Strengthened on the back of USD selling across the board Friday, the British pound rose higher and revisited supply fixed from 1.2588-1.2568. What’s interesting from a technical perspective is the area residing north of the supply.
Global Markets: Asian Stock Markets : Nikkei up 0.20%, Shanghai Composite up 0.53%, Hang Seng up 0.22%, ASX down 0.29% Commodities : Gold at $1408.55 (+0.13%), Silver at $15.15 (+0.04%), Brent Oil at $67.00 (+0.72%), WTI Oil at $60.60 (+0.66%) Rates : US 10-year yield at 2.127, UK 10-year yield at 0.837, Germany 10-year yield … Continue reading Friday 12th July: Asian markets edge up as Singapore flirts with recession
Key risk events today: MPC Member Vlieghe Speaks; US PPI m/m and Core PPI m/m. EUR/USD: The US dollar set the tone Thursday, with CPI inflation figures coming in better than expected. This weighed on the EUR/USD, topping out just south of the 1.13 handle at a H4 supply area drawn from 1.1288-1.1273. Traders short … Continue reading Friday 12th July: Dollar index steady around 97.00 ahead of producer price index release.
Global Markets: Asian Stock Markets : Nikkei up 0.46%, Shanghai Composite up 0.01%, Hang Seng up 0.70%, ASX up 0.39% Commodities: Gold at $1422.85 (+0.73%), Silver at $15.27 (+0.31%), Brent Oil at $67.27 (+0.39%), WTI Oil at $60.69 (+0.43%) Rates : US 10-year yield at 2.042, UK 10-year yield at 0.766, Germany 10-year yield at … Continue reading Thursday 11th July: Asian markets rise on renewed hopes of Fed’s rate cut
Key risk events today: BoE Financial Stability Report; ECB Monetary Policy Meeting Accounts; US CPI m/m and Core CPI m/m; RBA Assist Gov. Debelle Speaks; Fed Chair Powell Testifies; FOMC Member Quarles Speaks. EUR/USD: The broad US dollar index fell sharply Wednesday following the Semi-Annual Testimony statement from Federal Reserve chief Jerome Powell. Powell’s comments … Continue reading Thursday 11th July: Dollar remains under pressure following Powell’s dovish comments.
