Key risk events today: Canada CPI m/m, Common CPI y/y, Median CPI y/y, Trimmed CPI y/y; Crude Oil Inventories; FOMC Meeting Minutes. Market news (Tuesday): Reserve Bank of Australia (RBA): Minutes from the RBA’s November meeting revealed the board is prepared to ease policy further, if needed, and agreed a case could be made for … Continue reading Wednesday 20th November: Markets largely unmoved ahead of FOMC.
Global Markets: Asian Stock Markets : Nikkei down 0.39%, Shanghai Composite up 0.45%, Hang Seng up 1.00%, ASX up 0.70% Commodities : Gold at $1470.35 (-0.11%), Silver at $17.01 (+0.05%), Brent Oil at $62.35 (-0.14%), WTI Oil at $57.02 (-0.21%) Rates : US 10-year yield at 1.808, UK 10-year yield at 0.740, Germany 10-year yield … Continue reading Tuesday 19th November: Asian markets jittered as trade deal seems elusive
Europe’s single currency kicked off the week in reasonably robust fashion, gliding to highs of 1.1090 before mildly paring gains into the close. Tops (green arrow) around the 1.1090 neighbourhood on the H4 timeframe is likely viewed as resistance in this market, as is the 1.11 handle.
Global Markets: Asian Stock Markets : Nikkei up 0.49%, Shanghai Composite up 0.56%, Hang Seng up 1.03%, ASX down 0.40% Commodities : Gold at $1464.95 (-0.24%), Silver at $16.85 (-0.57%), Brent Oil at $63.20 (-0.16%), WTI Oil at $57.80 (-0.05%) Rates : US 10-year yield at 1.827, UK 10-year yield at 0.731, Germany 10-year yield … Continue reading Monday 18th November: Asian markets higher as reports of progress on US-China deal
Should price action remain beneath this base, further downside is likely in store for the EUR/USD, while an upside violation could prompt a retest at the weekly resistance area 1.1119-1.1295.
