EUR/USD: Weekly gain/loss: -0.13% Weekly closing price: 1.1746 The euro suffered its third consecutive loss last week, down from an overall peak of 1.1961. According to the weekly structure, further downside remains a strong possibility as there is little weekly support seen on the radar until we reach 1.1616. The other key thing to … Continue reading Monday 18th December: Weekly technical outlook and review
Global Markets: Asian stock markets: Nikkei fell 0.68 %, Shanghai Composite down 0.77 %, Hang Seng lost 1.09 %, ASX 200 declined 0.24 % Commodities: Gold at $1257.40, Silver at $15.94, WTI Oil at $57.13, Brent Oil at $63.34 Rates: US 10-year yield at 2.36, UK 10-year yield at 1.17, German 10-year yield at 0.30 … Continue reading Friday 15th December: European Open Briefing
EUR/USD: The shared currency experienced a rather aggressive selloff on Thursday after failing to muster enough strength to breach the H4 mid-level resistance at 1.1850. Upbeat US retail sales and weekly unemployment claims fuelled the decline, which eventually gnawed through both the 1.18 handle and October’s opening level on the H4 timeframe at 1.1788. … Continue reading Friday 15th December: Technical outlook and review
