Global Markets: Asian Stock Markets : Nikkei up 0.05%, Shanghai Composite down 0.34%, Hang Seng down 0.17%, ASX down 0.12% Commodities : Gold at $1215.90 (-0.34%), Silver at $15.31 (-0.49%), Brent Oil at $73.34 (-0.15%), WTI Oil at $68.95 (-0.01%) Rates : US 10-year yield at 2.988, UK 10-year yield at 1.381, Germany 10-year yield … Continue reading Friday 3rd August: Asian Markets Give Up Early Gain; Dollar Brushes 2 week High
EUR/USD: The single currency lost considerable ground against its US counterpart on Thursday, consequently breaching a H4 trend line support (etched from the low 1.1508) and the psychological number 1.16. Bolstered by a stronger USD across the board (the DXY recently reclaimed 95.00 status), H4 action is now seen hovering just north of a demand … Continue reading Friday 3rd August: Non-farm payrolls takes center stage today – expect volatile moves!
Global Markets: Asian Stock Markets : Nikkei down 1.06%, Shanghai Composite down 2.75%, Hang Seng down 2.39%, ASX down 0.43% Commodities : Gold at $1218.20 (+0.02%), Silver at $15.42 (-0.24%), Brent Oil at $72.56 (+0.23%), WTI Oil at $67.73 (+0.10%) Rates : US 10-year yield at 2.990, UK 10-year yield at 1.391, Germany 10-year yield … Continue reading Thursday 2nd August: Asian Markets Lower On Trade Worries; Bonds Fragile
EUR/USD: As expected, the FOMC kept rates unchanged between 1.75-2.00% on Wednesday, and made minor tweaks to its policy statement. Risk sentiment overshadowed the Fed's announcement as the US is expected to apply a 25% tariffs on $200B of Chinese goods. In terms of recent US data, ISM manufacturing slipped to a 12-month low, missing … Continue reading Thursday 2nd August: BoE take to the stage today – expect volatility in GBP-related assets!
