Global Markets: Asian stock markets: Nikkei down 1.12%, Hang Seng down 0.38%, ASX flat Commodities: Gold at $1342.20 (-1.03%), Silver at $16.510 (-1.21%), WTI Oil at $62.20 (+1.06%), Brent Oil at $65.47 (-0.30%) Rates: US 10-year yield at 2.904, UK 10-year yield at 1.598, German 10-year yield at 0.732 News & Data: (NZD) PPI Output … Continue reading Tuesday 20th February: Stronger Dollar, Commodities lower
EUR/USD: Despite attempts to bid price higher from the 1.24 handle seen on the H4 timeframe, the euro failed to sustain gains above February’s opening level based at 1.2417. This saw price action recently connect with a H4 broken Quasimodo line coming in at 1.2371, which, as you can see, has held firm and … Continue reading Tuesday 20th February: Little to shout about in terms of economic data – focus remains on the dollar
Global Markets: Asian stock markets: Nikkei up 1.94%, ASX up 0.64% Commodities: Gold at $1349.90 (-0.46%), Silver at $16.630 (-0.47%), WTI Oil at $62.28 (+1.19%), Brent Oil at $65.36 (+0.80%) Rates: US 10-year yield at 2.873, UK 10-year yield at 1.580, German 10-year yield at 0.707 News & Data: (USD) Prelim UoM Consumer Sentiment 99.9 … Continue reading Monday 19th February: VIX falls, Markets gain!
EUR/USD: Weekly gain/loss: +1.39% Weekly closing price: 1.2409 EUR/USD bulls went on the offensive over the course of last week, reversing the majority of the prior week’s downside move. Despite clocking fresh highs of 1.2555, however, weekly price remains capped within a weekly supply base coming in at 1.2569-1.2287. Circling around the top edge … Continue reading Monday 19th February: Weekly technical outlook and review – US banks closed in observance of Presidents’ Day.
