Wednesday 11th July: Asian markets slump as US plans new tariffs on China

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Global Markets: Asian Stock Markets : Nikkei down 1.28%, Shanghai Composite down 1.92%, Hang Seng down 1.61%, ASX down 0.68% Commodities : Gold at $1252.90 (-0.20%), Silver at $16.02 (-0.45%), Brent Oil at $78.17 (-0.87%), WTI Oil at $73.64 (-0.63%) Rates : US 10-year yield at 2.836, UK 10-year yield at 1.302, Germany 10-year yield … Continue reading Wednesday 11th July: Asian markets slump as US plans new tariffs on China

Wednesday 11th July: The BoC takes to the stage today, expected to hike interest rates by 25bps to 1.50%

IC Markets No Comments

EUR/USD: Kicking this market off with a look at the weekly timeframe this morning reveals the buyers and sellers remain battling for position within the walls of a resistance area parked at 1.1717-1.1862. A closer look at price action on the daily timeframe, though, shows a clear path north until resistance plotted at 1.1824 enters … Continue reading Wednesday 11th July: The BoC takes to the stage today, expected to hike interest rates by 25bps to 1.50%