Global Markets: Asian Stock Markets : Nikkei down 0.21%, Shanghai Composite down 0.55%, Hang Seng down 0.67%, ASX down 0.41% Commodities : Gold at $1737.95 (-0.81%), Silver at $17.75 (-1.59%), Brent Oil at $36.28 (+1.48%), WTI Oil at $34.16 (+2.00%) Rates : US 10-year yield at 0.669, UK 10-year yield at 0.203, Germany 10-year yield … Continue reading Thursday 21st May: Asian markets lose on Japan data.
Key risk events today: RBA Gov Lowe Speaks; French Flash Services PMI and Flash Manufacturing PMI; German Flash Manufacturing PMI and Flash Services PMI; Euro Flash Manufacturing PMI and Flash Services PMI; UK Flash Services PMI and Flash Manufacturing PMI; Philly Fed Manufacturing Index; US Unemployment Claims; US Flash Manufacturing PMI and Flash Services PMI; … Continue reading Thursday 21st May: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 0.79%, Shanghai Composite down 0.51%, Hang Seng down 0.13%, ASX up 0.24% Commodities : Gold at $1753.30 (+0.44%), Silver at $17.98 (+0.42%), Brent Oil at $34.74 (+0.26%), WTI Oil at $31.87 (-0.28%) Rates : US 10-year yield at 0.695, UK 10-year yield at 0.232, Germany 10-year yield … Continue reading Wednesday 20th May: Asian markets mixed as virus vaccine rally gives up.
Key risk events today: UK Inflation; Canada Inflation; BoE Gov. Bailey Speaks; FOMC Meeting Minutes. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s shared currency extended Monday’s vigorous recovery against the US dollar on Tuesday, scoring highs at 1.0976. EUR/USD, as you can see, tested H4 Quasimodo resistance at 1.0972, missing a … Continue reading Wednesday 20th May: Technical Outlook and Review.
The euro kicked off the week strongly amid heightened risk appetite. EUR/USD rebounded from 1.08 following a slowing in Eurozone COVID-19 cases and reports France and Germany are now backing joint EU debt issuance.
