Key risk events today: BoJ Governor Kuroda Speaks. EUR/USD: Weekly gain/loss: -1.26% Weekly close: 1.1224 Weekly perspective: Since early November 2018, a long-standing demand area at 1.1119-1.1295 has capped downside. As impressive as this is, impetus is lacking as price is unable to overthrow the 2019 yearly opening level (resistance) at 1.1445. Areas outside of … Continue reading Monday 8th July: Weekly technical outlook and review
Global Markets: Asian Stock Markets : Nikkei up 0.13%, Shanghai Composite up 0.18%, Hang Seng up 0.13%, ASX up 0.59% Commodities: Gold at $1417.35 (-0.25%), Silver at $15.27 (-0.44%), Brent Oil at $63.18 (-0.19%), WTI Oil at $56.69 (-1.13%) Rates : US 10-year yield at 1.941, UK 10-year yield at 0.675, Germany 10-year yield at … Continue reading Friday 5th July: Asian markets flat before US Payrolls test
Key risk events: Canadian Employment Change and Unemployment Rate; US Average Hourly Earnings m/m; US Non-Farm Employment Change; US Unemployment Rate. EUR/USD: Volatility fell Thursday as US traders celebrated 4th July, leaving the EUR/USD ranging no more than 25 points, with dovish comments from ECB’s Rehn doing little to help the single currency. As markets … Continue reading Friday 5th July: US non-farm payrolls takes centre stage today – remain vigilant.
Global Markets: Asian Stock Markets : Nikkei up 0.26%, Shanghai Composite down 0.21%, Hang Seng up 0.07%, ASX up 0.56% Commodities: Gold at $1417.25 (-0.26%), Silver at $15.32 (-0.12%), Brent Oil at $63.25 (-0.89%), WTI Oil at $56.84 (-0.87%) Rates : US 10-year yield at 1.953, UK 10-year yield at 0.698, Germany 10-year yield at … Continue reading Thursday 4th July: Asian markets mixed after Wall Street’s record highs
Key risk events today: Australian Retail Sales m/m; US banks are closed in observance of Independence Day. EUR/USD: The EUR/USD extended its consolidation phase Wednesday, confined within a narrow trading band sub 1.13 on the H4 timeframe. Macroeconomic data out of the US came in lower than anticipated, though was largely ignored. US ADP Private-sector … Continue reading Thursday 4th July: US banks are closed in observance of Independence Day – liquidity may thin out.
