Europe’s shared currency finished Monday mostly unmoved against the US dollar. In terms of risk events, sentiment among German executives has improved a little, according to the IFO Institute for Economic Research.
Global Markets: Asian Stock Markets : Nikkei up 0.78%, Shanghai Composite up 0.49%, Hang Seng up 1.59%, ASX up 0.32% Commodities : Gold at $1464.90 (-0.38%), Silver at $17.01 (-0.79%), Brent Oil at $62.59 (+0.35%), WTI Oil at $57.94 (+0.29%) Rates : US 10-year yield at 1.784, UK 10-year yield at 0.703, Germany 10-year yield … Continue reading Monday 25th November: Asian markets post gains, as investors hope for a phase-one trade deal
Longer-term flow retained a bearish tone last week, languishing south of a long-standing resistance area at 1.1119-1.1295. Further selling going forward has the lower boundary of a descending channel to target (extended from the low 1.1109), merging closely with the 2016 yearly opening level at 1.0873.
Global Markets: Asian Stock Markets : Nikkei up 0.37%, Shanghai Composite down 0.75%, Hang Seng up 0.12%, ASX up 0.55% Commodities : Gold at $1466.40 (+0.19%), Silver at $17.09 (+0.16%), Brent Oil at $63.51 (-0.72%), WTI Oil at $58.12 (-0.79%) Rates : US 10-year yield at 1.776, UK 10-year yield at 0.752, Germany 10-year yield … Continue reading Friday 22nd November: Asian markets take a pause from falls, but uncertainty limits gains
Key risk events today: French Flash Services PMI; French Flash Manufacturing PMI; German Flash Manufacturing PMI; German Flash Services PMI; EUR Flash Manufacturing PMI; EUR Flash Services PMI; UK Manufacturing PMI; UK Flash Services PMI; Canada core Retail Sales m/m; Canada Retail Sales m/m; US Flash Manufacturing PMI. Market news (Thursday): European Central Bank (ECB) … Continue reading Friday 22nd November: Euro steady ahead of manufacturing data.
