Key risk events today: OPEC Meetings; BoE Gov Carney Speaks; BoC Gov Poloz Speaks. (Previous analysis as well as outside sources – italics). EUR/USD: For traders who read Wednesday’s technical briefing you may recall the following: The test of 1.12 could be interesting as possible resistance, having seen daily Quasimodo resistance at 1.1199 merge with … Continue reading Thursday 5th March: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 0.08%, Shanghai Composite up 0.26%, Hang Seng down 0.35%, ASX down 1.71% Commodities : Gold at $1643.25 (-0.07%), Silver at $17.25 (+0.38%), Brent Oil at $52.44 (+1.12%), WTI Oil at $47.74 (+1.19%) Rates : US 10-year yield at 0.978, UK 10-year yield at 0.387, Germany 10-year yield … Continue reading Wednesday 4th March: Fed cut fails to bolster markets
The Federal Reserve surprised markets Tuesday, slashing interest rates amid concern about the potential economic toll of the coronavirus outbreak. Following a near to-the-point retest at 1.11, reinforced closely by February’s opening level at 1.1094, H4 price gained traction, eventually grasping the underside of 1.12.
Global Markets: Asian Stock Markets : Nikkei down 1.22%, Shanghai Composite up 0.74%, Hang Seng up 0.16%, ASX up 0.69% Commodities : Gold at $1596.65 (+0.12%), Silver at $16.79 (+0.29%), Brent Oil at $52.34 (+0.85%), WTI Oil at $47.37 (+1.33%) Rates : US 10-year yield at 1.126, UK 10-year yield at 0.406, Germany 10-year yield … Continue reading Tuesday 3rd March: Markets gain as investors look forward to support from Central Banks
Talks of Fed easing, coupled with record lows in US Treasury yields, witnessed the euro firmly advance Monday, adding more than 120 points into the close. EUR/USD weekly price recently touched gloves with channel resistance, extended from the high 1.1569.
