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Global Markets: Asian Stock Markets : Shanghai Composite down 3.38%, Hang Seng down 0.92%, ASX down 1.38% Commodities : Gold at $1199.90 (-0.47%), Silver at $14.50 (-1.05%), Brent Oil at $83.47 (-0.82%), WTI Oil at $73.84 (-0.67%) Rates : US 10-year yield at 3.233, UK 10-year yield at 1.731, Germany 10-year yield at 0.568 News … Continue reading Monday 8th October: Chinese markets lower by 3% as Central Bank cuts liquidity requirement

EUR/USD: Weekly Gain/Loss: -0.72% Weekly Close: 1.1519 Weekly perspective: Deprived of notable support last week, on top of a clear-cut bearish engulfing formation out of a resistance area at 1.1717-1.1862 seen the week prior, the single currency explored lower ground. In the event the pair continues to drive lower this week, nearby demand rests at … Continue reading Monday 8th October: Weekly technical outlook and review

EUR/USD: Thursday’s movement observed the EUR/USD exchange rate rise from an open of 1.1477 to a peak of 1.1542, consequently violating a dominant six-day bearish phase. Latest action could lead to some headway unfolding on the H4 scale towards a resistance area at 1.1580-1.1563, followed closely by September’s opening level at 1.1595 and the round … Continue reading Friday 5th October: Fasten your seatbelts as NFP is just around the corner!