H4 timeframe reveals price established support off 1.29, despite an aggressive whipsaw to session lows at 1.2854 mid-ways through London Thursday, post BoE announcement.
Category: Recent
Thursday 7th February: Bank of England takes centre stage today – remain vigilant.
EUR/USD: The single currency sustained further losses Wednesday amid disappointing German data in the form of factory orders and construction PMI, along with broad-based US dollar bidding that pulled the DXY firmly above its 96.00 mark. The H4 candles reclaimed 1.14 to the downside in early trade yesterday, tripping stops and exposing December’s opening level … Continue reading Thursday 7th February: Bank of England takes centre stage today – remain vigilant.
Thursday 7th February: Asian markets mostly higher
Global Markets: Asian Stock Markets : Nikkei down 0.54%, ASX up 1.10% Commodities : Gold at $1308.05 (-0.48%), Silver at $15.67 (-0.21%), Brent Oil at $62.34 (-0.56%), WTI Oil at $53.74 (-0.50%) Rates : US 10-year yield at 2.693, UK 10-year yield at 1.216, Germany 10-year yield at 0.162 News & Data: (NZD) Unemployment Rate … Continue reading Thursday 7th February: Asian markets mostly higher
Wednesday 6th February: Asian markets trade higher – investors digest SoTU comments
Global Markets: Asian Stock Markets : Nikkei up 0.18%, ASX up 0.34% Commodities : Gold at $1317.65 (-0.12%), Silver at $15.80 (-0.21%), Brent Oil at $61.96 (-0.03%), WTI Oil at $53.67 (+0.02%) Rates : US 10-year yield at 2.696, UK 10-year yield at 1.230, Germany 10-year yield at 0.171 News & Data: (USD) ISM Non-Manufacturing … Continue reading Wednesday 6th February: Asian markets trade higher – investors digest SoTU comments
Wednesday 6th February: Greenback records fourth consecutive daily gain – setting the stage for further buying above 96.00
UK PM May hit the wires, defending the need for ‘legally binding changes’ to the Irish backstop. In addition to this, May’s spokesman confirmed the PM is to meet with EU’s Tusk and Juncker on Thursday.