Sterling savoured another stellar week, notching gains in excess of 300 points and closing not too far off session highs at 1.2989. Technically, focus has shifted to supply at 1.3472-1.3204 and long-term trend line resistance (etched from the high 1.5930), following last week’s dominant push through the 2019 yearly opening level at 1.2739.
The pound remained at the mercy of breaking Brexit news Thursday, with early reports that the DUP is still dissatisfied with the draft proposals drawn up by UK and EU negotiators.
Global Markets: Asian Stock Markets : Nikkei down 0.09%, Shanghai Composite down 0.05%, Hang Seng up 0.53%, ASX down 0.77% Commodities : Gold at $1494.10 (+0.01%), Silver at $17.43 (-0.01%), Brent Oil at $58.88 (-0.91%), WTI Oil at $52.84 (-0.97%) Rates : US 10-year yield at 1.731, UK 10-year yield at 0.673, Germany 10-year yield … Continue reading Thursday 17th October: Asian stocks mostly lower on weakened sentiment; Hong Kong gains
Thanks to sub-standard US retail sales and ongoing Brexit-related optimism, EUR/USD bulls continued to strengthen their grip Wednesday, adding more than 40 points and recording a second successive gain.
Global Markets: Asian Stock Markets : Nikkei up 1.25%, Shanghai Composite down 0.24%, Hang Seng up 0.32%, ASX up 1.27% Commodities : Gold at $1487.35 (+0.26%), Silver at $17.45 (+0.40%), Brent Oil at $58.85 (+0.19%), WTI Oil at $52.91 (+0.19%) Rates : US 10-year yield at 1.747, UK 10-year yield at 0.699, Germany 10-year yield … Continue reading Wednesday 16th October: Asian stocks gain on Wall Street cues.
