Despite kicking off the week strongly, GBP/USD movement entered a reasonably narrow consolidation Tuesday, between 1.2873/1.2815. On the data front, unemployment in the UK ticked lower by 3.8% vs. 3.9%, while average earnings reported a 3.6% decline vs. 3.7%, revised from 3.8%.
Global Markets: Asian Stock Markets : Nikkei up 0.81%, Shanghai Composite down 0.08%, Hang Seng up 0.31%, ASX down 0.29% Commodities : Gold at $1453.65 (-0.24%), Silver at $16.80 (0.00%), Brent Oil at $62.40 (+0.35%), WTI Oil at $57.05 (+0.33%) Rates : US 10-year yield at 1.935, UK 10-year yield at 0.811, Germany 10-year yield … Continue reading Tuesday 12th November: Asian markets look for direction
Key risk events today: UK Average Earnings Index 3m/y; UK Claimant Count Change; UK Unemployment Rate; German ZEW Economic Sentiment; FOMC Member Clarida Speaks. EUR/USD: EUR/USD movement opened the new week a shade higher, consequently snapping a five-day bearish phase from 1.1175. The dollar index, or DXY, receded from highs of 98.40, poised to revisit … Continue reading Tuesday 12th November: Dollar snaps five-day winning streak; a retest of 98.00 likely in store.
Global Markets: Asian Stock Markets : Nikkei down 0.26%, Shanghai Composite down 1.75%, Hang Seng down 2.72%, ASX up 0.72% Commodities : Gold at $1463.65 (+0.05%), Silver at $16.83 (+0.03%), Brent Oil at $61.86 (-1.04%), WTI Oil at $56.63 (-1.07%) Rates : US 10-year yield at 1.945, UK 10-year yield at 0.791, Germany 10-year yield … Continue reading Monday 11th November: Hong Kong markets fall on account of heightened tensions
Five successive days of selling, primarily opening by way of a clear-cut bearish engulfing candlestick formation, witnessed the EUR/USD tunnel through prominent support at 1.1072.
