Monday 10th December: Asian Markets slump as growth concerns intensify

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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

Monday 10th December: Weekly technical outlook and review.

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EUR/USD: Weekly Gain/Loss: +0.38% Weekly Close: 1.1393 Weekly perspective: The single currency staged a reasonably decisive recovery over the course of last week, breaking a two-week bearish phase. Further buying, however, may be challenging. Less than 100 pips overhead resistance is seen priced in at 1.1465, which, as you can probably see, brings with it … Continue reading Monday 10th December: Weekly technical outlook and review.

Friday 7th December: Asian Markets try to hold the fort as sentiment sours

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Global Markets: Asian Stock Markets : Nikkei up 0.79%, Shanghai Composite up 0.00%, Hang Seng down 0.10%, ASX up 0.42% Commodities : Gold at $1244.45 (+0.07%), Silver at $14.54 (+0.18%), Brent Oil at $59.48 (-0.97%), WTI Oil at $51.02 (-0.91%) Rates : US 10-year yield at 2.888, UK 10-year yield at 1.230, Germany 10-year yield … Continue reading Friday 7th December: Asian Markets try to hold the fort as sentiment sours

Friday 7th December: US employment figures eyed – expect volatility.

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EUR/USD: Swarmed by an almost clean sweep of sub-forecast US employment data, the EUR/USD concluded Thursday in positive territory, up 0.28%. Leaving November’s opening level on the H4 at 1.1314 unchallenged, the pair approached its 1.14 space, which happens to merge closely with a trend line resistance (etched from the high 1.1621). Price action topped … Continue reading Friday 7th December: US employment figures eyed – expect volatility.