Monday 15th June: Weekly Technical Outlook and Review

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A favourable euro wind elevated EUR/USD over the past three weeks, recently delivering a blow to the 2020 yearly opening level at 1.1222. However, impetus lacked in recent trade after shaking hands with long-standing trend line resistance, extended from the high 1.2555.

Friday 12th June: Asian markets lower as US tumbles on second wave fears.

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Global Markets: Asian Stock Markets : Nikkei down 0.74%, Shanghai Composite down 0.04%, Hang Seng down 1.11%, ASX down 1.89% Commodities : Gold at $1737.40 (-0.14%), Silver at $17.71 (-0.99%), Brent Oil at $37.41 (-2.96%), WTI Oil at $35.11 (-3.38%) Rates : US 10-year yield at 0.684, UK 10-year yield at 0.194, Germany 10-year yield … Continue reading Friday 12th June: Asian markets lower as US tumbles on second wave fears.

Friday 12th June: Technical Outlook and Review

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USD longs made a comeback Thursday, with the DXY staging a stronger-than-expected recovery above 96.50. This firmly weighed on the euro, the largest component of the index making up almost 58%.

Thursday 11th June: Asian markets lower on Fed’s comments

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Global Markets: Asian Stock Markets : Nikkei down 2.82%, Shanghai Composite down 0.78%, Hang Seng down 2.17%, ASX down 3.05% Commodities : Gold at $1743.15 (+1.30%), Silver at $18.05 (+1.40%), Brent Oil at $40.13 (-3.83%), WTI Oil at $37.97 (-4.12%) Rates : US 10-year yield at 0.698, UK 10-year yield at 0.225, Germany 10-year yield … Continue reading Thursday 11th June: Asian markets lower on Fed’s comments