Category: Featured

The ECB stood pat on rates and confirmed the conclusion of QE whilst maintaining their guidance on rates

UK PM May survived a no confidence motion against her leadership Wednesday, winning the vote by 200 – 117. The vote represented a comfortable victory.

The single currency relinquished further ground to the US dollar Tuesday, recording its second consecutive daily loss.

EUR/USD: After decisively running stop-loss orders above H4 resistance (yellow) at 1.1434/1.1418 in early Asia Monday, the EUR/USD fell sharply. Further selling was observed throughout London and US sessions, as the greenback benefited from Brexit woes and fears of a global economic slowdown. Stop-loss orders beneath 1.14 were also tripped yesterday from traders looking to … Continue reading Tuesday 11th December: Greenback on strong footing this morning amid Brexit jitters.

Global Markets: Asian Stock Markets : Nikkei down 2.04%, Shanghai Composite down 0.77%, Hang Seng down 1.46%, ASX down 2.27% Commodities : Gold at $1255.30 (+0.22%), Silver at $14.69 (-0.05%), Brent Oil at $61.95 (+0.45%), WTI Oil at $52.45 (-0.30%) Rates : US 10-year yield at 2.841, UK 10-year yield at 1.273, Germany 10-year yield … Continue reading Monday 10th December: Asian Markets slump as growth concerns intensify