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Daily Markets Broadcast 2019-08-29

Daily Markets Broadcast

2019-08-29

The Daily Market Broadcast will pause on 30 August 2019 and resumes on 9 September 2019

Wall Street rebounds on technical buying

Lower global rates across the board was an initial worry for equities yesterday, but once US yields moved below the S&P dividend yield it prompted some technical buying across indices. Oil prices rose on a larger-than-expected drop in inventories while the chances of the UK leaving Europe without a deal increased as PM Boris Johnson’s request to suspend Parliament was granted by The Queen.

 

US30USD Daily Chart

[1]

Source: OANDA fxTrade

 

DE30EUR Daily Chart

[2]

Source: OANDA fxTrade

 

UK100GBP Daily Chart

[3]

Source: OANDA fxTrade

 

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Andrew Robinson

Andrew Robinson [6]

Senior Market Analyst at MarketPulse [7]
A seasoned professional with more than 30 years’ experience in foreign exchange, interest rates and commodities, Andrew Robinson is a senior market analyst with OANDA, responsible for providing timely and relevant market commentary and live market analysis throughout the Asia-Pacific region. Having previously worked in Europe, since moving to Singapore he worked with several leading institutions including Bloomberg, Saxo Capital Markets and Informa Global Markets, proving FX strategies based on a combination of technical and fundamental analysis as well as market flow information. Andrew began his career as an FX dealer with NatWest and the Royal Bank of Scotland in the UK.
Andrew Robinson

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