Global Markets: Asian Stock Markets : Nikkei up 0.62%, Shanghai Composite rose 0.31%, Hang Seng down 0.03%, ASX up 0.62% Commodities : Gold at $1224.30 (-0.25%), Silver at $15.54 (-0.46%), Brent Oil at $71.71 (-0.57%), WTI Oil at $66.72 (-0.64%) Rates : US 10-year yield at 2.867, UK 10-year yield at 1.263, Germany 10-year yield … Continue reading Wednesday 18th July: Asian markets gain on Powell’s comments
EUR/USD: Leaving the H4 mid-level resistance at 1.1750 unchallenged, the single currency came under pressure mid-way through London’s morning session on Tuesday. Further losses were seen in US trade as the USD gathered momentum on Fed Powell’s testimony. A number of H4 technical supports were consumed throughout the sessions, leaving the H4 candles hovering just … Continue reading Wednesday 18th July: USD higher, potentially eyeing a close above 95.00
Global Markets: Asian Stock Markets : Nikkei up 0.88%, Shanghai Composite down 0.99%, Hang Seng down 1.06%, ASX down 0.55% Commodities : Gold at $1240.90 (+0.10%), Silver at $15.83 (+0.11%), Brent Oil at $72.14 (+0.42%), WTI Oil at $67.16 (+0.13%) Rates : US 10-year yield at 2.871, UK 10-year yield at 1.279, Germany 10-year yield … Continue reading Tuesday 17th July: Asian markets fall, Japan bucks the trend
EUR/USD: The single currency is trading with a reasonably strong bias to the upside this morning, following a soft Monday. The recent break of the 1.17 handle on the H4 timeframe and June’s opening level at 1.1705 shows little stopping this market from reaching H4 mid-level resistance at 1.1750, which also happens to represent a … Continue reading Tuesday 17th July: Fed Chair Powell testifies today – USD movement likely
