US dollar index fell sharply Tuesday, weighed by technical selling off long-term weekly resistance at 99.62 and dismal US manufacturing data. Further losses were observed Wednesday, consequently propelling Europe’s shared currency higher for a second successive session.
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Global Markets: Asian Stock Markets : Nikkei down 0.49%, Shanghai Composite down 0.92%, Hang Seng down 0.34%, ASX down 1.53% Commodities : Gold at $1482.05 (-0.47%), Silver at $17.28 (-0.12%), Brent Oil at $59.36 (+0.80%), WTI Oil at $54.27 (+1.21%) Rates : US 10-year yield at 1.659, UK 10-year yield at 0.504, Germany 10-year yield … Continue reading Wednesday 2nd October: Asian markets fall after US manufacturing data shows greater risk of slowdown.
EUR/USD’s technical landscape reveals weekly price bottoming a few points north of 1.0873, the 2016 yearly opening level. This follows a breach of long-standing demand-turned resistance area at 1.1119-1.1295 in August.
Global Markets: Asian Stock Markets : Nikkei up 0.59%, Shanghai Composite down 0.92%, Hang Seng up 0.53%, ASX up 0.81% Commodities: Gold at $1468.05 (-0.33%), Silver at $16.98 (-0.12%), Brent Oil at $59.54 (+0.49%), WTI Oil at $54.34 (+0.50%) Rates : US 10-year yield at 1.708, UK 10-year yield at 0.486, Germany 10-year yield at … Continue reading Tuesday 1st October: Asian markets tick up ahead of Australia interest-rate announcement
