GBP/USD bulls went on the offensive last week and pencilled in healthy upside. With respect to structure on the weekly timeframe, support resides at 1.2163, a Quasimodo formation
07
Jul
2020
Category: Recent
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05
Jul
2020
Monday 6th July: Weekly Technical Outlook and Review
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The aftermath of Thursday’s upbeat US employment data and declining unemployment rate witnessed the DXY hook a firm bid. This, following a retest at the underside of 1.13 (sited beneath Quasimodo resistance at 1.1340), directed EUR/USD lower, settling around July’s opening level at 1.1235.
03
Jul
2020
Friday 3rd July: Asian markets gain on US non-farm payrolls
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Global Markets: Asian Stock Markets : Nikkei up 0.66%, Shanghai Composite up 2.01%, Hang Seng up 0.99%, ASX up 0.42% Commodities : Gold at $1784.00 (-0.34%), Silver at $18.24 (-0.46%), Brent Oil at $42.64 (-1.16%), WTI Oil at $40.16 (-1.21%) Rates : US 10-year yield at 0.669, UK 10-year yield at 0.179, Germany 10-year yield … Continue reading Friday 3rd July: Asian markets gain on US non-farm payrolls
03
Jul
2020
Friday 3rd July: Technical Outlook and Review – US Banks Closed in Observance of Independence Day
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The aftermath of yesterday’s upbeat US employment data and declining unemployment rate witnessed the DXY hook a firm bid. This, following a retest at the underside of 1.13 on the H4, directed EUR/USD lower, settling 30 pips shy of 1.12 heading into the European close.
02
Jul
2020
Thursday 2nd July: Investors await US jobs data
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Global Markets: Asian Stock Markets : Nikkei up 0.11%, Shanghai Composite up 2.13%, Hang Seng up 2.71%, ASX up 1.66% Commodities : Gold at $1781.60 (+0.10%), Silver at $18.24 (+0.09%), Brent Oil at $42.48 (+1.07%), WTI Oil at $40.25 (+1.08%) Rates : US 10-year yield at 0.674, UK 10-year yield at 0.204, Germany 10-year yield … Continue reading Thursday 2nd July: Investors await US jobs data