A faster-than-anticipated pickup in the Eurozone economy during the first quarter, as well as a diminishing greenback, elevated the H4 candles beyond its 1.12 neighbourhood to a session high of 1.1229.
Global Markets: Asian Stock Markets : Nikkei down 0.22%, Shanghai Composite up 0.45%, Hang Seng down 0.49%, ASX down 0.45% Commodities : Gold at $1285.65 (+0.32%), Silver at $14.99 (+0.40%), Brent Oil at $71.33 (-0.29%), WTI Oil at $63.44 (-0.09%) Rates : US 10-year yield at 2.527, UK 10-year yield at 1.160, Germany 10-year yield … Continue reading Tuesday 30th April: China PMI disappoints, Japan closed for Golden Week
The price of gold, in $ terms, kicked off the week on a negative tone, concluding the day down nearly 0.50%. Reclaiming a large portion of Friday’s gains, daily flow is seen eyeballing a retest of a support area coming in at 1272.5-1261.5.
Global Markets: Asian Stock Markets : Nikkei down 0.22%, Shanghai Composite down 0.77%, Hang Seng up 0.85%, ASX down 0.41% Commodities : Gold at $1284.95 (-0.30%), Silver at $15.04 (-0.29%), Brent Oil at $71.00 (-0.88%), WTI Oil at $62.80 (-0.79%) Rates : US 10-year yield at 2.507, UK 10-year yield at 1.155, Germany 10-year yield … Continue reading Monday 29th April: Asian markets trading mixed.
In recent sessions, the US dollar fell as the market shrugged off a GDP beat. Despite this, the currency managed to hold the majority of the week’s gains around the 98.00 handle (US dollar index).
