The US ISM manufacturing PMI fell into contraction Friday, with all of the major components falling and/or missing expectations. The impact of the report sent H4 flow through 1.14, though swiftly pared gains at 1.1408 as the dollar recovered, buoyed by increasing US Treasury yields.
Global Markets: Asian Stock Markets : Nikkei up 1.05%, Shanghai Composite up 1.47%, Hang Seng up 0.47%, ASX up 0.38% Commodities : Gold at $1312.65 (-0.26%), Silver at $15.54 (+0.01%), Brent Oil at $66.90 (+0.89%), WTI Oil at $57.63 (+0.72%) Rates : US 10-year yield at 2.719, UK 10-year yield at 1.293, Germany 10-year yield … Continue reading Friday 1st March: Asian markets rebound.
Underpinned by a better-than-expected US growth reading as well as an upbeat Chicago PMI, the US dollar index advanced to a high of 96.28 Thursday, registering its second consecutive daily gain.
Global Markets: Asian Stock Markets : Nikkei down 0.91%, Shanghai Composite down 0.44%, Hang Seng down 0.63%, ASX up 0.30% Commodities : Gold at $1321.05 (-0.01%), Silver at $15.69 (+0.10%), Brent Oil at $66.25 (-0.50%), WTI Oil at $56.74 (-0.35%) Rates : US 10-year yield at 2.664, UK 10-year yield at 1.273, Germany 10-year yield … Continue reading Thursday 28th February: Asian markets mostly lower; Trump – Kim Jong Un summit cut short
The value of the euro weakened against its US counterpart Wednesday, snapping a two-day bullish phase. A revival of USD bidding, driven by advancing US Treasury yields, weighed on the EUR/USD.
