Daily Forex Report
Updated 5:20am EST – With the exception of Spain, European equity markets are all in positive territory. The British pound is taking a beating after the Bank of England released the latest inflation report. US equity futures remain slightly higher on the session. US treasuries are gaining strength, trading higher on the session. Commodities are [...]
Updated 5:30am EST – Global equity markets are trading in positive territory across the board. US equity futures continue to trend higher. US treasuries are lower, while commodities are generally unchanged. Crude is barely above the $77/barrel level. In the currency markets, the Japanese yen is weaker against the majors.
The USD was slightly weaker in a thin Asian session, as volume remains light due to the Lunar new year. The AUD/USD opened in Sydney at 0.8880, but quickly climbed to 0.8960 as risk sentiment improved and the 0.8915 horizontal resistance gave-way (triggering stops). The RBA minutes of Feb 2nd policy meeting provided no real [...]
Updated 6am EST – European equity markets are trading in positive territory, with the US equity futures also higher on the session. Commodities are stronger across the board. Crude is back above the $75/barrel level. In the currency markets, the US dollar is showing some slight weakness, while strength can be found in the commodity [...]
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