Global Markets: ·Asian Stock Markets : Nikkei up 0.41%, Shanghai Composite up 0.00%, Hang Seng up 0.26%, ASX up 0.63% ·Commodities : Gold at $1215.60 (-0.03%), Silver at $14.83 (-0.20%), Brent Oil at $76.48 (-0.03%), WTI Oil at $68.85 (-0.03%) ·Rates : US 10-year yield at 2.851, UK 10-year yield at 1.274, Germany 10-year yield … Continue reading Tuesday 28th August: Asian markets higher on US – Mexico trade deal
EUR/USD: Risk appetite engulfed the markets during Monday’s sessions, forcing the DXY beneath the 95.00 mark. The shared currency, as you can see, established firm support off the 1.16 handle on the H4 timeframe, underpinned by a strong German IFO survey. This led to the candles arriving at a strong area of H4 (red) resistance … Continue reading Tuesday 28th August: US and Mexico’s trade deal force the USD further into the red
Global Markets: Asian Stock Markets : Nikkei up 0.92%, Shanghai Composite up 1.55%, Hang Seng up 2.12%, ASX up 0.33% Commodities : Gold at $1212.90 (-0.03%), Silver at $14.83 (+0.21%), Brent Oil at $76.14 (+0.01%), WTI Oil at $68.72 (0.00%) Rates : US 10-year yield at 2.815, UK 10-year yield at 1.279, Germany 10-year yield … Continue reading Monday 27th August: Asian markets rally on China’s Yuan announcement and Fed comments
EUR/USD: Weekly Gain/Loss: +1.6% (183 pips) Weekly Close: 1.1619 Weekly perspective: EUR/USD bulls entered an offensive phase last week, developing a near-full-bodied bullish candle. With longs seemingly growing in confidence, the odds of price action shaking hands with the nearby resistance area at 1.1717-1.1862 this week are high. Daily perspective: Supply at 1.1628-1.1573, although … Continue reading Monday 27th August: Weekly technical outlook and review
