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Global Markets: Asian Stock Markets : Nikkei up 0.36%, Shanghai Composite up 1.53%, Hang Seng up 1.85%, ASX up 0.03% Commodities : Gold at $1206.60 (+0.12%), Silver at $14.53 (+0.26%), Brent Oil at $81.17 (-0.11%), WTI Oil at $72.14 (-0.19%) Rates : US 10-year yield at 3.096, UK 10-year yield at 1.631, Germany 10-year yield … Continue reading Wednesday 26th September: Asian markets gain, led by China

EUR/USD: Despite eking out marginal gains on Tuesday, the single currency remains fixed between its 1.18 handle and H4 support at 1.1743. However, it is worth noting (on the H4 scale) price is also compressed within a H4 ascending channel formation (1.1525/1.1721) and the RSI indicator continues to hug trend line support. The daily timeframe … Continue reading Wednesday 26th September: Markets range bound ahead of today’s FOMC rate decision and press conference

EUR/USD: Comments from ECB's Draghi provided the single currency fresh impetus on Monday, delivering a move through the 1.18 handle on the H4 timeframe to highs of 1.1815 (just missing the channel resistance [etched from the high 1.1721]). Draghi said he sees a vigorous pick-up in underlying inflation, along with strengthening domestic prices and wage … Continue reading Tuesday 25th September: Broad USD support observed as trade war fears return.