Daily Fundamental Analysis Report The two-year U.S. #Treasury yield, often correlated to the dollars performance, had risen to 0.378 percent from a 17-month trough of 0.244 percent reached last week. The #euro was steady at $1.2764 after pulling away from a three-week peak of $1.2887 scaled last week. Commodity #currencies, sensitive to perceived shifts in global demand, also fared better as pessimism over the economy was tempered and risk sentiment improved. The Australian dollar climbed 0.4 percent to$0.8777.Its New Zealand counterpart rose 0.5 percent to $0.7950. #Sterling edged up 0.1 percent to $1.6111 after drawing comfort on Friday when Bank of England chief economist Andrew Haldane said markets might be right to bet that UK rates will be hiked some time in the middle of next year. Spot #gold had slipped $1 to $1,236.60 an ounce by 0306 GMT, easing for a third straight session. The metal, however, has gained nearly 4 percent in the past two weeks and hit a one-month high of $1,249.30 on Wednesday. Japanese #stocks led a rally in Asia on Monday, after solid U.S. data and earnings calmed tumult in global financial markets, while the #dollar also gained in strength against a basket of major currencies. MKTS/GLOBGlobal #equities look to have recovered from last weeks selloff with strong gains being posted late in the week to put downward pressure on the precious metals, said MKS Groups metals dealer Sam Laughlin. #forex #trading #cfds Read more https://olofx/posts/dailyfundamentalanalysis/2014/10/20
Posted on: Mon, 20 Oct 2014 07:39:06 +0000
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