Fed by an additional wave of dollar bids – DXY crossed 97.50 – EUR/USD fell for a second consecutive session Thursday and shook hands with the 1.12 figure on the H4 timeframe.
26
Jun
2020
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25
Jun
2020
Thursday 25th June: Asian markets lose as IMF projects deeper contraction
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Global Markets: Asian Stock Markets : Nikkei down 1.22%, ASX down 2.48% Commodities : Gold at $1777.35 (+0.13%), Silver at $17.66 (-0.04%), Brent Oil at $40.01 (-0.74%), WTI Oil at $37.75 (-0.68%) Rates : US 10-year yield at 0.672, UK 10-year yield at 0.189, Germany 10-year yield at -0.452 News & Data: (EUR) German GfK … Continue reading Thursday 25th June: Asian markets lose as IMF projects deeper contraction
25
Jun
2020
Thursday 25th June: Technical Outlook and Review
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Sterling witnessed a sharp change in mood Wednesday, unable to maintain a presence above 1.25 on the H4 timeframe. Undermined on the back of a resurgent dollar, GBP/USD established firm position sub 1.25 and, going forward, suggests 1.24 and April’s opening level at 1.2395 may make a show.
24
Jun
2020
Wednesday 24th June: Asian markets mixed as investors weigh rising COVID cases.
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Global Markets: Asian Stock Markets : Nikkei down 0.07%, Shanghai Composite up 0.30%, Hang Seng down 0.47%, ASX up 0.19% Commodities : Gold at $1787.25 (+0.29%), Silver at $18.03 (-0.20%), Brent Oil at $42.19 (-1.03%), WTI Oil at $39.80 (-1.41%) Rates : US 10-year yield at 0.709, UK 10-year yield at 0.207, Germany 10-year yield … Continue reading Wednesday 24th June: Asian markets mixed as investors weigh rising COVID cases.
24
Jun
2020
Wednesday 24th June: Technical Outlook and Review
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Europe’s single currency extended upside Tuesday amid healthy Eurozone PMIs and additional dollar softening under 97.00 (DXY). Despite an early rebound from the underside of 1.13 on the H4 during early London hours (see M30 for clearer view), the level eventually yielded and unlocked the door to Quasimodo resistance nearby at 1.1340, which held into the close.