Key risk events today: Australia NAB Business Confidence; US CPI m/m and Core CPI m/m. (Previous analysis as well as outside sources – italics). EUR/USD: The US dollar index kicked off the week on strong footing, rallying more than 1.00% and reclaiming 100.00+ status. The single currency has been relatively resilient, though is seen nearing … Continue reading Tuesday 12th May: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 1.05%, Shanghai Composite down 0.02%, Hang Seng up 1.55%, ASX up 1.30% Commodities : Gold at $1708.95 (-0.29%), Silver at $15.83 (+0.34%), Brent Oil at $30.45 (-1.68%), WTI Oil at $24.32 (-1.70%) Rates : US 10-year yield at 0.704, UK 10-year yield at 0.265, Germany 10-year yield … Continue reading Monday 11th May: Asian markets gain as investors look forward to unemployment report.
Overall, though, EUR/USD has been involved in a long-term downtrend since topping in early 2018. A nudge lower could see multi-year lows enter sight at 1.0635, while firming may eventually witness the 2020 yearly opening level at 1.1222 make a play.
Global Markets: Asian Stock Markets : Nikkei up 2.56%, Shanghai Composite up 0.83%, Hang Seng up 0.94%, ASX up 0.50% Commodities : Gold at $1730.50 (+0.27%), Silver at $15.79 (+1.26%), Brent Oil at $30.27 (+2.75%), WTI Oil at $24.70 (+4.88%) Rates : US 10-year yield at 0.635, UK 10-year yield at 0.233, Germany 10-year yield … Continue reading Friday 8th May: Asian markets gain as investors look forward to unemployment report.
Key risk events today: RBA Monetary Policy Statement; ECB President Lagarde Speaks; Canada Employment Change and Unemployment Rate; US Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate. (Previous analysis as well as outside sources – italics). EUR/USD: Sell-stops south of 1.08 were tripped in recent trading, with H4 action regaining a strong footing … Continue reading Friday 8th May: NFP Day – Remain Vigilant
