EUR/USD: Sell-stops south of 1.08 were tripped in recent trading, with H4 action regaining a strong footing … Continue reading Friday 8th May: NFP Day – Remain Vigilant
Global Markets: Asian Stock Markets : Nikkei up 0.28%, Shanghai Composite down 0.23%, Hang Seng down 0.41%, ASX down 0.38% Commodities : Gold at $1691.30 (+0.17%), Silver at $15.14 (+0.80%), Brent Oil at $29.51 (-0.71%), WTI Oil at $23.99 (0.00%) Rates : US 10-year yield at 0.704, UK 10-year yield at 0.246, Germany 10-year yield … Continue reading Thursday 7th May: Asian markets flat as Chinese exports surprise.
Key risk events today: Australia Trade Balance; China Caixin Services PMI; New Zealand Inflation Expectations q/q; China Trade Balance; BoE Monetary Policy Report, MPC Official Bank Rate Votes, Monetary Policy Summary and Official Bank Rate; US unemployment Claims; ECB President Lagarde Speaks. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s single currency … Continue reading Thursday 7th May: Pound Slumps Ahead of BoE Rate Decision
Global Markets: Asian Stock Markets : Shanghai Composite up 0.63%, Hang Seng up 1.28%, ASX down 0.42% Commodities : Gold at $1713.65 (+0.18%), Silver at $15.32 (+1.40%), Brent Oil at $30.96 (-0.03%), WTI Oil at $24.35 (-0.86%) Rates : US 10-year yield at 0.674, UK 10-year yield at 0.216, Germany 10-year yield at -0.565 News … Continue reading Wednesday 6th May: Asian markets mostly in the green; Yuan rate eases tensions
Key risk events today: EU Economic Forecasts; US ADP Non-Farm Employment Change. (Previous analysis as well as outside sources – italics). EUR/USD: EUR/USD found itself under significant pressure Tuesday following the German Constitutional Court’s ruling on the ECB purchase programme. 1.09 ceded ground on the H4 timeframe, as did trend line support, taken from the … Continue reading Wednesday 6th May: Dollar Trades Higher Ahead of ADP Employment
