Global Markets: Asian stock markets: Nikkei down 4.76%, Shanghai Composite down 3.41%, Hang Seng down 4.59%, ASX down 3.20% Commodities: Gold at $1345.80 (+0.70%), Silver at $16.85 (+1.10%), WTI Oil at $63.48 (-1.04%), Brent Oil at $66.94 (-1.01%) Rates: US 10-year yield at 2.708, UK 10-year yield at 1.562, German 10-year yield at 0.727 News … Continue reading Tuesday 6th February: European Open Briefing
EUR/USD: Dollar bulls went on the offensive in recent sessions (key monthly support at 88.50 seen plotted on the US dollar index was recently brought into the fray), forcing the EUR/USD to turn lower and revisit February’s opening level (H4) at 1.2417/1.24 handle. Technically speaking, 1.24/1.2417 is not an area we’d label a high-probability … Continue reading Tuesday 6th February: Technical outlook and review
Global Markets: Asian stock markets: Nikkei down 2.53%, Shanghai Composite up 0.40%, Hang Seng down 1.19%, ASX down 1.56% Commodities: Gold at $1334.40 (-0.22%), Silver at $16.66 (-0.29%), WTI Oil at $64.89 (-0.86%), Brent Oil at $67.94 (-0.94%) Rates: US 10-year yield at 2.866, UK 10-year yield at 1.563, German 10-year yield at 0.763 News … Continue reading Monday 5th February: European Open Briefing
EUR/USD: Weekly gain/loss: +0.28% Weekly closing price: 1.2455 Over the course of last week’s movement, the single currency managed to record its seventh consecutive weekly gain! While this is an incredibly impressive run, weekly price (once again) concluded the week closing within the walls of a strong-looking weekly supply area at 1.2569-1.2287, along with … Continue reading Monday 5th February: Weekly technical outlook and review
