The European shared currency traded lower against the buck Thursday, erasing more than 0.15% and recording its fourth successive losing session. The dollar index firmed yesterday, breaching 98.00 to the upside as US Treasury yields rose sharply – 10-year note trades at 1.919% – amid positive US/China trade headlines that triggered safe-haven outflows.
Global Markets: Asian Stock Markets : Nikkei up 0.11%, Shanghai Composite up 0.00%, Hang Seng down 0.28%, ASX up 1.00% Commodities : Gold at $1493.15 (0.00%), Silver at $17.60 (+0.02%), Brent Oil at $61.78 (+0.06%), WTI Oil at $56.41 (+0.11%) Rates : US 10-year yield at 1.814, UK 10-year yield at 0.730, Germany 10-year yield … Continue reading Thursday 7th November: Asian markets mixed as trade risks resurface
Europe’s shared currency shifts into Thursday a shade lower against the buck, retreating from Wednesday’s high at 1.1092. Tier-1 macroeconomic data was limited Wednesday, though better-than-expected Eurozone services PMIs did provide fresh impetus.
Global Markets: Asian Stock Markets : Nikkei up 0.17%, Shanghai Composite down 0.34%, Hang Seng up 0.11%, ASX down 0.55% Commodities : Gold at $1486.75 (+0.21%), Silver at $17.54 (-0.17%), Brent Oil at $62.70 (-0.41%), WTI Oil at $57.02 (-0.37%) Rates : US 10-year yield at 1.855, UK 10-year yield at 0.773, Germany 10-year yield … Continue reading Wednesday 6th November: Asian markets mixed as investors wait for more cues
Key risk events today: Crude Oil Inventories. EUR/USD: In recent sessions, the euro, shaped by way of a near-full-bodied daily bearish candle, fell to a three-week low vs. the buck. The dollar reigned supreme, bolstered by a promising ISM non-manufacturing PMI print and the continuation of positive trade rhetoric between the US and China. According … Continue reading Wednesday 6th November: Dollar circulates below 98.00; eyes weekly trend line resistance.
