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EUR/USD:    The EUR/USD sustained further losses on Wednesday, concluding the session sub 1.23. FOMC meeting minutes aired optimism regarding growth, but remained concerned about inflation. In addition to this, there is clearly a level of anxiety in the market right now as the ten-year treasury yield nears the 3% mark. Below 1.23 on the … Continue reading Thursday 22nd February: Both FOMC and ECB take to the stage today – keep an eye on related markets

Global Markets: Asian stock markets: Nikkei up 0.32%, Hang Seng up 1.25%, ASX up 0.05% Commodities: Gold at $1329.5 (-0.12%), Silver at $16.380 (-0.35%), WTI Oil at $61.16 (-1.02%), Brent Oil at $64.72 (-0.81%) Rates: US 10-year yield at 2.888, UK 10-year yield at 1.579, German 10-year yield at 0.734 News & Data:   (AUD) Wage … Continue reading Wednesday 21st February: Asian Markets disregard weakness on Wall Street

EUR/USD:    Following a brief spell above the 1.24 handle, EUR/USD sellers took the helm on Tuesday and drove price action to session lows of 1.2320. As we hope is demonstrated on the H4 chart, this has positioned the H4 candles below a H4 broken Quasimodo line at 1.2371 and within what we like to … Continue reading Wednesday 21st February: Busy day for European markets today – remain vigilant