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A spike in sterling to a session high of 1.2291 materialised amid London hours Wednesday, on the back of a time limited backstop rumour. The headline, however, was later denied by EU officials, also considered non-viable by DUP representatives.
Global Markets: Asian Stock Markets : Nikkei down 0.69%, Shanghai Composite up 0.20%, Hang Seng down 0.46%, ASX down 0.71% Commodities: Gold at $1511.55 (+0.51%), Silver at $17.82 (+0.65%), Brent Oil at $58.19 (-0.09%), WTI Oil at $52.58 (-0.10%) Rates : US 10-year yield at 1.536, UK 10-year yield at 0.407, Germany 10-year yield at … Continue reading Wednesday 9th October: Asian markets retreat amid growing pessimism over trade talks
The US dollar index, or ‘DXY’, toppled its 99.00 threshold despite noticeably weaker-than-consensus US PPI data. Leaving 1.10 unchallenged, the H4 candles found resistance off September’s opening level at 1.0989, guiding the EUR/USD to a session low of 1.0940 on the day.
Global Markets: Asian Stock Markets : Nikkei up 1.01%, Shanghai Composite up 0.46%, Hang Seng up 0.71%, ASX up 0.45% Commodities: Gold at $1495.45 (-0.59%), Silver at $17.44 (-0.58%), Brent Oil at $58.84 (+0.84%), WTI Oil at $53.23 (+0.91%) Rates : US 10-year yield at 1.582, UK 10-year yield at 0.447, Germany 10-year yield at … Continue reading Tuesday 8th October: Asian markets gain amid trade talk hopes
Europe’s single currency kicked off the week subdued, ranging no more than 40 points against the US dollar. After clocking a session low of 1.0961, EUR/USD’s H4 candles shook hands with the key figure 1.10 (alongside September’s opening level at 1.0989) though failed to preserve an upside presence.
