EUR/USD: Weekly Timeframe: Following last week’s close below weekly demand at 1.0499-1.0740, the Euro recently saw active buying, which was likely stimulated from the FOMC’s latest address. Assuming that the buyers can continue supporting the market, we might, just might, see the Euro hit a major weekly swap level coming in at 1.1109. Daily Timeframe: … Continue reading Thursday 19th March: Daily technical outlook and review.
Global Markets: Asian stock markets: Nikkei up 0.10 %, Shanghai Composite gained 0.85 %, Hang Seng rose 1.15 %, ASX declined 0.05 % Commodities: Gold at $1150 (+0.10 %), Silver at $15.53 (-0.30 %), WTI Oil at $42.78 (-1.20 %), Brent Oil at $53.38 (-0.20 %) Rates: US 10 year yield at 2.047, UK 10 … Continue reading Wednesday 18th March: European Open Briefing
EUR/USD: Weekly Timeframe: Looking at the weekly timeframe, we can see that price has recently took out a weekly demand area at 1.0499-1.0740, and at the same time, likely cleared the path south down towards a long-term weekly swap level seen at 1.0411. Daily Timeframe: The daily timeframe shows that the buyers attempted to take … Continue reading Wednesday 18th March: Market volatility should be expected today, as the FOMC and BOE take center stage
Global Markets: Asian stock markets: Nikkei up 1.05 %, Shanghai Composite gained 1.15 %, Hang Seng rose 0.20 %, ASX is 0.85 % higher Commodities: Gold at $1154.50 (+0.10 %), Silver at $15.57 (-0.30 %), WTI Oil at $46.07 (-0.15 %), Brent Oil at $54.00 (-0.30 %) Rates: US 10 year yield at 2.068, UK … Continue reading Tuesday 17th March: European Open Briefing
EUR/USD: Weekly Timeframe: Looking at the weekly timeframe, we can see that price has recently took out a weekly demand area at 1.0499-1.0740, and at the same time, likely cleared the path south down towards a long-term weekly swap level seen at 1.0411. Daily Timeframe: Yesterday’s trading action shows buying came into the market following … Continue reading Tuesday 17th March: Daily technical outlook and review
