Key risk events today: European Central Bank (ECB) Monetary Policy Meeting Accounts; Philly Fed Manufacturing Index; Bank of Canada (BoC) Governor Stephen Poloz Speaks. Market news (Wednesday): The minutes of the October Fed meeting stated most participants thought this year’s rate cuts would be sufficient to support moderate growth. All in all, the Fed minutes … Continue reading Thursday 21st November: Technical analysis and review.
Global Markets: Asian Stock Markets : Nikkei down 0.62%, Shanghai Composite down 0.82%, Hang Seng down 0.81%, ASX down 1.35% Commodities : Gold at $1475.60 (+0.09%), Silver at $17.12 (-0.01%), Brent Oil at $60.73 (-0.30%), WTI Oil at $55.26 (-0.16%) Rates : US 10-year yield at 1.750, UK 10-year yield at 0.731, Germany 10-year yield … Continue reading Wednesday 20th November: Asian markets lower as Trump threatens increased tariffs
Key risk events today: Canada CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y; Crude Oil Inventories; FOMC Meeting Minutes. Market news (Tuesday): Reserve Bank of Australia (RBA): Minutes from the RBA’s November meeting revealed the board is prepared to ease policy further, if needed, and agreed a case could be made for … Continue reading Wednesday 20th November: Markets largely unmoved ahead of FOMC.
Global Markets: Asian Stock Markets : Nikkei down 0.39%, Shanghai Composite up 0.45%, Hang Seng up 1.00%, ASX up 0.70% Commodities : Gold at $1470.35 (-0.11%), Silver at $17.01 (+0.05%), Brent Oil at $62.35 (-0.14%), WTI Oil at $57.02 (-0.21%) Rates : US 10-year yield at 1.808, UK 10-year yield at 0.740, Germany 10-year yield … Continue reading Tuesday 19th November: Asian markets jittered as trade deal seems elusive
Europe’s single currency kicked off the week in reasonably robust fashion, gliding to highs of 1.1090 before mildly paring gains into the close. Tops (green arrow) around the 1.1090 neighbourhood on the H4 timeframe is likely viewed as resistance in this market, as is the 1.11 handle.
