Key risk events today: German Prelim CPI m/m; US Final GDP q/q. EUR/USD: EUR/USD prices head into Asia Pac hours unchanged, by way of a clear-cut daily indecision candle. Macroeconomic data out of the US was largely ignored Wednesday – durable goods orders declined in May 1.3%, with core durable goods orders rising 0.3%. Technically … Continue reading Thursday 27th June: Dollar robust ahead of 96.00 ahead of US final GDP data.
Global Markets: Asian Stock Markets : Nikkei down 0.51%, Shanghai Composite down 0.20%, Hang Seng up 0.15%, ASX down 0.26% Commodities : Gold at $1412.05 (-0.47%), Silver at $15.21 (-0.57%), Brent Oil at $65.37 (+1.70%), WTI Oil at $59.08 (+2.16%) Rates : US 10-year yield at 2.004, UK 10-year yield at 0.793, Germany 10-year yield … Continue reading Wednesday 26th June: Asian markets extend losses on pretext of lowered expectations for Fed rate cut and trade talks
Key risk events today: New Zealand Official Cash Rate and RBNZ Rate Statement; UK Inflation Report Hearings; US Core Durable Goods Orders m/m; US Durable Goods Orders m/m. EUR/USD: The shared currency concluded Tuesday’s session snapping a 4-day winning streak (supported by momentum flows after last week’s dovish FOMC), after shaking hands with a H4 … Continue reading Wednesday 26th June: Dollar snaps four-day losing streak and forms daily bullish engulfing candle.
Global Markets: Asian Stock Markets : Nikkei down 0.57%, Shanghai Composite down 1.10%, Hang Seng down 1.17%, ASX down 0.11% Commodities: Gold at $1431.10 (+0.91%), Silver at $15.39 (+0.07%), Brent Oil at $63.98 (-0.31%), WTI Oil at $57.69 (-0.36%) Rates : US 10-year yield at 2.002, UK 10-year yield at 0.812, Germany 10-year yield at … Continue reading Tuesday 25th June: Asian shares dwindle ahead of G-20
Key risk events today: RBA Assist Gov Bullock Speaks; OPEC Meetings; FOMC Member Williams Speaks; US CB Consumer Confidence; US Richmond Manufacturing Index; Fed Chair Powell Speaks. EUR/USD: The greenback began the week on soft footing, testing and marginally surpassing the 96.00 handle (dollar index). This elevated the euro to a fresh three-month high at … Continue reading Tuesday 25th June: Dollar continues edging lower on rate-cut expectation.
