Global Markets: Asian Stock Markets : Nikkei up 0.41%, Shanghai Composite up 4.51%, Hang Seng up 2.34%, ASX down 0.58% Commodities : Gold at $1229.40 (+0.06%), Silver at $14.65 (-0.03%), Brent Oil at $80.00 (+0.28%), WTI Oil at $69.55 (+0.39%) Rates : US 10-year yield at 3.198, UK 10-year yield at 1.586, Germany 10-year yield … Continue reading Monday 22nd October: Asian markets rebound after Chinese cuts taxes
EUR/USD: Weekly Gain/Loss: -0.39% Weekly Close: 1.1512 Weekly perspective: By way of two back-to-back indecision candles, the top edge of demand at 1.1312-1.1445 remains firmly in the headlights. In the event buyers regain composure from this point, price shows room to extend as far north as a resistance area coming in at 1.1717-1.1862 (capped upside … Continue reading Monday 22nd October: Weekly technical outlook and review.
Global Markets: Asian Stock Markets : Nikkei down 0.60%, Shanghai Composite up 2.35%, Hang Seng up 1.02%, ASX down 0.05% Commodities : Gold at $1231.40 (+0.11%), Silver at $14.66 (+0.38%), Brent Oil at $79.69 (+0.50%), WTI Oil at $68.95 (+0.44%) Rates : US 10-year yield at 3.186, UK 10-year yield at 1.541, Germany 10-year yield … Continue reading Friday 19th October: Asian markets erase losses after opening lower on weak China data
EUR/USD: The euro refreshed weekly lows vs. its US counterpart Thursday, despite an earnest attempt to defend its 1.15 handle amid London hours. The resultant rebound in US Treasury yields bolstered the USD market, though the US dollar index remains unable to breach its next upside chart hurdle: 96.000. Down 0.42% on the day, the … Continue reading Friday 19th October: Flight to safety pulls the US dollar higher and weighs on major counterparts
