Europe’s single currency attempted a comeback against the buck off the 61.8% Fibonacci retracement ratio at 1.1053 on the H4 scale, a touch north of March’s opening level at 1.1045, after free falling from highs at 1.1333.
Global Markets: Asian Stock Markets : Nikkei down 4.41%, Shanghai Composite down 1.52%, Hang Seng down 3.72%, ASX down 7.36% Commodities : Gold at $1635.30 (-0.43%), Silver at $16.61 (-0.99%), Brent Oil at $34.34 (-4.05%), WTI Oil at $31.70 (-3.88%) Rates : US 10-year yield at 0.766, UK 10-year yield at 0.280, Germany 10-year yield … Continue reading Thursday 12th March: Markets in the red as Trump puts travel restrictions on travelers from Europe
Europe’s shared currency coasted lower Wednesday, fading session peaks at 1.1366. As markets ready themselves for the European Central Bank, H4 price is seen languishing marginally south of 1.13, testing lows of 1.1257. US inflation data (CPI) announced modestly optimistic figures in February, though was largely ignored by market price.
Global Markets: Asian Stock Markets : Nikkei down 2.27%, Shanghai Composite down 0.94%, Hang Seng down 1.12%, ASX down 3.60% Commodities : Gold at $1666.20 (+0.36%), Silver at $17.07 (+0.70%), Brent Oil at $37.42 (+0.54%), WTI Oil at $34.30 (-0.17%) Rates : US 10-year yield at 0.677, UK 10-year yield at 0.281, Germany 10-year yield … Continue reading Wednesday 11th March: Markets lose steam as investors gauge US measures.
Sentiment somewhat steadied Tuesday, prompting a rebound in US Treasury yields and the US dollar index. The DXY reclaimed 96.00 to the upside and is poised to shake hands with 96.50.
