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EUR/USD: Uncertainty concerning US-China tariffs, along with a weaker-than-expected US empire state manufacturing index reading, provided fresh impetus for the single currency amid Monday’s trade. Unable to break H4 demand plotted at 1.1609-1.1632, the euro rose beyond both July and August’s opening levels at 1.1675/1.1686 and ended the day topping within touching distance of the … Continue reading Tuesday 18th September: Limited macroeconomic data today will likely see US-China trade tensions take the spotlight.

Global Markets: Asian Stock Markets : Shanghai Composite down 1.04%, Hang Seng down 1.69%, ASX up 0.31% Commodities : Gold at $1199.60 (-0.12%), Silver at $14.11 (-0.26%), Brent Oil at $77.96 (-0.17%), WTI Oil at $68.66 (-0.16%) Rates : US 10-year yield at 2.959, UK 10-year yield at 1.484, Germany 10-year yield at 0.414 News … Continue reading Monday 17th September: Asian Stock Markets lower on tariff woes and low liquidity

EUR/USD: Weekly Gain/Loss: +0.61% Weekly Close: 1.1621 Weekly perspective: Although the EUR/USD squeezed out a gain last week, demand for the single currency diminished as the unit shook hands with the underside of a notable resistance area coming in at 1.1717-1.1862. Capping upside in the months of May, June and July of this year, this … Continue reading Monday 17th September: Weekly technical outlook and review