Key risk events today: Eurozone Flash Manufacturing/Services PMIs; UK Flash Manufacturing PMI and Flash Services PMI; Canada Core Retail Sales m/m and Retail Sales m/m; US Flash Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: EUR/USD concluded Thursday pretty much unchanged, but did manage to chalk up a bearish outside formation … Continue reading Friday 21st February: Technical Outlook and Review.
Global Markets: Asian Stock Markets : Nikkei up 0.34%, Shanghai Composite up 1.84%, Hang Seng down 0.34%, ASX up 0.25% Commodities : Gold at $1608.95 (-0.18%), Silver at $18.28 (-0.16%), Brent Oil at $59.28 (+0.27%), WTI Oil at $53.78 (+0.54%) Rates : US 10-year yield at 1.559, UK 10-year yield at 0.603, Germany 10-year yield … Continue reading Thursday 20th February: Asian markets mixed; China cuts LPR
EUR/USD continues to echo a bearish stance, capped at the underside of the 1.08 handle on the H4 timeframe. The US dollar index continued marching higher Wednesday, scoring highs at 99.71, levels not seen since May 2017.
Global Markets: Asian Stock Markets : Nikkei up 0.89%, Shanghai Composite down 0.34%, Hang Seng up 0.42%, ASX up 0.43% Commodities : Gold at $1605.75 (+0.13%), Silver at $18.25 (+0.53%), Brent Oil at $58.12 (+0.64%), WTI Oil at $52.69 (+0.76%) Rates : US 10-year yield at 1.563, UK 10-year yield at 0.609, Germany 10-year yield at -0.407 News & … Continue reading Wednesday 19th February: Asian markets mostly higher as new coronavirus cases continue to slow
Europe’s shared currency tumbled for a fifth successive session against the buck Tuesday, pulled lower on weak German ZEW Economic Sentiment for February and the Federal Reserve Bank of New York’s Empire State Manufacturing Index also rising sharply in February.
