EUR/USD: Beginning the week under pressure, the single currency drove to lows of 1.1365 and bottomed just north of H4 demand at 1.1329-1.1354, before printing a modest recovery and reclaiming 1.14 status. Despite an earnest attempt to push higher from here, H4 bulls lacked energy, unable to test nearby resistance at 1.1440. Also worth noting … Continue reading Tuesday 14th August: UK employment data in view – expect volatility.
Global Markets: Asian Stock Markets : Nikkei down 1.73%, Shanghai Composite down 1.33%, Hang Seng down 1.56%, ASX down 0.46% Commodities : Gold at $1215.40 (-0.30%), Silver at $15.27 (-0.20%), Brent Oil at $72.59 (-0.30%), WTI Oil at $67.58 (-0.07%) Rates : US 10-year yield at 2.868, UK 10-year yield at 1.246, Germany 10-year yield … Continue reading Monday 13th August: Asian Markets Lower as Lira continues Free Fall
EUR/USD: Weekly Gain/Loss: -1.35% Weekly Closing price: 1.1411 Weekly perspective It was another depressing week for the euro, dropping in excess of 150 pips against its US counterpart and recording its third consecutive weekly loss. As a result of this, a strong-looking demand at 1.1312-1.1445 (formed on the break of the August 15 high [2016] … Continue reading Monday 13th August: Weekly technical outlook and review.
