EUR/USD: Despite registering its fifth consecutive daily gain, the single currency employed a more subtle approach on Thursday, spending the majority of the day confined between the 1.25 handle and a H4 support area at 1.2475-1.2460. Eventually, though, we did see H4 price end the day closing marginally above the 1.25 mark in the … Continue reading Friday 16th February: US housing data in the spotlight at 1.30pm GMT – remain vigilant!
Global Markets: Asian stock markets: Nikkei up 1.51%, Hang Seng up 1.75%, ASX up 1.16% Commodities: Gold at $1357.80 (-0.04%), Silver at $16.890 (+0.07%), WTI Oil at $61.45 (+1.40%), Brent Oil at $65.6 (+1.09%) Rates: US 10-year yield at 2.913, UK 10-year yield at 1.645, German 10-year yield at 0.761 News & Data: (AUD) Unemployment … Continue reading Thursday 15th February: Markets ignore higher inflation numbers
EUR/USD: After swiftly rebounding from the 1.23 handle, the attention moved back towards the narrative of a weaker US dollar as EUR/USD prices surged. Several tech resistances were engulfed, including a daily resistance level plotted at 1.2359 (now acting support). In addition to this, we can also see that weekly price recouped all of … Continue reading Thursday 15th February: Chinese banks will be closed in observance of the Spring Festival
