Key risk events today: UK Inflation; Canada Inflation; BoE Gov. Bailey Speaks; FOMC Meeting Minutes. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s shared currency extended Monday’s vigorous recovery against the US dollar on Tuesday, scoring highs at 1.0976. EUR/USD, as you can see, tested H4 Quasimodo resistance at 1.0972, missing a … Continue reading Wednesday 20th May: Technical Outlook and Review.
The euro kicked off the week strongly amid heightened risk appetite. EUR/USD rebounded from 1.08 following a slowing in Eurozone COVID-19 cases and reports France and Germany are now backing joint EU debt issuance.
Global Markets: Asian Stock Markets : Nikkei up 0.48%, Shanghai Composite up 0.24%, Hang Seng up 0.47%, ASX up 1.03% Commodities : Gold at $1769.80 (+0.77%), Silver at $17.67 (+3.53%), Brent Oil at $33.77 (+3.91%), WTI Oil at $31.02 (+5.08%) Rates : US 10-year yield at 0.638, UK 10-year yield at 0.206, Germany 10-year yield … Continue reading Monday 18th May: Asian markets gain as economies open up
EUR/USD retained a modest offer over the course of last week, testing and holding south of the 2016 yearly opening level at 1.0873. A bump lower this week could have multi-year lows enter at 1.0635, while firming may eventually witness the 2020 yearly opening level at 1.1222 make a play.
Global Markets: Asian Stock Markets : Nikkei up 0.62%, Shanghai Composite down 0.07%, Hang Seng down 0.18%, ASX up 1.43% Commodities : Gold at $1745.65 (+0.27%), Silver at $16.54 (+2.36%), Brent Oil at $32.42 (+4.14%), WTI Oil at $28.65 (+3.96%) Rates : US 10-year yield at 0.620, UK 10-year yield at 0.205, Germany 10-year yield … Continue reading Friday 15th May: Asian markets muted but lower as China data disappoints
