Federal Reserve Chairman Jerome Powell, in his testimony to the Congressional Joint Economic Committee, largely stuck to the script – policy on hold unless there is a meaningful change in the outlook.
14
Nov
2019
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13
Nov
2019
Wednesday 13th November: Asian markets fall as tensions from Hong Kong’s turmoil spills over
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Global Markets: Asian Stock Markets : Nikkei down 0.85%, Shanghai Composite down 0.41%, Hang Seng down 2.09%, ASX down 0.81% Commodities : Gold at $1463.15 (+0.65%), Silver at $16.92 (+1.35%), Brent Oil at $61.77 (-0.47%), WTI Oil at $56.56 (-0.42%) Rates : US 10-year yield at 1.921, UK 10-year yield at 0.813, Germany 10-year yield … Continue reading Wednesday 13th November: Asian markets fall as tensions from Hong Kong’s turmoil spills over
13
Nov
2019
Wednesday 13th November: Technical analysis and review.
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Despite kicking off the week strongly, GBP/USD movement entered a reasonably narrow consolidation Tuesday, between 1.2873/1.2815. On the data front, unemployment in the UK ticked lower by 3.8% vs. 3.9%, while average earnings reported a 3.6% decline vs. 3.7%, revised from 3.8%.
12
Nov
2019
Tuesday 12th November: Asian markets look for direction
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Global Markets: Asian Stock Markets : Nikkei up 0.81%, Shanghai Composite down 0.08%, Hang Seng up 0.31%, ASX down 0.29% Commodities : Gold at $1453.65 (-0.24%), Silver at $16.80 (0.00%), Brent Oil at $62.40 (+0.35%), WTI Oil at $57.05 (+0.33%) Rates : US 10-year yield at 1.935, UK 10-year yield at 0.811, Germany 10-year yield … Continue reading Tuesday 12th November: Asian markets look for direction
12
Nov
2019
Tuesday 12th November: Dollar snaps five-day winning streak; a retest of 98.00 likely in store.
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Key risk events today: UK Average Earnings Index 3m/y; UK Claimant Count Change; UK Unemployment Rate; German ZEW Economic Sentiment; FOMC Member Clarida Speaks. EUR/USD: EUR/USD movement opened the new week a shade higher, consequently snapping a five-day bearish phase from 1.1175. The dollar index, or DXY, receded from highs of 98.40, poised to revisit … Continue reading Tuesday 12th November: Dollar snaps five-day winning streak; a retest of 98.00 likely in store.