Key risk events today: RBA Monetary Policy Meeting Minutes; RBA Gov Lowe Speaks; UK Employment Data; German ZEW Economic Sentiment. (Previous analysis as well as outside sources – italics). EUR/USD: It’s been a slow start to the week for EUR/USD, concluding the London session pretty much unchanged. Ranging no more than 55 points on the … Continue reading Tuesday 21st April: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei down 1.15%, Shanghai Composite up 0.50%, Hang Seng down 0.37%, ASX down 2.45% Commodities : Gold at $1687.90 (-0.64%), Silver at $15.32 (+0.15%), Brent Oil at $27.35 (-2.60%), WTI Oil at $23.59 (-5.75%) Rates : US 10-year yield at 0.634, UK 10-year yield at 0.308, Germany 10-year yield … Continue reading Monday 20th April: Asian markets mixed; looking to earnings.
Price action, based on the weekly chart, remains linked with its 2016 yearly opening level at 1.0873. Skies above are reasonably blue; a run to the 2020 yearly opening level at 1.1222, shadowed by a Quasimodo resistance at 1.1239 is not out of the question.
Global Markets: Asian Stock Markets : Nikkei up 3.15%, Shanghai Composite up 0.66%, Hang Seng up 1.33%, ASX up 1.31% Commodities : Gold at $1710.40 (-1.23%), Silver at $15.35 (-1.75%), Brent Oil at $27.80 (-0.07%), WTI Oil at $18.12 (-8.81%) Rates : US 10-year yield at 0.643, UK 10-year yield at 0.297, Germany 10-year yield … Continue reading Friday 17th April: Asian markets gain on US economy reopening
Key risk events today: China GDP y/y; China Fixed Asset Investment ytd/y; China Industrial Production y/y. (Previous analysis as well as outside sources – italics). EUR/USD: Painful US data by way of unemployment claims (albeit outdid consensus) and another worrying regional Fed survey did little to hamper dollar gains Thursday. The US dollar index powered … Continue reading Friday 17th April: Technical Outlook and Review.
