Europe’s shared currency settled Friday little moved, with downside attempts contained at 1.12. Quasimodo support at 1.1185 remains in the crosshairs south of the round number, as does the 127.2% Fibonacci extension point at 1.1150 and 50.00% retracement ratio at 1.1146.
Global Markets: Asian Stock Markets : Nikkei up 1.13%, Hang Seng down 0.85%, ASX up 1.49% Commodities : Gold at $1775.65 (+0.29%), Silver at $17.93 (+0.18%), Brent Oil at $41.08 (+0.07%), WTI Oil at $38.67 (-0.13%) Rates : US 10-year yield at 0.674, UK 10-year yield at 0.158, Germany 10-year yield at -0.473 News & … Continue reading Friday 26th June: Asian markets continue to trade mixed
Fed by an additional wave of dollar bids – DXY crossed 97.50 – EUR/USD fell for a second consecutive session Thursday and shook hands with the 1.12 figure on the H4 timeframe.
Global Markets: Asian Stock Markets : Nikkei down 1.22%, ASX down 2.48% Commodities : Gold at $1777.35 (+0.13%), Silver at $17.66 (-0.04%), Brent Oil at $40.01 (-0.74%), WTI Oil at $37.75 (-0.68%) Rates : US 10-year yield at 0.672, UK 10-year yield at 0.189, Germany 10-year yield at -0.452 News & Data: (EUR) German GfK … Continue reading Thursday 25th June: Asian markets lose as IMF projects deeper contraction
Sterling witnessed a sharp change in mood Wednesday, unable to maintain a presence above 1.25 on the H4 timeframe. Undermined on the back of a resurgent dollar, GBP/USD established firm position sub 1.25 and, going forward, suggests 1.24 and April’s opening level at 1.2395 may make a show.
