Wednesday 25th April: Asian markets lower on costs expansion concerns

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Global Markets: Asian Stock Markets : Nikkei down 0.30%, Shanghai Composite down 0.50%, Hang Seng down 1.14% Commodities : Gold at $1328.40 (-0.35%), Silver at $16.66 (-0.29%), WTI Oil at $73.83 (-0.04%), Brent Oil at $67.66 (-0.06%) Rates : US 10-year yield at 3.000, UK 10-year yield at 1.528, Germany 10-year yield at 0.619 News … Continue reading Wednesday 25th April: Asian markets lower on costs expansion concerns

Wednesday 25th April: Quiet calendar ahead – expect technicals to reign for the majority of the day

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EUR/USD:    Following a three-day slide, the single currency staged a modest recovery on Tuesday after whipsawing through both the 1.22 handle and March’s opening level at 1.2191 seen on the H4 timeframe. Yesterday’s upside move was bolstered by a USD correction, which failed to hold above the 91.00 mark (DXY) despite the 10 year … Continue reading Wednesday 25th April: Quiet calendar ahead – expect technicals to reign for the majority of the day

Tuesday 24th April: US consumer confidence survey in view – keep an eye on USD-related markets during this time!

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EUR/USD:    Forming a firm foothold above the 90.50 threshold on Monday, the US dollar traded higher against G10 rivals even though the 10 year US Treasury yield had not quite printed 3%. As of current writing, the EUR/USD market is seen challenging a swing low support on the H4 timeframe priced in at 1.2218, … Continue reading Tuesday 24th April: US consumer confidence survey in view – keep an eye on USD-related markets during this time!