EUR/USD: The single currency came under substantial pressure on Monday, as the US dollar index established firm ground above the 92.00 mark. Largely ignoring upbeat European retail sales data m/m (increased by 1.5% vs. expected 1.4%), the H4 candles swallowed the large psychological handle 1.20 and struck a session low of 1.1956 on the … Continue reading Tuesday 9th January: Technical outlook and review
Global Markets: Asian stock markets: Nikkei up 0.89 %, Shanghai Composite rose 0.35 %, Hang Sang down 0.13 %, ASX 200 up 0.11 % Commodities: Gold at $1320.90 (-0.11 %), Silver at $17.23 (-0.29 %), WTI Oil at $61.62 (0.29 %), Brent Oil at $67.75 (0.04 %) Rates: US 10-year yield at 2.47, UK 10-year … Continue reading Monday 08th January: European Open Briefing
Japanese banks closed in observance of Coming-of-Age Day. EUR/USD: Weekly gain/loss: +0.26% Weekly closing price: 1.2027 Despite the fact that the EUR/USD ended the week in the green, the pair chalked up a weekly bearish selling wick around a weekly resistance level coming in at 1.2044, and a 127.2% weekly Fib ext. point at … Continue reading Monday 8th January: Weekly technical outlook and review
