EUR/USD: Across the board, the US dollar rose higher against the majority of its trading peers (currently trading at 90.26 on the US dollar index) on Wednesday, consequently placing the single currency under pressure. The euro, as you can see, engulfed both a H4 channel support extended from the low 1.2336 and a psychological … Continue reading Thursday 8th February: Heavy day for the GBP today, traders
Global Markets: Asian stock markets: Nikkei up 0.15%, Shanghai Composite down 1.73%, Hang Seng down 0.45%, ASX up 0.75% Commodities: Gold at $1332.10 (+0.20%), Silver at $16.685 (+0.63%), WTI Oil at $63.80 (+0.65%), Brent Oil at $67.36 (+0.75%) Rates: US 10-year yield at 2.773, UK 10-year yield at 1.522, German 10-year yield at 0.696 News … Continue reading Wednesday 7th February: European Open Briefing
EUR/USD: Going into the early hours of London on Tuesday, the single currency sold off and eventually clocked a low of 1.2314 and from there rose 90 pips to a high of 1.2404. As you can see, the market ended the day fading the 1.24 handle on the H4 timeframe, which happens to fuse … Continue reading Wednesday 7th February: Technical outlook and review
