Australia Commonwealth Bank / Markit Manufacturing PMI for December (final) comes in at 54.0 preliminary 53.7 prior 54.6 Major points: continued expansion in overall new orders robust demand conditions export orders rising for a sixteenth straight month strong rate of output expansion capacity pressures were also evident among manufacturers  Backlogs accumulated for a fifth month
US Dollar Index stays in lower-half of the daily range. US 10-year T-bond yield drops below 2.7% for the first time in 10 months. EUR/USD loses more than 500 pips in 2018. Amid a lack of significant fundamental drivers and the thin holiday markets, the EUR/USD pair fluctuates in a tight 40-pip range on Monday
Trades at lowest level since June 26 The USDJPY has traded to a new session low at 10968. The low took out the August low at 109.75 and traded to the lowest level since June 26th in the process.   The 50% of the years trading range comes in at 109.572.  The low for the
With the latest comments from the U.S. President Donald Trump boosting the risk sentiment, major equity indexes in the U.S. started the day in the positive territory. As of writing, the S&P 500 was up 0.7%, the Dow Jones Industrial and the Nasdaq Composite were adding 0.4% and 0.9%, respectively. Over the weekend, President Trump,
The fourth quarter and 2018 are now in the books, and the ongoingresurgence of market volatility and uncertainty around key thematic influences are set to carry into 2019. With fundamental issues around US-led trade wars, Brexit, political uncertainty rising in Europe, emerging market contagion, among others lingering, the first three months of the New Year
   •  Trump’s optimistic trade-related comments weigh on JPY’s safe-haven status.   •  The partial US government shutdown kept the USD bulls on the defensive.   •  Global growth concerns further collaborate towards capping any strong up-move. The USD/JPY pair held on to its mildly positive tone, albeit struggled to build on the recovery move further beyond
Rises $0.72 or 1.61% The price of crude oil futures are settling the week at $45.33. That is up $0.72 or 1.61% on the day. The low today reached down to $44.42. The high extended up to $46.22.    Last week, the contract settled at $45.59. Technically, the price this week fell to a low
Volatile week for financial markets about to end with gains in Wall Street and losses for the US dollar.  DXY points to the downside but remains in a range.  The US dollar is about to end the week with modest losses across the board. On Friday it continued with the slide that started late on
Energy sector underperforms following the EIA data. US Pres. Trump threatens to close Mexico border. Following a mixed start to the day, major equity indexes in the U.S. fluctuated between the positive and the negative territory amid varying performances of major sectors. As of writing, the S&P 500 was virtually unchanged on the day, the