Friday 25th October: Dollar index testing weekly resistance at 97.72 – prepare for a possible pullback.

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Friday 25th October: Dollar index testing weekly resistance at 97.72 – prepare for a possible pullback. Key risk events today: German IFO Business Climate; Revised UoM Consumer Sentiment; Revised UoM Inflation Expectations. EUR/USD: Europe’s shared currency concluded 0.24% weaker against its US counterpart Thursday, pulling the EUR/USD to 1.11. The pair initially rose amid better-than-expected … Continue reading Friday 25th October: Dollar index testing weekly resistance at 97.72 – prepare for a possible pullback.

Thursday 24th October: Asian stocks mostly in the green as sentiment betters

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Global Markets: Asian Stock Markets : Nikkei up 0.55%, Shanghai Composite down 0.04%, Hang Seng up 0.66%, ASX up 0.31% Commodities : Gold at $1494.65 (-0.07%), Silver at $17.57 (-0.07%), Brent Oil at $60.97 (-0.33%), WTI Oil at $55.64 (-0.59%) Rates : US 10-year yield at 1.749, UK 10-year yield at 0.677, Germany 10-year yield … Continue reading Thursday 24th October: Asian stocks mostly in the green as sentiment betters

Thursday 24th October: Technical outlook and review.

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The British pound was left mostly unchanged against the buck Wednesday, with the GBP/USD currently trading a few points south of 1.29 as a lack of clarity and rising odds of a general election continues to haunt markets. Tuesday witnessed a 0.68% decline after MPs rejected UK PM’s Boris Johnson’s plan.

Wednesday 23rd October: Asian stocks in the red as Brexit timeline rejected

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Global Markets: Asian Stock Markets : Nikkei up 0.34%, Shanghai Composite down 0.59%, Hang Seng down 0.98%, ASX up 0.01% Commodities : Gold at $1493.45 (+0.40%), Silver at $17.56 (+0.35%), Brent Oil at $59.49 (-0.35%), WTI Oil at $54.16 (-0.59%) Rates : US 10-year yield at 1.752, UK 10-year yield at 0.694, Germany 10-year yield … Continue reading Wednesday 23rd October: Asian stocks in the red as Brexit timeline rejected