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EUR/USD: Despite an earnest effort to overthrow 1.16 (and surrounding monthly opening levels from October and September at 1.1604 and 1.1595, respectively) on Tuesday, the shared currency failed to sustain gains beyond 1.1621, consequently concluding the day more or less unchanged. In light of yesterday’s push to fresh highs (red arrows), another retest of H4 … Continue reading Wednesday 17th October: Brexit’s ‘moment of truth’ as PM May heads to Brussels for crucial summit.

Global Markets: Asian Stock Markets : Nikkei up 1.14%, Shanghai Composite down 0.83%, Hang Seng down 0.86%, ASX up 0.56% Commodities : Gold at $1231.00 (+0.06%), Silver at $14.69 (-0.25%), Brent Oil at $80.64 (-0.17%), WTI Oil at $71.56 (-0.31%) Rates : US 10-year yield at 3.175, UK 10-year yield at 1.607, Germany 10-year yield … Continue reading Tuesday 16th October: Asian markets mixed – China not like to be named currency manipulator

EUR/USD: Benefitting from broad-based USD weakness and a lower-than-expected US retail sales print, the shared currency travelled higher ground on Monday. H4 support at 1.1543 (unites with a 38.2% Fib support), as you can see, offered the pair a floor in the early hours, lifting price towards its 1.16 mark and surrounding monthly opening levels … Continue reading Tuesday 16th October: UK labour market data eyed – keep tabs on GBP-related pairs during this time!