Wednesday had the EUR/USD unchanged at the close of trade in London. A fleeting move north of the 1.09 handle emerged, yet 1.0908 proved challenging to overcome, sending the pair to H4 support at 1.0857. Note 1.09 links with a 38.2% Fibonacci retracement ratio.
Category: Recent
Wednesday 26th February: Markets fall as global pandemic fears from Coronavirus rises.
Global Markets: Asian Stock Markets : Nikkei down 0.79%, Shanghai Composite down 0.59%, Hang Seng down 0.91%, ASX down 2.31% Commodities : Gold at $1645.30 (-0.28%), Silver at $18.04 (-0.84%), Brent Oil at $54.17 (-0.17%), WTI Oil at $49.94 (+0.08%) Rates : US 10-year yield at 1.354, UK 10-year yield at 0.511, Germany 10-year yield … Continue reading Wednesday 26th February: Markets fall as global pandemic fears from Coronavirus rises.
Wednesday 26th February: Technical Outlook and Review.
The US dollar index, measures the value of the US dollar against a basket of foreign currencies, remained on the backfoot Tuesday, aided by less-than-stellar US consumer confidence, with the unit poised to continue declining until reaching daily support at 98.45.
Tuesday 25th February: Coronavirus continues to rule Asian markets.
Global Markets: Asian Stock Markets : Nikkei down 3.34%, Shanghai Composite down 0.60%, Hang Seng up 0.04%, ASX down 1.60% Commodities : Gold at $1638.15 (-2.29%), Silver at $18.29 (-3.09%), Brent Oil at $56.34 (+1.02%), WTI Oil at $51.95 (+1.01%) Rates : US 10-year yield at 1.396, UK 10-year yield at 0.540, Germany 10-year yield … Continue reading Tuesday 25th February: Coronavirus continues to rule Asian markets.
Tuesday 25th February: Markets Enter Risk-Averse Trade Amid Heightened Concerns Surrounding the Coronavirus.
Europe’s shared currency kicked off the week lower against the buck, pencilling in a decisive opening gap. Early Europe witnessed a run to 1.0805, before spiking to highs of 1.0841 amid a modestly better-than-expected German IFO print.