EUR/USD: As FX markets look to shake off the long Easter weekend, we can see that between H4 resistance at 1.2336 and H4 support plotted at 1.2285, the pair has been busy carving out an intraday range. There was modest buying seen after the March US ISM manufacturing survey fell short of expectations on … Continue reading Tuesday 3rd April: Dollar retains mild upward bias as traders return from the long Easter weekend
Global Markets: Asian Stock Markets : Nikkei up 0.20%, Shanghai Composite up 0.02% Commodities : Gold at $1329.10 (+0.48%), Silver at $16.40 (+0.78%), WTI Oil at $69.72 (+0.55%), Brent Oil at $65.19 (+0.38%) Rates : US 10-year yield at 2.763, UK 10-year yield at 1.343, Germany 10-year yield at 0.497 News & Data: (CNY) Caixin … Continue reading Monday 2nd April: Asian markets start quarter in green
EUR/USD: Weekly gain/loss: -0.27% Weekly closing price: 1.2320 As is clearly seen on the weekly timeframe, the buyers and sellers have been battling for position within a major-league weekly supply at 1.2569-1.2287 since late January. Circling around the top edge of this zone is also a weekly Fibonacci resistance cluster (see below for the … Continue reading Monday 2nd April: Weekly technical outlook and review.
