EUR/USD: By way of a daily bearish engulfing formation, the euro declined 0.34% against the US dollar Wednesday, consequently reclaiming the 1.13 handle on the H4 timeframe. According to the newswires, the buck caught a bid following China’s Global Times editor hinting China is preparing for a prolonged trade war. With 1.13 now likely to … Continue reading Thursday 13th June: Broad-based dollar buying has 97.00 in view as potential resistance.
Global Markets: Asian Stock Markets : Nikkei down 0.17%, Shanghai Composite down 0.61%, Hang Seng down 1.81%, ASX up 0.07% Commodities : Gold at $1335.95 (+0.36%), Silver at $14.77 (+0.22%), Brent Oil at $61.27 (-1.64%), WTI Oil at $52.31 (-1.80%) Rates : US 10-year yield at 2.134, UK 10-year yield at 0.849, Germany 10-year yield … Continue reading Wednesday 12th June: Asian markets on the backfoot as they wait for US inflation data
EUR/USD: Outlook unchanged due to lacklustre movement. It was a quiet session in the EUR/USD domain Tuesday, with in-line US PPI data doing little to rock the boat. For folks who read Tuesday’s briefing you may recall focus was on further buying from 1.13, targeting 1.1347 (last Friday’s peak) and ultimately 1.14/1.1374 (green – comprised … Continue reading Wednesday 12th June: ECB President Mario Draghi takes centre stage today – remain vigilant.
Global Markets: Asian Stock Markets : Nikkei up 0.35%, Shanghai Composite up 1.95%, Hang Seng up 0.75%, ASX up 1.49% Commodities : Gold at $1332.75 (+0.26%), Silver at $14.70 (+0.40%), Brent Oil at $62.51 (+0.35%), WTI Oil at $53.65 (+0.73%) Rates : US 10-year yield at 2.150, UK 10-year yield at 0.835, Germany 10-year yield … Continue reading Tuesday 11th June: Asian markets gain US Mexico deal.
EUR/USD: Following Friday’s NFP-induced advance, the single currency encountered mild downside pressure Monday amid reports suggesting the European Central Bank (ECB) is mulling further easing. The euro concluded the day down 0.18% versus the US dollar. From a technical standpoint, EUR/USD bulls remain underlining an offensive state out of a long-standing weekly demand zone at … Continue reading Tuesday 11th June: Greenback attempting a recovery ahead of PPI numbers.
