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Global Markets: Asian stock markets: Nikkei down 1.38%, Shanghai Composite down 0.99%, Hang Seng down 1.47%, ASX fell 0.68% Commodities: Gold at $1319.10 (+0.05%), Silver at $16.330 (-1.33%), WTI Oil at $62.73 (-0.44%), Brent Oil at $66.31 (-0.32%) Rates: US 10-year yield at 2.901, UK 10-year yield at 1.553, German 10-year yield at 0.676 News … Continue reading Wednesday 28th February: Powell, China disappoint

EUR/USD:    Influenced by Fed Powell’s first congressional testimony, the EUR/USD suffered a blow to the mid-section on Tuesday. The new Federal Reserve Chairman stressed that the economic outlook remained strong and foresees a tightening cycle continuing at a gradual pace over the 2018-2020 period, thus bolstering the US dollar. Amid the recent selloff, the … Continue reading Wednesday 28th February: US prelim GDP figures q/q on the radar.

Global Markets: Asian stock markets: Nikkei up 1.04%, Shanghai Composite down 1.15%, Hang Seng down 0.53%, ASX up 0.24% Commodities: Gold at $1334.80 (+0.15%), Silver at $16.590 (+0.14%), WTI Oil at $63.88 (-0.05%), Brent Oil at $67.25 (-0.06%) Rates: US 10-year yield at 2.857, UK 10-year yield at 1.505, German 10-year yield at 0.657 News … Continue reading Tuesday 27th February: Asian markets extend gains, all eyes on Powell