Tuesday had the Australian dollar a shade lower vs. its US counterpart, erasing 11 points, or 0.17%. Although snapping a four-day winning streak, hopes of a trade resolution between the US and China appears to be supporting trade-sensitive antipodeans.
Global Markets: Asian Stock Markets : Shanghai Composite up 0.35%, Hang Seng up 0.28%, ASX up 0.30% Commodities : Gold at $1487.95 (-0.01%), Silver at $17.57 (-0.16%), Brent Oil at $58.90 (-0.10%), WTI Oil at $53.38 (-0.24%) Rates : US 10-year yield at 1.803, UK 10-year yield at 0.746, Germany 10-year yield at -0.350 News … Continue reading Tuesday 22nd October: Asian stocks gain on news that US and China might sign an agreement in November.
Sterling attempted to overthrow the key figure 1.30 Monday, though failed to muster enough oomph to sustain gains as further delays were put into the Brexit process.
Global Markets: Asian Stock Markets : Nikkei up 0.25%, Shanghai Composite down 0.37%, Hang Seng up 0.08%, ASX up 0.04% Commodities : Gold at $1494.55 (+0.03%), Silver at $17.72 (+0.80%), Brent Oil at $59.35 (-0.12%), WTI Oil at $53.88 (+0.02%) Rates : US 10-year yield at 1.769, UK 10-year yield at 0.706, Germany 10-year yield … Continue reading Monday 21st October: Asian stocks mixed on weak sentiment
Sterling savoured another stellar week, notching gains in excess of 300 points and closing not too far off session highs at 1.2989. Technically, focus has shifted to supply at 1.3472-1.3204 and long-term trend line resistance (etched from the high 1.5930), following last week’s dominant push through the 2019 yearly opening level at 1.2739.
