Price action, based on the weekly chart, remains linked with its 2016 yearly opening level at 1.0873. Skies above are reasonably blue; a run to the 2020 yearly opening level at 1.1222, shadowed by a Quasimodo resistance at 1.1239 is not out of the question.
Global Markets: Asian Stock Markets : Nikkei up 3.15%, Shanghai Composite up 0.66%, Hang Seng up 1.33%, ASX up 1.31% Commodities : Gold at $1710.40 (-1.23%), Silver at $15.35 (-1.75%), Brent Oil at $27.80 (-0.07%), WTI Oil at $18.12 (-8.81%) Rates : US 10-year yield at 0.643, UK 10-year yield at 0.297, Germany 10-year yield … Continue reading Friday 17th April: Asian markets gain on US economy reopening
Key risk events today: China GDP y/y; China Fixed Asset Investment ytd/y; China Industrial Production y/y. (Previous analysis as well as outside sources – italics). EUR/USD: Painful US data by way of unemployment claims (albeit outdid consensus) and another worrying regional Fed survey did little to hamper dollar gains Thursday. The US dollar index powered … Continue reading Friday 17th April: Technical Outlook and Review.
Global Markets: Asian Stock Markets : Nikkei down 1.33%, Shanghai Composite up 0.31%, Hang Seng down 0.46%, ASX down 0.92% Commodities : Gold at $1756.70 (+0.95%), Silver at $15.82 (+2.03%), Brent Oil at $27.54 (-0.54%), WTI Oil at $19.94 (+0.35%) Rates : US 10-year yield at 0.649, UK 10-year yield at 0.304, Germany 10-year yield … Continue reading Thursday 16th April: Asian markets mixed as investors’ confidence falters
Key risk events today: Australia Job’s Data; BoE Credit Conditions Survey; Canada Manufacturing Sales m/m; US Unemployment Claims; US Building Permits; Philly Fed Manufacturing Index. (Previous analysis as well as outside sources – italics). EUR/USD: Wednesday had the US dollar index recover in strong fashion, albeit off best levels south of 100.00. As of writing, … Continue reading Thursday 16th April: All Eyes on US Unemployment Claims
