In view of GBP/USD bulls enhancing their position, the resistance area at 1.3019-1.2975 yielded ground, as did Quasimodo resistance at 1.3102 (both now acting supports).
08
Dec
2019
Category: Recent
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06
Dec
2019
Friday 6th December: Dollar Trades Lower Ahead of Critical NFP Data.
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The British pound continued to flex its financial muscle against the US dollar Thursday, ascending to a fresh peak of 1.3166 and adding 0.41%. Underpinned by a clear Tory lead on Labour, with latest polls maintaining the differential at 10 points, GBP/USD trades at approximately 2.00% on the week.
05
Dec
2019
Thursday 5th December: Markets return to their happy place on Trump’s mixed signals
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Global Markets: Asian Stock Markets : Nikkei up 0.71%, Shanghai Composite up 0.75%, Hang Seng up 0.36%, ASX up 1.16% Commodities : Gold at $1482.65 (+0.17%), Silver at $16.97 (+0.34%), Brent Oil at $62.88 (-0.19%), WTI Oil at $58.26 (-0.29%) Rates : US 10-year yield at 1.764, UK 10-year yield at 0.739, Germany 10-year yield … Continue reading Thursday 5th December: Markets return to their happy place on Trump’s mixed signals
05
Dec
2019
Thursday 5th December: Dollar Explores Lower Ground for A Fourth Successive Session.
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An outperformer on the day, the British pound scored fresh monthly highs of 1.3120 against its US counterpart in recent movement. A blend of upbeat UK data and election polls favouring UK PM Johnson’s Conservatives provided support.
04
Dec
2019
Wednesday 4th December: Asian markets mixed as investors fear longer broader trade war
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Global Markets: Asian Stock Markets : Nikkei down 1.05%, Shanghai Composite down 0.24%, Hang Seng down 1.21%, ASX down 1.58% Commodities : Gold at $1486.75 (+0.16%), Silver at $17.29 (+0.26%), Brent Oil at $61.32 (+0.82%), WTI Oil at $56.52 (+0.75%) Rates : US 10-year yield at 1.721, UK 10-year yield at 0.672, Germany 10-year yield … Continue reading Wednesday 4th December: Asian markets mixed as investors fear longer broader trade war