EUR/USD: Unable to sustain gains beyond the 1.22 handle, the single currency aggressively turned lower on Thursday amid a combination of dollar-positive economic events and an on-hold ECB. As is shown on the H4 timeframe, the pair snapped through orders at the H4 mid-level support drawn from 1.2150 and swiftly bumped heads with 1.21, … Continue reading Friday 27th April: A number of central banks take to the stage today – expect volatility
Global Markets: Asian Stock Markets : Nikkei up 0.57%, Shanghai Composite down 1.08%, Hang Seng down 1.12%, ASX down 0.17% Commodities : Gold at $1325.30 (+0.19%), Silver at $16.55 (+0.26%), WTI Oil at $74.42 (+0.57%), Brent Oil at $68.34 (+0.43%) Rates : US 10-year yield at 3.026, UK 10-year yield at 1.542, Germany 10-year yield … Continue reading Thursday 26th April: Tech earnings fail to conclusively lift Asian markets
EUR/USD: The shared currency declined in reasonably dominant fashion on Wednesday as the US dollar continued to surge on lifting US Treasury yields. The pair slipped through orders at 1.22 as well as March’s opening level at 1.2191 on the H4 timeframe, following a rejection off H4 supply posted at 1.2246-1.2237, consequently exposing the … Continue reading Thursday 26th April: Attention shifts to monetary policy today as the ECB takes the spotlight
