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Global Markets: Asian Stock Markets : Nikkei up 0.32%, Shanghai Composite down 0.17%, Hang Seng up 0.10%, ASX down 0.63% Commodities: Gold at $1496.05 (-1.00%), Silver at $17.92 (-1.35%), Brent Oil at $62.83 (+0.38%), WTI Oil at $58.11 (+0.45%) Rates : US 10-year yield at 1.644, UK 10-year yield at 0.589, Germany 10-year yield at … Continue reading Tuesday 10th September: Asian market mixed on Chinese economic data and ahead of central bank meetings

Europe’s single currency managed to eke out gains versus its US counterpart Monday, although movement was watered-down by the absence of macroeconomic data and a wait-and-see stance ahead of the European Central Bank’s monetary policy meeting later this week.

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 .

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.

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.