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EUR/USD: As risk aversion spreads from global stocks, the greenback stood triumphant against the bulk of its peers Tuesday. This – coupled with ongoing Italian-EU deficit divisions – directed the EUR/USD southbound, consequently losing grip of the 1.14 handle and mildly engulfing nearby H4 support found at 1.1372 (now acting resistance). For folks who read … Continue reading Wednesday 21st November: Greenback eyeing a test of 97.00 as major peers grind south.

EUR/USD: Monday witnessed the euro advance against its US counterpart, reaching highs not seen since Nov 7. The move higher was largely triggered by falling US Treasury bond yields, which pressured the US dollar index to explore ground beneath its 96.20 mark. As is evident from the H4 chart, the candles retested its 1.14 handle … Continue reading Tuesday 20th November: Safe-haven currencies favoured as risk aversion dominates.

Global Markets: Asian Stock Markets : Nikkei down 1.19%, Shanghai Composite down 1.63%, Hang Seng down 2.01%, ASX down 0.54% Commodities : Gold at $1223.10 (-0.18%), Silver at $14.37 (-0.26%), Brent Oil at $66.55 (-0.36%), WTI Oil at $57.06 (-0.24%) Rates : US 10-year yield at 3.065, UK 10-year yield at 1.377, Germany 10-year yield … Continue reading Tuesday 20th November: Asian markets fall on tech weakness, Nissan pulls down Nikkei