Wednesday 21st August: Asian markets slip following recession worries lead to losses on Wall Street

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Global Markets: Asian Stock Markets : Nikkei down 0.33%, Shanghai Composite down 0.05%, Hang Seng down 0.06%, ASX down 0.94% Commodities: Gold at $1513.95 (-0.12%), Silver at $17.05 (-0.56%), Brent Oil at $60.44 (+0.68%), WTI Oil at $56.40 (+0.48%) Rates : US 10-year yield at 1.579, UK 10-year yield at 0.456, Germany 10-year yield at … Continue reading Wednesday 21st August: Asian markets slip following recession worries lead to losses on Wall Street

Wednesday 21st August: Greenback snaps five-day winning streak ahead of FOMC minutes.

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Key risk events today: UK Public Sector Net Borrowing; Canadian CPI m/m, Common CPI y/y, Median CPI y/y and Trimmed CPI y/y; FOMC Meeting Minutes. EUR/USD: Snapping a five-day losing streak and adding more than 0.20%, Europe’s shared currency explored higher ground against the US dollar Tuesday, with the US dollar index suggesting a revisit … Continue reading Wednesday 21st August: Greenback snaps five-day winning streak ahead of FOMC minutes.

Tuesday 20th August: Asian markets bounce a China announces new benchmark lending rate

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Global Markets: Asian Stock Markets : Nikkei up 0.50%, Shanghai Composite down 0.18%, Hang Seng up 0.13%, ASX up 1.11% Commodities: Gold at $1508.05 (-0.23%), Silver at $16.93 (-0.04%), Brent Oil at $60.02 (+0.47%), WTI Oil at $56.45 (+0.55%) Rates : US 10-year yield at 1.594, UK 10-year yield at 0.484, Germany 10-year yield at … Continue reading Tuesday 20th August: Asian markets bounce a China announces new benchmark lending rate

Tuesday 20th August: Dollar extends gains; 98.50 eyed as next port of resistance.

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Key risk events today: German PPI m/m; Canadian Manufacturing Sales m/m. EUR/USD: The euro was a shade lower on the dollar Monday, incapable of gathering steam above 1.11. Measured against a basket of six major currencies, the US dollar index explored higher ground, currently poised to approach 98.50. This strong-armed the EUR/USD lower from H4 … Continue reading Tuesday 20th August: Dollar extends gains; 98.50 eyed as next port of resistance.

Monday 19th August: Asian markets rebound on stimulus policy from central banks around the globe

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Global Markets: Asian Stock Markets : Nikkei up 0.71%, Shanghai Composite up 1.90%, Hang Seng up 2.20%, ASX up 0.97% Commodities: Gold at $1518.65 (-0.32%), Silver at $17.02 (-0.58%), Brent Oil at $59.44 (+1.36%), WTI Oil at $55.48 (+1.22%) Rates : US 10-year yield at 1.572, UK 10-year yield at 0.468, Germany 10-year yield at … Continue reading Monday 19th August: Asian markets rebound on stimulus policy from central banks around the globe