EUR/USD: The minutes of the FOMC’s July/August meeting hinted at a September hike, though in chorus added a mildly dovish note. The central bank warned escalation of trade disputes was a potential downside risk to the economy. The Fed’s latest movement produced a H1 bearish pin-bar formation on the EUR/USD that pierced through the 1.16 … Continue reading Thursday 23rd August: Jackson Hole symposium in focus.
Global Markets: Asian Stock Markets : Nikkei up 0.26%, Shanghai Composite down 0.34%, Hang Seng down 0.75%, ASX down 0.29% Commodities : Gold at $1197.50 (-0.48%), Silver at $14.61 (-0.98%), Brent Oil at $74.61 (-0.23%), WTI Oil at $67.88 (+0.03%) Rates : US 10-year yield at 2.814, UK 10-year yield at 1.267, Germany 10-year yield … Continue reading Thursday 23rd August: Asian Markets lower as fresh US tariffs hit China today
Global Markets: Asian Stock Markets : Nikkei up 0.54%, Shanghai Composite down 0.52%, Hang Seng up 0.51%, ASX down 0.34% Commodities : Gold at $1201.50 (+0.13%), Silver at $14.76 (-0.04%), Brent Oil at $72.87 (+0.33%), WTI Oil at $66.15 (+0.47%) Rates : US 10-year yield at 2.826, UK 10-year yield at 1.267, Germany 10-year yield … Continue reading Wednesday 22nd August: Asian Markets mixed; political headwinds in the US
EUR/USD: Trump’s disapproval of the Fed continued to weigh on the greenback on Tuesday, down 0.54% on the day (US dollar index). This, as you can see, helped support a retest off the 1.15 handle on the EUR/USD, and pulled the unit towards H4 supply at 1.1607-1.1576, which happens to encase 1.16 and a 61.8% … Continue reading Wednesday 22nd August: FOMC minutes eyed – comments on Fed independence will garner focus.
