Europe’s shared currency extended losses for a third successive session Thursday. Erasing more than 200 points and registering 37-month lows at 1.0654, EUR/USD tunnelled through a number of key technical supports, including the 1.0777 level and the 1.07 handle.
Global Markets: Asian Stock Markets : Nikkei down 1.04%, Shanghai Composite down 0.98%, Hang Seng down 2.36%, ASX down 3.44% Commodities : Gold at $1490.90 (+0.88%), Silver at $12.08 (+2.62%), Brent Oil at $26.65 (+7.11%), WTI Oil at $23.72 (+13.87%) Rates : US 10-year yield at 1.231, UK 10-year yield at 0.868, Germany 10-year yield … Continue reading Thursday 19th March: ECB measures fail to rescue markets.
Key risk events today: RBA Gov Lowe Speaks; SNB Monetary Policy Assessment and Policy Rate; Philly Fed Manufacturing Index. (Previous analysis as well as outside sources – italics). EUR/USD: The euro ceded further ground against the US dollar Wednesday, shedding more than 100 points. The US dollar index, or DXY, remained on the offensive, reaching … Continue reading Thursday 19th March: Dollar Remains Bid at Multi-Year Highs.
Global Markets: Asian Stock Markets : Nikkei down 1.68%, Shanghai Composite down 1.83%, Hang Seng down 4.46%, ASX down 6.43% Commodities : Gold at $1504.40 (-1.40%), Silver at $12.46 (-0.30%), Brent Oil at $28.41 (-1.11%), WTI Oil at $26.80 (-1.94%) Rates : US 10-year yield at 1.067, UK 10-year yield at 0.577, Germany 10-year yield … Continue reading Wednesday 18th March: Australian Markets lower on broad based losses.
Key risk events today: Canada Inflation; US Building Permits. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s shared currency went back to playing on the defensive against the US dollar Tuesday, shedding more than 1.50%, aided by a grim ZEW survey out of Germany. EUR/USD H4 dipped its toes south of the … Continue reading Wednesday 18th March: Dollar Index Remains Enthusiastic Though Testing Resistance at 99.62
