EUR/USD: EUR/USD bulls went on the offensive in early trade on Monday, looking to build on Friday’s NFP-induced gains. Despite this, the pair failed to sustain upside and topped just south of the 1.18 handle seen on the H4 timeframe (1.1790). Following the GBP lower on political tensions, the shared currency reconnected with H4 mid-level … Continue reading Tuesday 10th July: Trade war fears put on the back burner as the USD reclaims 94.00
Global Markets: Asian Stock Markets : Nikkei up 2.86%, Shanghai Composite up 1.79%, Hang Seng up 1.57%, ASX up 0.17% Commodities : Gold at $1260.60 (+0.38%), Silver at $16.18 (+0.66%), Brent Oil at $77.59 (+0.62%), WTI Oil at $74.16 (+0.49%) Rates : US 10-year yield at 2.842, UK 10-year yield at 1.268, Germany 10-year yield … Continue reading Monday 9th Jule: Asian markets higher as tariffs take a back seat
EUR/USD: Weekly Gain/Loss: +0.51% Weekly Closing price: 1.1742 Weekly perspective: EUR/USD bulls continued to play offensively last week, extending gains off nearby trend line support (taken from the low 1.0340). Despite price concluding the week not too far off its highs, though, the resistance area parked at 1.1717-1.1862 remains in play. For this reason, traders … Continue reading Monday 9th July: Weekly technical outlook and review
