Europe’s shared currency tumbled for a fifth successive session against the buck Tuesday, pulled lower on weak German ZEW Economic Sentiment for February and the Federal Reserve Bank of New York’s Empire State Manufacturing Index also rising sharply in February.
Global Markets: Asian Stock Markets : Nikkei down 1.40%, Shanghai Composite down 0.04%, Hang Seng down 1.42%, ASX down 0.16% Commodities : Gold at $1588.25 (+0.12%), Silver at $17.81 (+0.44%), Brent Oil at $57.09 (-1.01%), WTI Oil at $51.98 (-0.65%) Rates : US 10-year yield at 1.558, UK 10-year yield at 0.642, Germany 10-year yield … Continue reading Tuesday 18th February: Apple’s warning drives markets lower
After refreshing multi-year lows at 1.0827 Friday, EUR/USD struggled to find direction Monday as US banks closed in observance of Presidents’ Day – confined within a tight range between 1.0851/1.0829.
Global Markets: Asian Stock Markets : Nikkei down 0.69%, Shanghai Composite up 2.28%, Hang Seng up 0.51%, ASX down 0.07% Commodities : Gold at $1585.05 (-0.09%), Silver at $17.85 (+0.64%), Brent Oil at $57.37 (+0.09%), WTI Oil at $52.41 (+0.17%) Rates : US 10-year yield at 1.588, UK 10-year yield at 0.616, Germany 10-year yield … Continue reading Monday 17th February: Asian markets mixed as Japanese economy shrinks much more than expected
EUR/USD held on to the bulk of its losses last week, down more than 1.00% at the close of trade. The 2016 yearly opening level from 1.0873 ceded ground, consequently exposing channel support, taken from the low 1.1109. Further supporting sellers is the primary trend, down since topping in early 2018, at 1.2555.
