Key risk events today: Spanish Flash GDP q/q; Euro CPI Flash Estimate y/y and Core CPI Flash Estimate y/y; US ADP Non-Farm Employment Change; CAD GDP m/m and RMPI m/m; US Employment Cost Index q/q; Chicago PMI; FOMC Statement, Federal Funds Rate and Press Conference. EUR/USD: Europe’s single currency mildly extended its weekly gains Tuesday, … Continue reading Wednesday 31st July: Dollar holding north of 98.00 as Fed focus takes centre stage.
Global Markets: Asian Stock Markets : Nikkei up 0.46%, Shanghai Composite up 0.40%, Hang Seng up 0.29%, ASX up 0.35% Commodities: Gold at $1423.10 (+0.19%), Silver at $16.45 (+0.05%), Brent Oil at $64.03 (+0.64%), WTI Oil at $57.27 (+0.70%) Rates : US 10-year yield at 2.060, UK 10-year yield at 0.652, Germany 10-year yield at … Continue reading Tuesday 30th July: Asian markets gain after BoJ announcement, ahead of Sino-US talks
Key risk events today: BoJ Outlook Report, Monetary Policy Statement and Press Conference; German Prelim CPI m/m; US Core PCE Price Index m/m and Personal Spending m/m; US CB Consumer Confidence. EUR/USD: Europe’s single currency entered a somewhat subdued state Monday, unable to close outside of Friday’s range. Consequent to yesterday’s lacklustre performance, much of … Continue reading Tuesday 30th July: Sterling sinks to 28-month low amid Brexit fears.
Global Markets: Asian Stock Markets : Nikkei down 0.38%, Shanghai Composite down 0.15%, Hang Seng down 1.52%, ASX up 0.48% Commodities : Gold at $1417.85 (-0.10%), Silver at $16.38 (-0.09%), Brent Oil at $63.06 (-0.49%), WTI Oil at $56.03 (-0.30%) Rates : US 10-year yield at 2.070, UK 10-year yield at 0.685, Germany 10-year yield … Continue reading Monday 29th July: Asian stocks lower despite positive US cues
The British pound has been grinding lower against its US counterpart, gradually tunnelling through bids residing within long-standing demand at 1.2365-1.2615.
