EURUSD: Similar price action can be observed in EUR/USD, which came under pressure following the sharp rally to 1.0650 on December 29th. The pair reached a low of 1.0450 in yesterday's New York session, and the recent price action suggests that selling interest on larger rallies remains high. Immediate resistance is now seen at 1.05, … Continue reading Tuesday 3rd January: Daily technical outlook and review.
Global Markets: Asian stock markets: Shanghai Composite gained 0.70 %, Hang Seng rose 0.65 %, ASX 200 rallied 1.10 %, Nikkei closed for holiday Commodities: Gold at $1158 (+0.55 %), Silver at $16.15 (+1.00 %), WTI Oil at $54.10 (+0.65 %), Brent Oil at $57.20 (+0.60 %) Rates: US 10-year yield at 0.19, UK 10-year … Continue reading Tuesday 3rd January 2017: European Open Briefing
EURUSD: EUR/USD rallied overnight after it broke above 1.05 resistance in the early Asian session and reached a high of 1.0653. However, this happened at a time when liquidity is the lowest, especially now ahead of New Year's Eve. The rally was quickly retraced and EUR/USD is now back at 1.0530. Overall, the outlook remains … Continue reading Friday 30th December: Daily Technical Outlook and Review
Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite rose 0.15 %, Hang Seng gained 1.00 %, ASX 200 lost 0.60 % Commodities: Gold at $1161 (+0.25 %), Silver at $16.27 (+0.35 %), WTI Oil at $53.95 (+0.30 %), Brent Oil at $57.10 (+0.45 %) Rates: US 10-year yield at 2.47, UK 10-year … Continue reading Friday 30th December: European Open Briefing
