Wednesday 19th June: Dollar index trades at weekly resistance 97.72 ahead of today’s crucial FOMC meeting.

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EUR/USD: The euro witnessed a reasonably robust decline vs. its US counterpart Tuesday, following ECB’s President Draghi opening the door for further monetary stimulus, as well as the ZEW Indicator of economic sentiment for Germany decreasing sharply in June 2019 – stands at -21.1 points. For folks who read Tuesday’s technical report you may recall … Continue reading Wednesday 19th June: Dollar index trades at weekly resistance 97.72 ahead of today’s crucial FOMC meeting.

Tuesday 18th June: Thin volumes as investors await Fed outcomes with crossed fingers

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Global Markets: Asian Stock Markets : Nikkei down 0.80%, Shanghai Composite down 0.19%, Hang Seng up 0.84%, ASX up 0.57% Commodities : Gold at $1349.05 (+0.46%), Silver at $14.88 (+0.36%), Brent Oil at $60.84 (-0.16%), WTI Oil at $51.80 (-0.25%) Rates : US 10-year yield at 2.075, UK 10-year yield at 0.853, Germany 10-year yield … Continue reading Tuesday 18th June: Thin volumes as investors await Fed outcomes with crossed fingers

Tuesday 18th June: Dollar trades flat ahead of crucial FOMC minutes Wednesday.

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EUR/USD: The single currency was uninspired Monday, with action likely restricted throughout the markets ahead of the Fed’s decision later this week. As is evident from the H4 setting this morning, the candles remain engaged with the 1.12/1.1221 neighbourhood (comprised of April and May’s opening levels at 1.1221 and 1.1211, the round number 1.12 and … Continue reading Tuesday 18th June: Dollar trades flat ahead of crucial FOMC minutes Wednesday.