Global Markets: Asian Stock Markets : Nikkei up 0.068%, Shanghai Composite down 0.31%, Hang Seng down 0.67%, ASX down 0.23% Commodities: Gold at $1395.05 (-0.35%), Silver at $15.07 (+0.15%), Brent Oil at $64.11 (0.00%), WTI Oil at $57.57 (-0.16%) Rates : US 10-year yield at 2.037, UK 10-year yield at 0.704, Germany 10-year yield at … Continue reading Tuesday 9th July: Asian stocks fall to two-week low amidst fading hopes of Fed rate cut
Key risk events today: NAB Business Confidence; Fed Chair Powell Speaks; FOMC Members Bullard and Quarles Speak. EUR/USD: Unable to sustain early gains beyond 1.1234, the EUR/USD settled Monday a few points north of May’s opening level on the H4 timeframe at 1.1211, down 0.09% on the day. In terms of data out of Europe, … Continue reading Tuesday 9th July: Greenback regains footing as bets on aggressive US rate cuts fade.
Key risk events today: BoJ Governor Kuroda Speaks. EUR/USD: Weekly gain/loss: -1.26% Weekly close: 1.1224 Weekly perspective: Since early November 2018, a long-standing demand area at 1.1119-1.1295 has capped downside. As impressive as this is, impetus is lacking as price is unable to overthrow the 2019 yearly opening level (resistance) at 1.1445. Areas outside of … Continue reading Monday 8th July: Weekly technical outlook and review
Global Markets: Asian Stock Markets : Nikkei up 0.13%, Shanghai Composite up 0.18%, Hang Seng up 0.13%, ASX up 0.59% Commodities: Gold at $1417.35 (-0.25%), Silver at $15.27 (-0.44%), Brent Oil at $63.18 (-0.19%), WTI Oil at $56.69 (-1.13%) Rates : US 10-year yield at 1.941, UK 10-year yield at 0.675, Germany 10-year yield at … Continue reading Friday 5th July: Asian markets flat before US Payrolls test
Key risk events: Canadian Employment Change and Unemployment Rate; US Average Hourly Earnings m/m; US Non-Farm Employment Change; US Unemployment Rate. EUR/USD: Volatility fell Thursday as US traders celebrated 4th July, leaving the EUR/USD ranging no more than 25 points, with dovish comments from ECB’s Rehn doing little to help the single currency. As markets … Continue reading Friday 5th July: US non-farm payrolls takes centre stage today – remain vigilant.
