EUR/USD: The shared currency came under pressure on Thursday, despite penciling in a reasonably solid recovery from the H4 mid-level support 1.2350 on Wednesday. With the DXY reclaiming the 90.00 mark, the EUR/USD, in the shape of a near-full-bodied daily bearish candle, engulfed 1.2350 and concluded the day challenging the 1.23 handle. Beyond 1.23 … Continue reading Friday 16th March: US housing data on the radar
Global Markets: Asian Stock Markets : Nikkei up 0.15%, Shanghai Composite down 0.22%, Hang Seng up 0.30%, ASX down 0.24% Commodities : Gold at $1326.30 (+0.05%), Silver at $16.56 (+0.11%), WTI Oil at $64.89 (0.00%), Brent Oil at $61.03 (+0.11%) Rates : US 10-year yield at 2.812, UK 10-year yield at 1.426, Germany 10-year yield … Continue reading Thursday 15th March: Risk Sentiment takes a hit – Markets Flat
EUR/USD: In recent trading the EUR/USD failed in its attempt to breach 1.24, but did manage to come within a few pips of connecting with February’s opening level at 1.2417 and its intersecting H4 trendline resistance taken from the high 1.2555. Following mixed economic data out of the US, the H4 candles pressed lower … Continue reading Thursday 15th March: Swiss National Bank (SNB) in the spotlight today – keep an eyeball on CHF-related markets!
