The value of the euro weakened against its US counterpart Wednesday, snapping a two-day bullish phase. A revival of USD bidding, driven by advancing US Treasury yields, weighed on the EUR/USD.
28
Feb
2019
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27
Feb
2019
Wednesday 27th February: Canadian inflation eyed in early US trade – remain vigilant.
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Pressured by declining US Treasury yields, the US dollar Index (calculated by factoring in the exchange rates of six major world currencies) extended losses Tuesday, shaking hands with its lowest level in three weeks at 95.95.
27
Feb
2019
Wednesday 27th February: Asian markets mostly higher; Investors look to Trump – Kim Jong Un meeting
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Global Markets: Asian Stock Markets : Nikkei up 0.50%, Shanghai Composite down 0.15%, Hang Seng up 0.09%, ASX up 0.36% Commodities : Gold at $1328.95 (+0.03%), Silver at $15.80 (-0.18%), Brent Oil at $65.57 (+0.32%), WTI Oil at $55.84 (+0.61%) Rates : US 10-year yield at 2.636, UK 10-year yield at 1.206, Germany 10-year yield … Continue reading Wednesday 27th February: Asian markets mostly higher; Investors look to Trump – Kim Jong Un meeting
26
Feb
2019
Tuesday 26th February: Asian markets pause for breath
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Global Markets: Asian Stock Markets : Nikkei down 0.49%, Shanghai Composite down 0.26%, Hang Seng down 0.69%, ASX down 0.94% Commodities : Gold at $1329.65 (+0.01%), Silver at $15.84 (+0.05%), Brent Oil at $64.77 (-0.22%), WTI Oil at $55.22 (-0.47%) Rates : US 10-year yield at 2.652, UK 10-year yield at 1.185, Germany 10-year yield … Continue reading Tuesday 26th February: Asian markets pause for breath
26
Feb
2019
Tuesday 26th February: Fed Chair Powell testifies in early US hours – remain vigilant around this time, traders.
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Sterling marginally breached 1.31 to the upside Monday and tested February’s opening level plotted nearby at 1.3108 (H4), following news UK Labour would support a second referendum should the Brexit deal be rejected this week.