Key risk events today: China Trade Balance; China USD-Denominated Trade Balance; Canada Employment Change and Unemployment Rate; US Average Hourly Earnings m/m; US Non-Farm Employment Change; US Unemployment Rate. (Previous analysis as well as outside sources – italics). EUR/USD: The euro ceded further ground to the US dollar Thursday, shedding more than 115 points, or … Continue reading Friday 7th February: Dollar Reigns Ahead of NFP.
US employment figures provide an irreplaceable insight into the condition of the world’s largest economy. It’s considered a leading indicator of consumer spending, which drives the economy.
Global Markets: Asian Stock Markets : Nikkei up 2.38%, Shanghai Composite up 1.72%, Hang Seng up 2.29%, ASX up 1.05% Commodities : Gold at $1562.50 (-0.02%), Silver at $17.71 (+0.60%), Brent Oil at $56.19 (+1.65%), WTI Oil at $51.77 (+2.01%) Rates : US 10-year yield at 1.660, UK 10-year yield at 0.605, Germany 10-year yield … Continue reading Thursday 6th February: Asian markets in the green as China cuts tariffs
The US dollar index (DXY) continued to flex its financial muscle Wednesday, strengthened on the back of upbeat data across the board. According to Automatic Data Processing (ADP), private-sector employment increased by 291,000 from December to January, on a seasonally adjusted basis.
Global Markets: Asian Stock Markets : Nikkei up 1.02%, Shanghai Composite up 1.25%, Hang Seng up 1.19%, ASX up 0.39% Commodities : Gold at $1563.65 (+0.52%), Silver at $17.67 (+0.63%), Brent Oil at $54.44 (+0.89%), WTI Oil at $50.02 (+0.83%) Rates : US 10-year yield at 1.584, UK 10-year yield at 0.551, Germany 10-year yield … Continue reading Wednesday 5th February: Asian markets continue to recover
