Europe’s single currency journeyed to a peak of 1.1145 against its US counterpart last week, adding more than 200 pips into Friday’s close.
Global Markets: Asian Stock Markets : Nikkei down 0.18%, Shanghai Composite up 0.22%, Hang Seng down 0.75%, ASX down 1.63% Commodities : Gold at $1716.80 (+0.20%), Silver at $17.92 (-0.27%), Brent Oil at $35.16 (-2.41%), WTI Oil at $32.71 (-2.97%) Rates : US 10-year yield at 0.671, UK 10-year yield at 0.192, Germany 10-year yield … Continue reading Friday 29th May: Asian markets mostly lower as investors await Trump’s China statement.
Europe’s shared currency retained a healthy underlying bid against the US dollar Thursday, adding 0.7% by London’s close. The US dollar index maintained a position south of 99.00, crossing through 98.50. In spite of this, the DXY was initially unmoved by the revision lower to Q1 GDP and larger-than-forecast unemployment claims.
Global Markets: Asian Stock Markets : Nikkei up 2.32%, Shanghai Composite up 0.33%, Hang Seng down 0.81%, ASX up 1.32% Commodities : Gold at $1718.70 (+0.47%), Silver at $17.85 (+0.51%), Brent Oil at $33.97 (-2.22%), WTI Oil at $31.82 (-3.02%) Rates : US 10-year yield at 0.690, UK 10-year yield at 0.210, Germany 10-year yield … Continue reading Thursday 28th May: Asian markets seesaw – overall trends positive
Wednesday had the shared currency rebound strongly against the US dollar, off May’s opening level at 1.0943. 1.10 came under threat shortly after, displaying a fakeout through the key figure to April’s opening level at 1.1023 on the H4 timeframe.