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04 Jun 2019

Tuesday 4th June: Dollar targets 97.00 as Fed’s Bullard unbolts the door for a potential rate cut.

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EUR/USD: EUR/USD bulls firmly entered an offensive phase Monday, adding 0.64%. The euro garnered broad support as the US dollar index, or DXY, came under pressure. Disappointing US ISM manufacturing PMI data as well as Chicago Fed President Bullard unbolting the door for a rate cut collectively weighed on the buck. Longer-term technical flows remain … Continue reading Tuesday 4th June: Dollar targets 97.00 as Fed’s Bullard unbolts the door for a potential rate cut.

03 Jun 2019

Monday 3rd June: Markets lower as trade situation worsens

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Global Markets: Asian Stock Markets : Nikkei down 0.92%, Shanghai Composite down 0.37%, Hang Seng down 0.27%, ASX down 1.19% Commodities : Gold at $1314.90 (+0.29%), Silver at $14.58 (+0.10%), Brent Oil at $61.24 (-1.21%), WTI Oil at $53.08 (-0.79%) Rates : US 10-year yield at 2.130, UK 10-year yield at 0.887, Germany 10-year yield … Continue reading Monday 3rd June: Markets lower as trade situation worsens

31 May 2019

Friday 31st May: US announced a 5% tariff on all goods coming from Mexico; intensifying volatility in early trade.

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EUR/USD: For traders who read Thursday’s morning brief you may recall the report underlined H4 resistance at 1.1142 (a Quasimodo support-turned resistance formation) as a potential area price may turn lower from (snippet taken from yesterday’s report): Short-term movement (H4), on the other hand, offers a possible shorting opportunity from resistance at 1.1142 (a Quasimodo … Continue reading Friday 31st May: US announced a 5% tariff on all goods coming from Mexico; intensifying volatility in early trade.