Tuesday 31st March: Asian Markets largely positive after China PMI data rebounds

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Global Markets: Asian Stock Markets : Nikkei down 0.88%, Shanghai Composite up 0.11%, Hang Seng up 1.32%, ASX down 2.02% Commodities : Gold at $1637.30 (-0.36%), Silver at $14.33 (+1.42%), Brent Oil at $26.83 (+1.55%), WTI Oil at $21.19 (+5.48%) Rates : US 10-year yield at 0.710, UK 10-year yield at 0.393, Germany 10-year yield … Continue reading Tuesday 31st March: Asian Markets largely positive after China PMI data rebounds

Tuesday 31st March: Technical Outlook and Review

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Key risk events today: China Manufacturing PMI; China Non-Manufacturing PMI; UK Current Account; Canada GDP m/m; Chicago PMI; US CB Consumer Confidence. (Previous analysis as well as outside sources – italics). EUR/USD: Monday had the US dollar index put in a stronger-than-expected recovery, firming north of 99.00 and reclaiming a large portion of Friday’s losses. … Continue reading Tuesday 31st March: Technical Outlook and Review

Monday 30th March: Weekly Technical Outlook and Review

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Major US benchmarks slumped Friday, snapping a three-day bullish phase as investors’ focus remains on the economic fallout from the coronavirus pandemic. The Dow Jones Industrial Average declined 915.39 points, or 4.06%; the S&P 500 also erased 88.60 points, or 3.3%, and the tech-heavy Nasdaq 100 concluded lower by 308.75 points, or 3.91%.