Global Markets: Asian Stock Markets : Nikkei up 0.15%, Shanghai Composite up 0.42%, Hang Seng up 0.40%, ASX down 0.36% Commodities : Gold at $1294.50 (-0.22%), Silver at $16.40 (-0.22%), Brent Oil at $75.45 (+0.21%), WTI Oil at $65.02 (+0.42%) Rates : US 10-year yield at 2.939, UK 10-year yield at 1.298, Germany 10-year yield … Continue reading Tuesday 5th June: Asian markets pause to catch breath
EUR/USD: Coming into the early hours of London on Monday, we witnessed H4 price easily clear the 1.17 handle and ultimately go on to clock fresh highs of 1.1744. Despite this, US traders failed to build on earlier gains and forced the pair south, eventually reclaiming 1.17 at the close. Technically speaking, the reason behind … Continue reading Tuesday 5th June: Risk tone remains firm – Aussie, UK and US data eyed going forward.
Global Markets: Asian Stock Markets : Nikkei up 1.50%, Shanghai Composite up 0.57%, Hang Seng up 1.48%, ASX up 0.47% Commodities : Gold at $1295.00 (-0.33%), Silver at $16.40 (-0.28%), Brent Oil at $76.45 (-0.44%), WTI Oil at $65.77 (-0.06%) Rates : US 10-year yield at 2.919, UK 10-year yield at 1.284, Germany 10-year yield … Continue reading Monday 4th June: Asian markets gain on upbeat US jobs data
EUR/USD: Weekly Gain/Loss: +0.07% Weekly Closing price: 1.1657 After shaking hands with a major weekly supply at 1.2569-1.2287 earlier this year, the single currency has remained under pressure. In recent trade, market participants witnessed price action swallow weekly demand at 1.1717-1.1862 and connect with weekly support visible at 1.1600. As you can see, this support … Continue reading Monday 4th June: Weekly technical outlook and review
