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EURUSD: EUR/USD extended gains overnight and is slowly marching towards the 1.05 level. Resistance proved to be too strong there on the last test on Thursday, but it is worth to keep an eye on price action around the level, should we see another test of it. A break above would signal a short squeeze … Continue reading Wednesday 28th December: Daily technical outlook and review.

Global Markets: Asian stock markets: Nikkei up 0.20 %, Shanghai Composite fell 0.25 %, Hang Seng rose 0.05 %, ASX 200 gained 0.85 % Commodities: Gold at $1142 (+0.30 %), Silver at $16.07 (+0.50 %), WTI Oil at $53.80 (-0.20 %), Brent Oil at $56.65 (-0.30 %) Rates: US 10-year yield at 2.56, UK 10-year … Continue reading Wednesday 28th December: European Open Briefing

EUR/USD EUR/USD is still struggling following the sharp rejection off 1.05 resistance last week. It has found decent support at 1.0425, but it is looking vulnerable and a retest of the recent low at 1.0350 seems likely in the near-term. However, in the less likely event that we see a clear breakout above 1.05, the … Continue reading Tuesday 27th December: Daily technical outlook and review.

Global Markets: Asian stock markets: Nikkei down 0.06 %, Shanghai Composite gained 0.40 %, Hang Seng and ASX 200 closed for holiday Commodities: Gold at $1138 (+0.40 %), Silver at $15.87 (+0.76 %), WTI Oil at $53.15 (+0.25 %), Brent Oil at $55.90 (-0.05 %) Rates: US 10-year yield at 2.56, UK 10-year yield at … Continue reading Tuesday 27th December: European Open Briefing