The pair marched higher in early European hours, though failed to sustain gains north of 1.0860 heading into US trade, resulting in price retreating to a H4 channel resistance-turned support, taken from the high 1.0990, sited just ahead of 1.08.
Global Markets: Asian Stock Markets : Nikkei up 2.71%, Shanghai Composite up 0.25%, Hang Seng up 2.09%, ASX up 1.50% Commodities : Gold at $1738.25 (+0.15%), Silver at $15.34 (+0.47%), Brent Oil at $23.67 (-4.59%), WTI Oil at $14.70 (-13.22%) Rates : US 10-year yield at 0.618, UK 10-year yield at 0.285, Germany 10-year yield … Continue reading Monday 27th April: Asian markets gain on BoJ stimulus
After a dominant showing off 1.2647 the week prior, shaped as a shooting star candlestick pattern, last week’s movement slipped to lows at 1.2247, led by an overall stronger dollar. GBP/USD now has eyes for support at 1.2200.
Global Markets: Asian Stock Markets : Nikkei down 0.86%, Shanghai Composite down 1.06%, Hang Seng down 0.35%, ASX up 0.49% Commodities : Gold at $1750.80 (+0.31%), Silver at $15.38 (+0.17%), Brent Oil at $21.60 (+1.27%), WTI Oil at $16.73 (+1.39%) Rates : US 10-year yield at 0.593, UK 10-year yield at 0.271, Germany 10-year yield … Continue reading Friday 24th April: Asian markets lower as FT reports Gilead’s medicine to have been ineffective in China trials
Key risk events today: UK Retail Sales m/m; German IFO Business Climate; US Core Durable Goods Orders m/m and Durable Goods Orders m/m. (Previous analysis as well as outside sources – italics). EUR/USD: In recent hours, EUR/USD gave up its 1.08 handle, breaching the 1.0768 April 6 low. Sour Eurozone Flash Manufacturing/Services PMIs, along with … Continue reading Friday 24th April: Technical Outlook and Review
