EUR/USD: Weekly gain/loss: -0.34% Weekly closing price: 1.2279 Since late January, the buyers and sellers have been competing for position within a major-league weekly supply at 1.2569-1.2287. Formed by a strong bearish base back in late 2014, this area also brings attention to a weekly Fibonacci resistance cluster (see below for the values) and … Continue reading Monday 9th April: Weekly technical outlook and review
Global Markets: Asian Stock Markets : Nikkei down 0.15%, Hang Seng up 0.56%, ASX down 0.01% Commodities : Gold at $1331.20 (+0.20%), Silver at $16.32 (-0.21%), WTI Oil at $67.80 (-0.78%), Brent Oil at $63.02 (-0.82%) Rates : US 10-year yield at 2.812, UK 10-year yield at 1.417, Germany 10-year yield at 0.523 News & … Continue reading Friday 6th April: Talks of additional tariffs infuse fresh fear into markets
EUR/USD: The US dollar advanced against the majority of its G10 peers on Thursday. This – coupled with a string of less-than-stellar economic releases out of the Eurozone – pressured the euro to lower ground. H4 support at 1.2258 and the March 20 low at 1.2240 were breached. It was only once we entered … Continue reading Friday 6th April: Fasten your seatbelts it’s NFP day – remain vigilant around this time!
