Downside risks continue to build long term in EUR/USD, absorbing bids from the 2016 yearly opening level at 1.0873 and channel support, taken from the low 1.1215.
22
Mar
2020
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20
Mar
2020
Friday 20th March: Asian markets recover after a rout.
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Global Markets: Asian Stock Markets : Shanghai Composite up 1.61%, Hang Seng up 4.38%, ASX up 0.70% Commodities : Gold at $1508.10 (+1.95%), Silver at $12.79 (+5.43%), Brent Oil at $29.88 (+4.95%), WTI Oil at $27.50 (+6.14%) Rates : US 10-year yield at 1.075, UK 10-year yield at 0.621, Germany 10-year yield at -0.258 News … Continue reading Friday 20th March: Asian markets recover after a rout.
20
Mar
2020
Friday 20th March: Dollar Continues Relentless March Higher
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Europe’s shared currency extended losses for a third successive session Thursday. Erasing more than 200 points and registering 37-month lows at 1.0654, EUR/USD tunnelled through a number of key technical supports, including the 1.0777 level and the 1.07 handle.
19
Mar
2020
Thursday 19th March: ECB measures fail to rescue markets.
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Global Markets: Asian Stock Markets : Nikkei down 1.04%, Shanghai Composite down 0.98%, Hang Seng down 2.36%, ASX down 3.44% Commodities : Gold at $1490.90 (+0.88%), Silver at $12.08 (+2.62%), Brent Oil at $26.65 (+7.11%), WTI Oil at $23.72 (+13.87%) Rates : US 10-year yield at 1.231, UK 10-year yield at 0.868, Germany 10-year yield … Continue reading Thursday 19th March: ECB measures fail to rescue markets.
19
Mar
2020
Thursday 19th March: Dollar Remains Bid at Multi-Year Highs.
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Key risk events today: RBA Gov Lowe Speaks; SNB Monetary Policy Assessment and Policy Rate; Philly Fed Manufacturing Index. (Previous analysis as well as outside sources – italics). EUR/USD: The euro ceded further ground against the US dollar Wednesday, shedding more than 100 points. The US dollar index, or DXY, remained on the offensive, reaching … Continue reading Thursday 19th March: Dollar Remains Bid at Multi-Year Highs.