Persistent Brexit-related uncertainties continued to weigh on sterling Friday, down 0.26% against the buck. Following Wednesday’s completion of a head and shoulders topping formation off Quasimodo resistance at 1.2571.
Global Markets: Asian Stock Markets : Nikkei down 0.77%, Shanghai Composite up 0.14%, Hang Seng down 0.19%, ASX up 0.58% Commodities : Gold at $1508.75 (-0.43%), Silver at $17.68 (-1.31%), Brent Oil at $62.23 (-0.81%), WTI Oil at $56.16 (-0.44%) Rates : US 10-year yield at 1.703, UK 10-year yield at 0.525, Germany 10-year yield … Continue reading Friday 27th September: Investors spooked by political uncertainty in the US
The British pound ceded further ground to the buck Thursday, extending Wednesday’s precipitous 1.14% decline amid ongoing Brexit uncertainties and USD strength.
Global Markets: Asian Stock Markets : Nikkei up 0.02%, Shanghai Composite down 0.82%, Hang Seng up 0.06%, ASX down 0.49% Commodities : Gold at $1516.45 (+0.27%), Silver at $18.02 (-0.28%), Brent Oil at $62.24 (-0.24%), WTI Oil at $56.34 (-0.27%) Rates : US 10-year yield at 1.699, UK 10-year yield at 0.540, Germany 10-year yield … Continue reading Thursday 26th September: Investors question whether the end of the trade war is actually in sight.
The US dollar index rebounded with a vengeance yesterday, enthused by comments from Fed-voter Evans, who took a somewhat more neutral stance as he noted the US economy is ‘quite solid and is posting good growth’.
