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30 May 2019

Thursday 30th May: Liquidity may thin today given major European banks closing in observance of Ascension Day.

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EUR/USD: Recording its third consecutive daily loss, the EUR/USD is seen nursing losses just north of a H4 Quasimodo support at 1.1118 as we head into Asia Pac hours. Having seen this Quasimodo already hold price higher once already last week, the 1.11 handle may elbow its way into the spotlight should further selling materialise. … Continue reading Thursday 30th May: Liquidity may thin today given major European banks closing in observance of Ascension Day.

29 May 2019

Wednesday 29th May: Asian markets track negative cues from Wall Street

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Global Markets: Asian Stock Markets : Nikkei down 1.23%, Shanghai Composite up 0.14%, Hang Seng down 0.19%, ASX down 0.71% Commodities : Gold at $1280.75 (+0.29%), Silver at $14.36 (+0.26%), Brent Oil at $68.06 (-0.89%), WTI Oil at $58.48 (-1.12%) Rates : US 10-year yield at 2.241, UK 10-year yield at 0.927, Germany 10-year yield … Continue reading Wednesday 29th May: Asian markets track negative cues from Wall Street

29 May 2019

Wednesday 29th May: US dollar index poised to approach 98.00.

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EUR/USD: In recent sessions, the market witnessed the euro cede further ground to the dollar, down 0.28% on the day. Better-than-expected consumer confidence numbers out of the US provided fresh impetus, with the greenback now eyeing 98.00 once again (DXY). The recent EUR/USD decline had the H4 candles penetrate local support at 1.1180 (now acting … Continue reading Wednesday 29th May: US dollar index poised to approach 98.00.

28 May 2019

Tuesday 28th May: Markets optimistic as Trump concludes Japan visit

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Global Markets: Asian Stock Markets : Nikkei up 0.43%, Shanghai Composite up 0.79%, Hang Seng up 0.54%, ASX up 0.53% Commodities : Gold at $1282.55 (-0.08%), Silver at $14.53 (-0.15%), Brent Oil at $68.93 (+0.23%), WTI Oil at $59.31 (+1.16%) Rates : US 10-year yield at 2.311, UK 10-year yield at 0.959, Germany 10-year yield … Continue reading Tuesday 28th May: Markets optimistic as Trump concludes Japan visit

28 May 2019

Tuesday 28th May: Greenback in positive territory despite lacklustre market.

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EUR/USD: Monday’s session witnessed the EUR/USD tick higher to 1.1215 in early trading, though failed to capitalise on the move, slipping back below the 1.12 handle amid holiday-thinned conditions. The absence of macroeconomic releases exacerbated the lack of volatility, although the greenback finished the day modestly up against most rivals. European Elections had only a … Continue reading Tuesday 28th May: Greenback in positive territory despite lacklustre market.