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EUR/USD:    Despite topping just south of the 1.24 handle on the H4 timeframe, which we believe was due to weaker-than-expected US CPI m/m data and a somewhat hawkish FOMC, the euro registered its fourth consecutive daily gain on Wednesday. Looking at the weekly timeframe this morning, the unit remains captive within the walls of … Continue reading Thursday 12th April: Main highlight today is ECB’s Monetary Policy Meeting Accounts – keep an eye on EUR-related pairs!

Global Markets: Asian Stock Markets : Nikkei down 0.24%, Shanghai Composite up 0.75%, Hang Seng up 0.73%, ASX down 0.45% Commodities : Gold at $1345.20 (-0.05%), Silver at $16.57 (-0.19%), WTI Oil at $70.77 (-0.38%), Brent Oil at $65.36 (-0.23%) Rates : US 10-year yield at 2.795, UK 10-year yield at 1.406, Germany 10-year yield … Continue reading Wednesday 11th April: Asian markets mixed as trade concerns continue

EUR/USD:   The euro is trading with a reasonably strong upside bias this morning, after the market registered its third consecutive bullish gain on Tuesday. ECB’s Nowotny’s comments provided a ledge for the unit to springboard to highs of 1.2377, despite weekly price remaining captive within the walls of a major-league weekly supply at 1.2569-1.2287. … Continue reading Wednesday 11th April: FOMC meeting minutes eyed.