Despite Monday’s firm opening, The US dollar index’s recent advance, aided by an upbeat US Non-Manufacturing PMI reading, took a bite out of the British pound Tuesday, shedding more than 45 points, or 0.37%.
Global Markets: Asian Stock Markets : Nikkei up 1.60%, Shanghai Composite up 0.60%, Hang Seng up 0.49%, ASX up 1.35% Commodities : Gold at $1568.95 (+0.01%), Silver at $18.23 (+0.30%), Brent Oil at $68.28 (-0.91%), WTI Oil at $62.74 (-0.84%) Rates : US 10-year yield at 1.816, UK 10-year yield at 0.772, Germany 10-year yield … Continue reading Tuesday 7th January: Asian markets higher as investors re-assess Middle East tensions
EUR/USD buyers entered an offensive phase Monday, adding 35 points, or 0.34%. The pair gathered traction on the back of upbeat Eurozone services PMIs and a better-than-anticipated Sentix index, released early London.
Global Markets: Asian Stock Markets : Nikkei down 1.91%, Shanghai Composite down 0.01%, Hang Seng down 1.11%, ASX up 0.03% Commodities : Gold at $1576.65 (+1.56%), Silver at $18.42 (+1.47%), Brent Oil at $70.19 (+2.32%), WTI Oil at $64.31 (+2.00%) Rates : US 10-year yield at 1.779, UK 10-year yield at 0.736, Germany 10-year yield … Continue reading Monday 6th January: Asian markets lower as Middle East tensions flare up
After challenging monthly highs at 1.1293 Wednesday, EUR/USD shifted lower and concluded the week revisiting the 200-day SMA , positioned a few points north of the 50-day SMA (blue – 1.1088).
