Should price action remain beneath this base, further downside is likely in store for the EUR/USD, while an upside violation could prompt a retest at the weekly resistance area 1.1119-1.1295.
17
Nov
2019
Category: Recent
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15
Nov
2019
Friday 15th November: US retail sales eyed as the dollar recedes lower.
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Shaped by way of a bullish outside day configuration, EUR/USD movement recovered in reasonably robust fashion Thursday. Data out of Germany came with an upbeat tone and markets largely shrugged off better-than-expected US PPI figures.
14
Nov
2019
Thursday 14th November: Asian markets mixed as Chinese Industrial Production misses estimates
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Global Markets: Asian Stock Markets : Nikkei down 0.76%, Shanghai Composite up 0.16%, Hang Seng down 1.41%, ASX up 0.55% Commodities : Gold at $1467.75 (+0.30%), Silver at $16.97 (+0.35%), Brent Oil at $62.67 (+0.48%), WTI Oil at $57.44 (+0.56%) Rates : US 10-year yield at 1.855, UK 10-year yield at 0.762, Germany 10-year yield … Continue reading Thursday 14th November: Asian markets mixed as Chinese Industrial Production misses estimates
14
Nov
2019
Thursday 14th November: Dollar stable ahead of Powell testimony.
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Federal Reserve Chairman Jerome Powell, in his testimony to the Congressional Joint Economic Committee, largely stuck to the script – policy on hold unless there is a meaningful change in the outlook.
13
Nov
2019
Wednesday 13th November: Asian markets fall as tensions from Hong Kong’s turmoil spills over
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Global Markets: Asian Stock Markets : Nikkei down 0.85%, Shanghai Composite down 0.41%, Hang Seng down 2.09%, ASX down 0.81% Commodities : Gold at $1463.15 (+0.65%), Silver at $16.92 (+1.35%), Brent Oil at $61.77 (-0.47%), WTI Oil at $56.56 (-0.42%) Rates : US 10-year yield at 1.921, UK 10-year yield at 0.813, Germany 10-year yield … Continue reading Wednesday 13th November: Asian markets fall as tensions from Hong Kong’s turmoil spills over