EUR/USD: Over the course of Thursday’s movement, markets witnessed a break of the 1.16 handle plotted on the H4 timeframe. EUR/USD shorts, however, quickly lost their flavor at lows of 1.1575 after US President Trump renewed his criticism of the dollar’s high value in an interview with CNBC. H4 price reclaimed 1.16 and went … Continue reading Friday 20th July: Canadian inflation numbers in the spotlight today, traders!
Global Markets: Asian Stock Markets : Nikkei down 0.01%, Shanghai Composite down 0.56%, Hang Seng down 0.05%, ASX up 0.41% Commodities : Gold at $1223.70 (-0.34%), Silver at $15.48 (-0.60%), Brent Oil at $72.78 (-0.16%), WTI Oil at $67.67 (-0.12%) Rates : US 10-year yield at 2.888, UK 10-year yield at 1.223, Germany 10-year yield … Continue reading Thursday 19th July: Asian markets lose steam after initial gains
EUR/USD: As anticipated, the single currency broke through H4 channel support (extended from the low 1.1508) and came within touching distance of the 1.16 handle on Wednesday. The move, as far as we can see, was largely in sympathy with the GBP’s recent decline. Unable to sustain downside momentum ahead of 1.16 (1.1602 to be … Continue reading Thursday 19th July: UK retail sales eyed – expect GBP volatility today, traders!
