Sterling decisively reclaimed GE-related gains last week as sellers strengthened their grip and snapped a three-week winning streak. After topping at the 2018 yearly opening level drawn from 1.3503 the week prior, price crossed back through long-standing trend line resistance, pencilled in from the high 1.5930.
Global Markets: Asian Stock Markets : Nikkei down 0.20%, Shanghai Composite down 0.42%, Hang Seng up 0.10%, ASX down 0.25% Commodities : Gold at $1482.90 (-0.10%), Silver at $17.13 (-0.17%), Brent Oil at $66.58 (+0.06%), WTI Oil at $61.09 (-0.15%) Rates : US 10-year yield at 1.922, UK 10-year yield at 0.800, Germany 10-year yield … Continue reading Friday 20th December: Asian markets mixed amid thin Christmas volumes
Less-than-stellar US macroeconomic data kept the US dollar index in check Thursday, wrapping up the session unchanged. The Federal Reserve Bank of Philadelphia’s monthly report revealed the diffusion index for current general activity fell 10 points this month to 0.3, its lowest reading in six months.
Global Markets: Asian Stock Markets : Nikkei down 0.29%, Shanghai Composite down 0.01%, Hang Seng down 0.32%, ASX down 0.27% Commodities : Gold at $1480.55 (+0.13%), Silver at $17.04 (-0.06%), Brent Oil at $66.17 (0.00%), WTI Oil at $60.83 (-0.03%) Rates : US 10-year yield at 1.920, UK 10-year yield at 0.782, Germany 10-year yield … Continue reading Thursday 19th December: Asian markets take Trump impeachment in its stride
The pound held onto the bulk of Tuesday’s downside yesterday, dipping below 1.31 before finding a base at around 1.3070. Limited reaction was observed in light of UK inflation metrics, in which headline CPI modestly topped forecasts ahead of the BoE’s monetary policy update today.
