EUR/USD: Selling, as is evident from the H4 timeframe, came to a pause just north of the 1.13 handle in the early hours of US trade on Wednesday. Nudged higher largely on USD selling from 2018 highs of 96.98 (US dollar index), the single currency managed to trim Asia/early European session losses, though did level … Continue reading Thursday 16th August: US housing data eyed – remain vigilant around this time, traders!
EUR/USD: Despite Monday’s modest recovery from lows of 1.1365, and a reasonably solid round of macroeconomic data out of the EU on Tuesday, the shared currency went back to playing on the defensive against its US counterpart. As you can see, the H4 candles reclaimed the 1.14 handle – retested it as resistance – and … Continue reading Wednesday 15th August: USD trading on a strong footing, testing fresh 2018 yearly highs!
Global Markets: Asian Stock Markets : Nikkei up 1.75%, Shanghai Composite down 0.50%, Hang Seng down 0.83%, ASX up 0.78% Commodities : Gold at $1202.20 (+0.28%), Silver at $15.05 (+0.42%), Brent Oil at $72.83 (+0.30%), WTI Oil at $67.48 (+0.42%) Rates : US 10-year yield at 2.886, UK 10-year yield at 1.263, Germany 10-year yield … Continue reading Tuesday 14th August: Asian Markets attempt Recovery; China Data disappoints
