EUR/USD: Since last Tuesday, the single currency has been carving out a range amid the H4 mid-level resistance barrier at 1.2350 and the 1.23 handle. Overhead, we have a nearby H4 resistance planted at 1.2371, whereas below there’s a H4 demand zone at 1.2235-1.2261 (tested last Thursday). Mondays are notorious for being slow. This … Continue reading Tuesday 27th February: Fed Chair Powell Testifies – keep an eye on dollar markets
Global Markets: Asian stock markets: Nikkei up 1.22%, Shanghai Composite up 1.30%, Hang Seng up 0.79%, ASX up 0.71% Commodities: Gold at $1341.3 (+0.83%), Silver at $16.695 (+1.28%), WTI Oil at $63.83 (+0.44%), Brent Oil at $67.21 (+0.25%) Rates: US 10-year yield at 2.857, UK 10-year yield at 1.514, German 10-year yield at 0.651 News … Continue reading Monday 26th February: Markets cautious in anticipation of eventful week
EUR/USD: Weekly gain/loss: -0.82% Weekly closing price: 1.2293 Over the course of last week, the single currency turned lower and eroded much of the prior week’s upside move. Longer term, the EUR/USD remains capped within a weekly supply base coming in at 1.2569-1.2287. Circling around the top edge of this area, traders may have … Continue reading Monday 26th February: Weekly technical outlook and review.
