EUR/USD: Weekly Gain/Loss: -0.19% Weekly Close: 1.1318 Weekly perspective: Despite the EUR/USD ranging in excess of 130 pips last week, the pair concluded trade by way of an indecision candle, albeit sporting a mild bearish tone. With respect to structure, traders’ crosshairs likely remain fixed on resistance priced in at 1.1465 (which, as you can … Continue reading Monday 3rd December: Weekly technical outlook and review.
Global Markets: Asian Stock Markets : Nikkei down 0.06%, Shanghai Composite up 0.48%, Hang Seng up 0.43%, ASX down 1.58% Commodities : Gold at $1229.80 (-0.05%), Silver at $14.39 (-0.12%), Brent Oil at $60.12 (+0.35%), WTI Oil at $51.52 (+0.14%) Rates : US 10-year yield at 3.026, UK 10-year yield at 1.364, Germany 10-year yield … Continue reading Friday 30th November: Asian Stocks higher, Australia lower
EUR/USD: Despite a reasonably busy calendar Thursday, the EUR/USD concluded its session reporting limited movement, up 0.23% on the day. Most notable was the FOMC meeting minutes, with the majority of participants stating rate hikes were likely warranted ‘fairly soon’ if the US job and inflation data were in line with or stronger than the … Continue reading Friday 30th November: US-China relations fragile ahead of G20 – USD stable just south of 97.00
Global Markets: Asian Stock Markets : Nikkei up 0.34%, Shanghai Composite down 1.32%, Hang Seng down 1.01%, ASX up 0.58% Commodities : Gold at $1231.70 (+0.35%), Silver at $14.45 (+0.24%), Brent Oil at $59.05 (-0.07%), WTI Oil at $50.51 (+0.40%) Rates : US 10-year yield at 3.021, UK 10-year yield at 1.376, Germany 10-year yield … Continue reading Thursday 29th November: Asian Stocks Rise on heels of Wall Street gains; Fed Dovish
EUR/USD: Breaking a three-day bearish phase, the EUR/USD recovered in strong fashion Wednesday, following comments by Fed Chair Powell. He stated interest rates are just below the broad range of estimates of the neutral rate (which is estimated at between 2.50% and 3.50%), and the Fed was not on a pre-set policy course. Despite a … Continue reading Thursday 29th November: FOMC meeting minutes eyed.
