EUR/USD: Throughout the course of Tuesday’s sessions, the single currency fist bumped a minor H4 Quasimodo support level at 1.1505 to the pip, having breached numerous downside chart levels from a peak of 1.1580 amid EU criticism over Italy’s budget. The day concluded with the H4 candles challenging a newly formed supply coming in at … Continue reading Wednesday 3rd October: USD lower on Italy news, propping the euro and pound higher
Global Markets: Asian Stock Markets : Nikkei down 0.63%, ASX up 0.34% Commodities : Gold at $1210.00 (+0.25%), Silver at $14.81 (+0.76%), Brent Oil at $84.85 (+0.06%), WTI Oil at $75.22 (-0.01%) Rates : US 10-year yield at 3.071, UK 10-year yield at 1.526, Germany 10-year yield at 0.422 News & Data: (AUD) Building Approvals … Continue reading Wednesday 3rd October: Asian Markets Mostly Lower, euro rebounds as reports temper Italian debt fears
Global Markets: Asian Stock Markets : Nikkei up 0.29%, Shanghai Composite up 1.06%, Hang Seng down 1.82%, ASX down 0.70% Commodities : Gold at $1195.70 (+0.34%), Silver at $14.58 (+0.50%), Brent Oil at $85.03 (+0.06%), WTI Oil at $75.53 (+0.31%) Rates : US 10-year yield at 3.080, UK 10-year yield at 1.579, Germany 10-year yield … Continue reading Tuesday 2nd October: Asian markets lost US-Canada trade deal steam to trade lower
EUR/USD: Mixed Eurozone manufacturing PMIs, alongside a miss on German retail sales m/m, kept the EUR/USD on the losing side of the table on Monday, concluding trade sub 1.16. With stop-loss orders suffering beneath 1.16 on the H4 timeframe, the triple-bottom support located at 1.1530 is likely on the radar for many today. On a … Continue reading Tuesday 2nd October: Fed Chairman Powell expected to take the stage later on today – expect possible USD movement
