After a dominant showing off 1.2647 the week prior, shaped as a shooting star candlestick pattern, last week’s movement slipped to lows at 1.2247, led by an overall stronger dollar. GBP/USD now has eyes for support at 1.2200.
Global Markets: Asian Stock Markets : Nikkei down 0.86%, Shanghai Composite down 1.06%, Hang Seng down 0.35%, ASX up 0.49% Commodities : Gold at $1750.80 (+0.31%), Silver at $15.38 (+0.17%), Brent Oil at $21.60 (+1.27%), WTI Oil at $16.73 (+1.39%) Rates : US 10-year yield at 0.593, UK 10-year yield at 0.271, Germany 10-year yield … Continue reading Friday 24th April: Asian markets lower as FT reports Gilead’s medicine to have been ineffective in China trials
Key risk events today: UK Retail Sales m/m; German IFO Business Climate; US Core Durable Goods Orders m/m and Durable Goods Orders m/m. (Previous analysis as well as outside sources – italics). EUR/USD: In recent hours, EUR/USD gave up its 1.08 handle, breaching the 1.0768 April 6 low. Sour Eurozone Flash Manufacturing/Services PMIs, along with … Continue reading Friday 24th April: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 1.52%, Shanghai Composite down 0.19%, Hang Seng up 0.09%, ASX down 0.08% Commodities : Gold at $1739.30 (+0.06%), Silver at $15.54 (+1.34%), Brent Oil at $21.77 (+6.87%), WTI Oil at $15.05 (+9.22%) Rates : US 10-year yield at 0.622, UK 10-year yield at 0.335, Germany 10-year yield … Continue reading Thursday 23rd April: Asian markets gain on positive cues
Key risk events today: Eurozone Flash Manufacturing/Services PMIs; UK Flash Manufacturing/Services PMIs; US Unemployment Claims; US Flash Manufacturing/Services PMIs. EUR/USD: The US dollar index retained its underlying bid Wednesday, establishing a reasonably firm position north of 100.00. EUR/USD found thin air south of 1.09 into US hours and retreated sub 1.0850, with (technical) eyes likely … Continue reading Thursday 23rd April: Dollar Higher Ahead of US Unemployment Data
