EUR/USD: Paring a large portion of last week’s losses, EUR/USD bulls went on the offensive on Monday and bombarded its way through July’s opening level at 1.1675 on the H4 timeframe. Boosted by a softer dollar across the board, the single currency concluded the day closing above the 1.17 handle and nearby June’s opening level … Continue reading Tuesday 31st July: Busy economic calendar today – expect volatility!
Global Markets: Asian Stock Markets : Nikkei down 0.76%, Shanghai Composite down 0.40%, Hang Seng down 0.82%, ASX down 0.43% Commodities : Gold at $1220.20 (-0.23%), Silver at $15.45 (-0.28%), Brent Oil at $74.83 (+0.09%), WTI Oil at $68.94 (+0.36%) Rates : US 10-year yield at 2.962, UK 10-year yield at 1.281, Germany 10-year yield … Continue reading Monday 30th July: Asian markets cautious as Central Bank events dominate the week
EUR/USD: Weekly Gain/Loss: -0.53% Weekly Closing price: 1.1653 Weekly perspective: As of late May, the single currency has been confined to a tight range comprised of a resistance area plotted at 1.1717-1.1862 and a trend line support (etched from the low 1.0340). Areas outside of this border to keep eyeballs on fall in at the … Continue reading Monday 30th July: Weekly technical outlook and review
