Global Markets: Asian stock markets: Nikkei down 2.41%, Shanghai Composite down 0.40%, Hang Seng down 1.34%, ASX down 0.74% Commodities: Gold at $1319.10 (+1.06%), Silver at $16.395 (+1.20%), WTI Oil at $61.03 (+0.07%), Brent Oil at $64.00 (+0.27%) Rates: US 10-year yield at 2.812, UK 10-year yield at 1.464, German 10-year yield at 0.638 News … Continue reading Friday 2nd March: Prospects of Trade Wars spook markets
EUR/USD: After dropping sharply the past couple of days, the euro found a floor of bids just ahead of a H4 demand base located at 1.2111-1.2134. H4 price reclaimed the 1.22 handle and aggressively climbed to highs of 1.2272, which, as far as we can see, was largely led by fears over Trump’s recent … Continue reading Friday 2nd March: GBP in focus as both PM May and BoE Gov. Carney take to the stage today
Global Markets: Asian stock markets: Nikkei down 1.58%, Shanghai Composite up 0.12%, Hang Seng down 0.27%, ASX down 0.71% Commodities: Gold at $1314.40 (-0.27%), Silver at $16.250 (-0.45%), WTI Oil at $61.66 (+0.03%), Brent Oil at $64.68 (-0.08%) Rates: US 10-year yield at 2.866, UK 10-year yield at 1.507, German 10-year yield at 0.655 News … Continue reading Thursday 1st March: Dollar gains, Wall Street records worst month in more than an year
EUR/USD: Across the board, the Powell-driven dollar continued to flex its financial muscle on Wednesday, climbing above the 90.50 milestone. This eventually saw the EUR/USD conquer the 1.22 handle, and potentially set the stage for a move down to H4 demand plotted at 1.2111-1.2134 (not seen on the screen). According to the weekly timeframe, … Continue reading Thursday 1st March: Fed’s Powell to testify on the semiannual monetary policy report before the Senate Banking Committee
