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
Global Markets: Asian Stock Markets : Nikkei up 7.04%, Shanghai Composite up 2.34%, Hang Seng up 4.20%, ASX up 4.17% Commodities : Gold at $1598.60 (+1.98%), Silver at $13.66 (+3.02%), Brent Oil at $28.16 (+4.18%), WTI Oil at $24.52 (+4.97%) Rates : US 10-year yield at 0.824, UK 10-year yield at 0.424, Germany 10-year yield … Continue reading Tuesday 24th March: Asian markets gain on Fed’s open ended QE.
Key risk events today: Eurozone, UK and US Manufacturing and Services PMIs; Richmond Manufacturing Index. (Previous analysis as well as outside sources – italics). EUR/USD: EUR/USD traded within a near-200-point range Monday between 1.0828/1.0635, as worldwide governments and central banks attempt to control the spread of COVID-19 and a global recession. In recent news, the … Continue reading Tuesday 24th March: Technical Outlook and Review
