Global Markets: Asian Stock Markets : Nikkei down 0.72%, Shanghai Composite down 0.34%, Hang Seng down 0.76%, ASX down 0.07% Commodities : Gold at $1218.60 (-0.11%), Silver at $15.41 (-0.34%), Brent Oil at $72.16 (+0.12%), WTI Oil at $66.80 (-0.01%) Rates : US 10-year yield at 2.922, UK 10-year yield at 1.300, Germany 10-year yield … Continue reading Friday 10th August: Asian Markets Lower on Global Trade Outlook
EUR/USD: Comments from Fed’s Evans kept the USD on the winning side of the table amid trade on Thursday. Slightly more hawkish than his typically dovish stance, he argued the US economy is performing ‘very well’ and thinks one or two more rate hikes are reasonable by the end of the year. Retesting the underside … Continue reading Friday 10th August: Heavy day for the GBP – expect volatility as we head into London hours, traders.
Global Markets: Asian Stock Markets : Nikkei down 0.02%, Shanghai Composite up 1.82%, Hang Seng up 1.16%, ASX up 0.55% Commodities : Gold at $1222.00 (+0.08%), Silver at $15.46 (+0.18%), Brent Oil at $72.48 (+0.28%), WTI Oil at $67.03 (+0.13%) Rates : US 10-year yield at 2.955, UK 10-year yield at 1.317, Germany 10-year yield … Continue reading Thursday 9th August: Asian Markets Higher Amid Cautious Trade
EUR/USD: Although the single currency ended Wednesday’s segment in the green, market action was somewhat sedated. Driven by the ebb and flow of USD movement, intraday action found active sellers residing around H4 supply at 1.1632-1.1620, and willing buyers from local H4 support around the 1.1582 neighborhood. The 1.16 handle planted between these two barriers … Continue reading Thursday 9th August: China retaliates – slaps 25% tariffs on $16bln of US imports, forcing the USD into bearish territory.
