Tuesday 26th June: Chinese markets slump into bearish territory – risk sentiment sours

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Global Markets: Asian Stock Markets : Nikkei up 0.12%, Shanghai Composite down 0.75%, Hang Seng down 0.34%, ASX down 0.29% Commodities : Gold at $1265.20 (-0.29%), Silver at $16.32 (-0.08%), Brent Oil at $74.64 (+0.12%), WTI Oil at $68.28 (+0.29%) Rates : US 10-year yield at 2.891, UK 10-year yield at 1.294, Germany 10-year yield … Continue reading Tuesday 26th June: Chinese markets slump into bearish territory – risk sentiment sours

Tuesday 26th June: USD losing steam as trade tensions intensify.

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EUR/USD: The shared currency decorated the H4 timeframe with a series of bullish candles on Monday, following a near-touch of support at 1.1627. Price action climbed back above the 1.17 handle – the first time since the ECB’s policy meeting in mid-June – largely as a result of a descending USD. A bare economic calendar … Continue reading Tuesday 26th June: USD losing steam as trade tensions intensify.