Global Markets: Asian stock markets: Nikkei down 0.70 %, ASX 200 lost 0.20 %, Hang Seng and Shanghai Composite closed for holiday Commodities: Gold at $1258 (+0.32 %), Silver at $18.32 (+0.60 %), WTI Oil at $50.30 (+0.05 %), Brent Oil at $53.15 (+0.05 %) Rates: US 10-year yield at 2.33, UK 10-year yield at … Continue reading Tuesday 4th April: European Open Briefing
EUR/USD While the outlook remains bearish, there is positive Stochastic divergence on the hourly charts, suggesting the currency pair could have a small bounce before the downtrend continues. Look for the area around 1.0720 as first stronger technical resistance. To the downside, 1.06 is key. A break below that level would signal that a move … Continue reading Tuesday 4th April: Technical outlook and review
Global Markets: Asian stock markets: Nikkei up 0.25 %, Hang Seng gained 0.45 %, ASX 200 fell 0.30 %, Shanghai Composite closed for holiday Commodities: Gold at $1250 (-0.05 %), Silver at $18.24 (-0.10 %), WTI Oil at $50.50 (-0.15 %), Brent Oil at $53.40 (-0.20 %) Rates: US 10-year yield at 2.40, UK 10-year … Continue reading Monday 3rd April: European Open Briefing
EURUSD: Price is showing oversold conditions on the 4H and Daily chart, suggesting that a bounce could follow in the near-term. Nevertheless, the technical outlook for the currency pair is negative, and selling rallies the preferred strategy. Expect solid resistance at 1.0720 and 1.0750 (38.2 % Fibonacci of the March rally). Support is noted at … Continue reading Monday 3rd April: Technical outlook and review
