EUR/USD: Weekly view – From the weekly timeframe, we can see that price is now crossing swords with the weekly supply area coming in at 1.1532-1.1278 again. This supply zone is very significant in our opinion since if there is a sustained break above this area, our long-term bias on this pair will very likely … Continue reading Tuesday 9th June: Daily technical outlook and review.
Global Markets: Asian stock markets: Nikkei down 0.20 %, Shanghai Composite gained 0.90 %, Hang Seng rose 0.40 %, ASX fell 0.10 % Commodities: Gold at $1172.80 (+0.40 )%, Silver at $16.06 (+0.50 %), WTI Oil at $58.60 (-0.85 %), Brent Oil at $62.88 (-0.55 %) Rates: US 10 year yield at 2.40, UK 10 … Continue reading Monday 8th June: European Open Briefing
EUR/USD: Weekly view – Last week’s action shows that price rebounded nicely from a weekly supply area seen at 1.1532-1.1278, consequently closing at 1.1107. In the event that this selling pressure continues, we may see price challenge the weekly demand area at 1.0519-1.0798 sometime this week. From a long-term standpoint, however, the downtrend on this … Continue reading Monday 8th June: Weekly technical outlook and review (Australian bank holiday today).
Global Markets: Asian stock markets: Nikkei down 0.45 %, Shanghai Composite lost 0.10 %, Hang Seng declined 0.90 %, ASX fell 0.50 % Commodities: Gold at $1177 (+0.20 %), Silver at $16.13 (+0.20 %), WTI Oil at $58.10 (+0.15 %), Brent Oil at $62.25 (+0.20 %) Rates: US 10 year yield at 2.32, UK 10 … Continue reading Friday 5th June: European Open Briefing
EUR/USD: Weekly view – From a long-term standpoint, the downtrend on this pair is still very much intact. It’s only once/if we see a close above the current weekly supply area at 1.1532-1.1278 will we be convinced the trend may be shifting direction. Daily view: The daily timeframe shows that price did indeed continue to … Continue reading Friday 5th June: Volatility is likely today as the mighty NFP takes center stage.
