The British pound concluded a shade lower against the greenback Monday, fading H4 Quasimodo resistance at 1.2653. Downside had the unit breach channel support, taken from the low 1.2257 (and retest the underside of the latter as resistance), and compete with orders at 1.26 as well as May’s opening level at 1.2583.
Global Markets: Asian Stock Markets : Nikkei up 2.22%, Shanghai Composite up 1.77%, Hang Seng up 0.38%, ASX up 0.98% Commodities : Gold at $1808.75 (+0.38%), Silver at $19.42 (+1.92%), Brent Oil at $42.80 (-1.02%), WTI Oil at $40.10 (-1.11%) Rates : US 10-year yield at 0.637, UK 10-year yield at 0.166, Germany 10-year yield … Continue reading Monday 13th July: Chinese markets lead the way
Europe’s single currency reclaimed earlier losses Friday, latching onto a healthy bid off 1.1255 to 1.13 against the buck, boosted by US producer prices unexpectedly declining in June.
Global Markets: Asian Stock Markets : Nikkei down 1.06%, Shanghai Composite down 1.95%, Hang Seng down 2.09%, ASX down 0.61% Commodities : Gold at $1804.85 (+0.06%), Silver at $19.01 (+0.26%), Brent Oil at $41.77 (-1.37%), WTI Oil at $38.94 (-1.72%) Rates : US 10-year yield at 0.589, UK 10-year yield at 0.142, Germany 10-year yield … Continue reading Friday 10th July: COVID anxiety rules markets
EUR/USD, based on the H4 timeframe, chalked up a two-candle fakeout through Quasimodo resistance at 1.1340, reaching highs at 1.1370, and headed marginally south of 1.13 into the European close.
