Key risk events today: Limited. (Previous analysis as well as outside sources – italics) EUR/USD: Dollar trade softened vs. all G10 counterparts Thursday, following weekly US initial claims soaring by nearly 3.3 million, setting a fresh all-time high, due to the coronavirus. With the dollar index languishing sub 100.00, EUR/USD firmed through the widely watched … Continue reading Friday 27th March: Technical Outlook and Review.
Global Markets: Asian Stock Markets : Nikkei down 4.51%, Shanghai Composite down 0.60%, Hang Seng down 0.98%, ASX up 2.30% Commodities : Gold at $1616.60 (-1.03%), Silver at $14.49 (-2.59%), Brent Oil at $26.79 (-2.19%), WTI Oil at $23.73 (-3.10%) Rates : US 10-year yield at 0.813, UK 10-year yield at 0.441, Germany 10-year yield … Continue reading Thursday 26th March: Markets look forward to US unemployment numbers.
Key risk events today: UK Retail Sales m/m; BoE Official Bank Rate Votes, Monetary Policy Summary, Official Bank Rate; US Unemployment Claims; US Final GDP q/q. (Previous analysis as well as outside sources – italics). EUR/USD: Euro bulls remained on the offensive Wednesday as the US dollar index, or DXY, continues its descent, tackling the … Continue reading Thursday 26th March: Pound Trades from Heavyweight Resistance Ahead of BoE
Global Markets: Asian Stock Markets : Nikkei up 8.13%, Shanghai Composite up 2.17%, Hang Seng up 3.97%, ASX up 5.54% Commodities : Gold at $1646.35 (-0.87%), Silver at $14.44 (+1.25%), Brent Oil at $27.55 (+1.47%), WTI Oil at $24.49 (+2.00%) Rates : US 10-year yield at 0.853, UK 10-year yield at 0.466, Germany 10-year yield … Continue reading Wednesday 25th March: Markets raise on US stimulus news.
Key risk events today: German Final IFO Business Climate; UK Inflation; US Core Durable Goods Orders m/m and Durable Goods Orders m/m. (Previous analysis as well as outside sources – italics). EUR/USD: The tail end of London’s session Tuesday had Europe’s shared currency firmer against the buck, though off best levels from a 38.2% Fibonacci … Continue reading Wednesday 25th March: DXY Continues to Retreat; Eyes 101.00
