Global Markets: Asian stock markets: Nikkei down 1.56%, Shanghai Composite down 0.56%, Hang Seng down 1.07%, ASX down 0.87% Commodities: Gold at $1333.20 (-0.54%), Silver at $17.07 (-0.33%), WTI Oil at $64.83 (-0.54 %), Brent Oil at $68.65 (-0.79%) Rates: US 10-year yield at 2.714, UK 10-year yield at 1.459, German 10-year yield at 0.685 … Continue reading Tuesday 30th January: European Open Briefing
EUR/USD: Looking at the weekly timeframe, it can clearly be seen that sellers are establishing some ground within the walls of a weekly supply at 1.2569-1.2287. What’s also prominent here is the Fibonacci cluster seen circling around the top edge of this zone (green lines): 61.8% Fib resistance at 1.2604 taken from the high … Continue reading Tuesday 30th January: Technical outlook and review
Global Markets: Asian stock markets: Nikkei down 0.04%, Shanghai Composite down 1.19%, Hang Seng down 0.51%, ASX up 0.42% Commodities: Gold at $1346.50 (-0.41%), Silver at $17.37 (-0.38%), WTI Oil at $66.30 (+0.21 %), Brent Oil at $70.01 (-0.20%) Rates: US 10-year yield at 2.697, UK 10-year yield at 1.446, German 10-year yield at 0.632 … Continue reading Monday 29th January: European Open Briefing
EUR/USD: Weekly gain/loss: +1.68% Weekly closing price: 1.2428 Despite the end-of-week correction from highs of 1.2537, the euro put in another solid performance last week. Registering its sixth consecutive weekly gain, the unit managed to advance more than 200 pips! While this is an incredibly impressive run, we still have to take into account … Continue reading Monday 29th January: Weekly technical outlook and review
