Monday 29th June: Asian markets continue to trade lower as second wave fears come closer to reality

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Global Markets: Asian Stock Markets : Nikkei down 2.30%, Shanghai Composite down 0.61%, Hang Seng down 0.99%, ASX down 1.51% Commodities : Gold at $1781.90 (+0.09%), Silver at $18.00 (-0.19%), Brent Oil at $40.27 (-1.61%), WTI Oil at $37.80 (-1.79%) Rates : US 10-year yield at 0.648, UK 10-year yield at 0.178, Germany 10-year yield … Continue reading Monday 29th June: Asian markets continue to trade lower as second wave fears come closer to reality

Monday 29th June: Weekly Technical Outlook and Review

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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.

Friday 26th June: Technical Outlook and Review

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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.