Global Markets: Asian stock markets: Nikkei up 0.62%, Shanghai Composite up 0.63%, Hang Seng up 1.11%, ASX up 0.82% Commodities: Gold at $1328.7 (-.30%), Silver at $16.540 (-0.28%), WTI Oil at $62.78 (+0.02%), Brent Oil at $66.35 (-0.06%) Rates: US 10-year yield at 2.928, UK 10-year yield at 1.543, German 10-year yield at 0.707 News … Continue reading Friday 23rd February: Rate hike concerns ease, markets recover slightly
EUR/USD: Across the board the US dollar lost ground against the majority of its trading peers on Thursday, thus providing support to the euro (the euro holds the most weight versus the dollar index, constituting about 58% of the weighting). H4 price found active bids around the top edge of a H4 demand base … Continue reading Friday 23rd February: A number of key central bank speeches from the FOMC and BoE to keep an eye on today.
Updated March 2020 To say support and resistance (S/R) is significant is an understatement. Without knowledge of S/R, the odds of success, particularly for technical-based traders, significantly diminishes. The good news is S/R comes in all shapes and sizes; some are even calculated for you. Much like psychological numbers, or round numbers, pivot point levels … Continue reading Pivot Points: An Introduction
Global Markets: Asian stock markets: Nikkei down 1.18%, Shanghai Composite up 2.03%, Hang Seng down 1.46%, ASX up 0.12% Commodities: Gold at $1324.9 (-0.54%), Silver at $16.400 (-1.31%), WTI Oil at $61.06 (-1.01%), Brent Oil at $64.92 (-0.76%) Rates: US 10-year yield at 2.941, UK 10-year yield at 1.551, German 10-year yield at 0.723 News … Continue reading Thursday 22nd February: Interest Rate hike fears continue to drive down markets
