Key risk events today: UK Final Services PMI; US Average Hourly Earnings m/m; US Non-Farm Employment; US Unemployment Rate; US ISM Non-Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Although dipping briefly in response to the latest record weekly US claims figure soaring to 6.6 million, the buck quickly rebounded Thursday … Continue reading Friday 3rd April: DXY Bid Dominates Ahead of NFP
Global Markets: Asian Stock Markets : Nikkei down 1.37%, Shanghai Composite up 1.69%, Hang Seng up 0.29%, ASX down 1.98% Commodities : Gold at $1608.80 (+1.09%), Silver at $14.36 (+2.71%), Brent Oil at $27.29 (+10.31%), WTI Oil at $22.20 (+9.31%) Rates : US 10-year yield at 0.608, UK 10-year yield at 0.324, Germany 10-year yield … Continue reading Thursday 2nd April: Asian Markets lower as US posts grim forecast of Corona deaths.
The US dollar index is on track to net a solid start to Q2, though is currently trading off best levels ahead of 100.00 in wake of the final Markit manufacturing PMI for March and ISM surveys.
Global Markets: Asian Stock Markets : Nikkei down 4.50%, Shanghai Composite down 0.57%, Hang Seng down 2.59%, ASX up 3.58% Commodities : Gold at $1599.75 (+0.20%), Silver at $14.10 (-0.38%), Brent Oil at $25.57 (-2.96%), WTI Oil at $20.71 (+1.12%) Rates : US 10-year yield at 0.618, UK 10-year yield at 0.298, Germany 10-year yield … Continue reading Wednesday 1st April: Asian Markets mixed.
The US dollar index failed to glean much impetus from better-than-expected Chicago PMI or US consumer confidence (dropped to 120 in March from 132.6 in February despite stronger-than-expected reading) measures Tuesday, after topping a shade under the 100.00 handle.
