EUR/USD: The euro, as you can see, began Monday’s session on a relatively strong footing, breaking above the H4 mid-level resistance 1.1950. Further buying came about as we headed into Europe on the back of some upbeat/hawkish ECB commentary (Villeroy initially and then Lautenschlaeger), though the pair fell victim to USD strength four pips … Continue reading Tuesday 15th May: Busy economic calendar ahead – remain vigilant
Global Markets: Asian Stock Markets : Nikkei up 0.45%, Shanghai Composite up 0.43%, Hang Seng up 1.26%, ASX up 0.25% Commodities : Gold at $1320.30 (-0.03%), Silver at $16.74 (-0.07%), Brent at $76.72 (-0.52%), WTI Oil at $70.45 (-0.35%) Rates : US 10-year yield at 2.962, UK 10-year yield at 1.441, Germany 10-year yield at … Continue reading Monday 14th May: Asian markets higher on signs of US-China relationship thawing
EUR/USD: Weekly gain/loss: -0.16% Weekly closing price: 1.1938 Over the course of last week’s movement, the shared currency dipped to a fresh 2018 yearly low of 1.1822 and crossed paths with strong weekly demand plotted at 1.1717-1.1862. As is evident from the weekly timeframe, the pair responded favorably to the demand and concluded the … Continue reading Monday 14th May: Weekly technical outlook and review
