The US dollar index failed to glean much impetus from better-than-expected Chicago PMI or US consumer confidence (dropped to 120 in March from 132.6 in February despite stronger-than-expected reading) measures Tuesday, after topping a shade under the 100.00 handle.
Global Markets: Asian Stock Markets : Nikkei down 0.88%, Shanghai Composite up 0.11%, Hang Seng up 1.32%, ASX down 2.02% Commodities : Gold at $1637.30 (-0.36%), Silver at $14.33 (+1.42%), Brent Oil at $26.83 (+1.55%), WTI Oil at $21.19 (+5.48%) Rates : US 10-year yield at 0.710, UK 10-year yield at 0.393, Germany 10-year yield … Continue reading Tuesday 31st March: Asian Markets largely positive after China PMI data rebounds
Key risk events today: China Manufacturing PMI; China Non-Manufacturing PMI; UK Current Account; Canada GDP m/m; Chicago PMI; US CB Consumer Confidence. (Previous analysis as well as outside sources – italics). EUR/USD: Monday had the US dollar index put in a stronger-than-expected recovery, firming north of 99.00 and reclaiming a large portion of Friday’s losses. … Continue reading Tuesday 31st March: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei down 1.57%, Shanghai Composite down 0.90%, Hang Seng down 1.27%, ASX up 7.00% Commodities : Gold at $1646.40 (-0.47%), Silver at $14.07 (-3.23%), Brent Oil at $26.48 (-5.26%), WTI Oil at $20.45 (-4.93%) Rates : US 10-year yield at 0.663, UK 10-year yield at 0.312, Germany 10-year yield … Continue reading Monday 30th March: Asian Markets down in virus chills.
Major US benchmarks slumped Friday, snapping a three-day bullish phase as investors’ focus remains on the economic fallout from the coronavirus pandemic. The Dow Jones Industrial Average declined 915.39 points, or 4.06%; the S&P 500 also erased 88.60 points, or 3.3%, and the tech-heavy Nasdaq 100 concluded lower by 308.75 points, or 3.91%.
