Global Markets: Asian Stock Markets : Nikkei up 0.55%, Shanghai Composite up 0.73%, Hang Seng up 0.20%, ASX down 0.52% Commodities : Gold at $1327.10 (+0.22%), Silver at $16.29 (+0.23%), WTI Oil at $68.92 (+0.23%), Brent Oil at $64.64 (+0.40%) Rates : US 10-year yield at 2.775, UK 10-year yield at 1.369, Germany 10-year yield … Continue reading Thursday 29th March: Markets mixed in subdued trade
EUR/USD: The US dollar closed in the green for a second consecutive day on Wednesday, climbing above 90.00 and now eyeing the 90.50 level which marks the top-end of its recent range. US Q4 GDP growth also came in above expectations (2.9% vs. 2.7%) while Pending Home Sales rebounded 3.1%. Once the euro closed below … Continue reading Thursday 29th March: Keep tabs on GBP-related markets amid London morning trade as a slew of economic data is scheduled for release
Global Markets: Asian Stock Markets : Nikkei down 1.80%, Shanghai Composite down 1.36%, Hang Seng down 1.76%, ASX down 0.73% Commodities : Gold at $1341.10 (-0.07%), Silver at $16.50 (-0.25%), WTI Oil at $68.89 (-0.82%), Brent Oil at $64.66 (-0.90%) Rates : US 10-year yield at 2.784, UK 10-year yield at 1.413, Germany 10-year yield … Continue reading Wednesday March 28th: Tech companies drag markets down
EUR/USD: Unable to sustain gains beyond the H4 mid-level resistance at 1.2450 on Tuesday, the shared currency fell sharply on the back of less-than-stellar EUR M3 money supply y/y and a dovish dose of ECB chatter. The move forced price though bids at February’s opening level drawn from 1.2417 and the 1.24 handle. Support, as … Continue reading Wednesday 28th March: Keep an eye on the strong support seen on the US dollar index at 88.50
