Optimism over EU’s Juncker’s comments regarding the possibility of a breakthrough on the Irish backstop turned out to be reasonably short lived. The British pound decisively switched lower vs. the dollar Friday following various EU officials claiming the UK has still not delivered proposals compatible with the principles of the existing Withdrawal Agreement.
Global Markets: Asian Stock Markets : Nikkei up 0.09%, Shanghai Composite up 0.19%, Hang Seng up 0.15%, ASX up 0.27% Commodities : Gold at $1512.75 (+0.43%), Silver at $17.97 (+0.50%), Brent Oil at $64.69 (+0.45%), WTI Oil at $58.62 (+0.74%) Rates : US 10-year yield at 1.772, UK 10-year yield at 0.636, Germany 10-year yield … Continue reading Friday 20th September: Asian markets modestly higher despite mixed cues.
Key risk events today: Canada Core Retail Sales m/m and Retail Sales m/m. EUR/USD: EUR/USD prices head into Asia Pac hours relatively unchanged this morning, confined within Wednesday’s range at 1.1075/1.1013. In light of Thursday’s lacklustre performance, much of the following points aired in Thursday’s technical briefing will be employed today. The next port of … Continue reading Friday 20th September: Light economic calendar may draw technical levels to the forefront of action.
Global Markets: Asian Stock Markets : Nikkei up 0.38%, Shanghai Composite up 0.20%, Hang Seng down 1.30%, ASX up 0.54% Commodities : Gold at $1502.95 (-0.85%), Silver at $17.78 (-0.76%), Brent Oil at $63.88 (+0.44%), WTI Oil at $58.30 (+0.45%) Rates : US 10-year yield at 1.786, UK 10-year yield at 0.633, Germany 10-year yield … Continue reading Thursday 19th September: Asian markets mostly higher as Fed slashes rates
Key risk events today: Australia Employment Change and Unemployment Rate; BoJ Monetary Policy Statement; BoJ Press Conference; SNB Monetary Policy Assessment and Policy Rate; UK Retail Sales m/m; MPC Official Bank Rate Votes; BoE Monetary Policy Summary; BoE Official Bank Rate; BoE Asset Purchase Facility; Philly Fed Manufacturing Index. EUR/USD: The Federal Reserve, as expected, … Continue reading Thursday 19th September: Slew of Central banks take centre stage today – remain vigilant.
