Europe’s single currency staged a modest recovery after clocking near 28-month lows versus the US dollar Wednesday. A sharp intraday turnaround in US Treasury bond yields, dismal US ISM Manufacturing PMI data and help from daily demand coming in at 1.0851-1.0950 .
Global Markets: Asian Stock Markets : Nikkei up 0.03%, Shanghai Composite down 0.28%, Hang Seng down 0.44%, ASX down 0.24% Commodities: Gold at $1534.45 (+0.33%), Silver at $18.55 (+1.12%), Brent Oil at $58.63 (-0.05%), WTI Oil at $54.84 (-0.47%) Rates : US 10-year yield at 1.518, UK 10-year yield at 0.422, Germany 10-year yield at … Continue reading Tuesday 3rd September: Asian Markets mixed on trade doubts; Treasuries dip
The US dollar index, calculated by factoring in the exchange rates of six major world currencies, continued to realise higher ground Monday. Despite US banks closing in observance of Labour Day, the index clocked fresh YTD highs beyond the 99.00 handle.
Global Markets: Asian Stock Markets : Nikkei down 0.44%, Shanghai Composite up 1.38%, Hang Seng down 0.80%, ASX down 0.38% Commodities : Gold at $1532.85 (+0.23%), Silver at $18.43 (+0.50%), Brent Oil at $59.05 (-0.34%), WTI Oil at $55.09 (-0.02%) Rates : US 10-year yield at 1.499, UK 10-year yield at 0.474, Germany 10-year yield … Continue reading Monday 2nd September: Asian Markets mostly lower as new tariffs kick in – China PMI numbers surprise
Snapping a two-week bullish phase, the GBP/USD curved lower a few points south of the 2017 yearly opening level at 1.2329 (resistance) last week, set a couple of points beneath a major resistance area at 1.2365-1.2615.
