The aftermath of yesterday’s upbeat US employment data and declining unemployment rate witnessed the DXY hook a firm bid. This, following a retest at the underside of 1.13 on the H4, directed EUR/USD lower, settling 30 pips shy of 1.12 heading into the European close.
Global Markets: Asian Stock Markets : Nikkei up 0.11%, Shanghai Composite up 2.13%, Hang Seng up 2.71%, ASX up 1.66% Commodities : Gold at $1781.60 (+0.10%), Silver at $18.24 (+0.09%), Brent Oil at $42.48 (+1.07%), WTI Oil at $40.25 (+1.08%) Rates : US 10-year yield at 0.674, UK 10-year yield at 0.204, Germany 10-year yield … Continue reading Thursday 2nd July: Investors await US jobs data
The British pound continued to add to gains against the US dollar Wednesday, latching onto a strong grip following the break of the 1.24 handle on the H4 and June’s opening level at 1.2345, as well as trend line resistance, taken from the high 1.2813.
Global Markets: Asian Stock Markets : Nikkei down 0.75%, Shanghai Composite up 1.38%, ASX up 0.62% Commodities : Gold at $1806.95 (+0.36%), Silver at $18.75 (+0.59%), Brent Oil at $42.20 (+2.25%), WTI Oil at $40.20 (+2.37%) Rates : US 10-year yield at 0.682, UK 10-year yield at 0.189, Germany 10-year yield at -0.439 News & … Continue reading Wednesday 1st July: Asian markets mixed on upbeat Chinese data
It was a one-sided market as GBP/USD overthrew the 1.23 handle and June’s opening level at 1.2345, structure based on the H4 timeframe. This led to a near-test of 1.24, a level merging with April’s opening level at 1.2395 and two trend line resistances (1.2075/1.2813).
