Category: Uncategorized

EUR/USD:    Despite receiving news out of Germany regarding government and results from Italy’s elections, the EUR/USD maintained its position between the 1.23 handle and mid-level resistance at 1.2350 on the H4 timeframe. The pair also experienced little movement following the better-than-expected US ISM non-manufacturing reading (considered a market-moving event), which came in at 59.5 … Continue reading Tuesday 6th March: A slew of central bank speakers take the stage today – remain vigilant during these times!

Global Markets: Asian stock markets: Nikkei down 0.67%, Shanghai Composite up 0.04%, Hang Seng down 1.34%, ASX down 0.57% Commodities: Gold at $1326.70 (+0.25%), Silver at $16.560 (+0.57%), WTI Oil at $61.41 (+0.26%), Brent Oil at $64.58 (+0.31%) Rates: US 10-year yield at 2.828, UK 10-year yield at 1.474, German 10-year yield at 0.646 News … Continue reading Monday 5th March: Trade War concerns continue to pull down markets

EUR/USD:    Weekly gain/loss: +0.20% Weekly closing price: 1.2316 Despite an earnest attempt to drive lower from weekly supply at 1.2569-1.2287 last week, the shared currency recouped its losses and concluded the week back within the lower limits of the said supply. Since late January, the pair ‘s upside has been capped by this area, … Continue reading Monday 5th March: Weekly technical outlook and review