Global Markets: Asian Stock Markets : Nikkei up 1.02%, Shanghai Composite up 0.11%, Hang Seng up 1.39%, ASX up 0.05% Commodities : Gold at $1319.10 (-0.24%), Silver at $16.73 (-0.20%), Brent Oil at $77.35 (-0.15%), WT Crude at $71.31 (-0.07%) Rates : US 10-year yield at 2.968, UK 10-year yield at 1.423, Germany 10-year yield … Continue reading Friday 11th May: Asian markets gain on tepid US inflation data
EUR/USD: Breaking a four-day bearish phase, the single currency, as you can see, recovered in strong fashion on Thursday. In response to lower-than-expected US inflation numbers, H4 price reclaimed the 1.19 landmark and addressed a H4 resistance area plotted at 1.1929-1.1952. In addition to this, traders may also want to pencil in that this … Continue reading Friday 11th May: ECB President due to speak in Florence today
Global Markets: Asian Stock Markets : Nikkei up 0.44%, Shanghai Composite up 0.07%, Hang Seng up 0.77%, ASX up 0.22% Commodities : Gold at $1313.90 (+0.07%), Silver at $16.55 (+0.07%), Brent Oil at $77.72 (+0.66%), WT Crude at $71.64 (+0.70%) Rates : US 10-year yield at 2.982, UK 10-year yield at 1.466, Germany 10-year yield … Continue reading Thursday 10th May: Asian markets modestly higher; reports of Israel-Iran skirmish in Syria
EUR/USD: Followed by a clear-cut H4 bullish pin-bar formation that pierced through H4 mid-level support at 1.1850, the euro attempted to recover against its US counterpart on Wednesday. Despite reaching highs of 1.1897, aided by a lower-than-expected US PPI reading for the month of April, upside momentum diminished and quickly saw the market pare … Continue reading Thursday 10th May: Busy day ahead for the GBP – UK interest rates to rise?
