Tuesday 18th June: Thin volumes as investors await Fed outcomes with crossed fingers

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Global Markets: Asian Stock Markets : Nikkei down 0.80%, Shanghai Composite down 0.19%, Hang Seng up 0.84%, ASX up 0.57% Commodities : Gold at $1349.05 (+0.46%), Silver at $14.88 (+0.36%), Brent Oil at $60.84 (-0.16%), WTI Oil at $51.80 (-0.25%) Rates : US 10-year yield at 2.075, UK 10-year yield at 0.853, Germany 10-year yield … Continue reading Tuesday 18th June: Thin volumes as investors await Fed outcomes with crossed fingers

Tuesday 18th June: Dollar trades flat ahead of crucial FOMC minutes Wednesday.

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EUR/USD: The single currency was uninspired Monday, with action likely restricted throughout the markets ahead of the Fed’s decision later this week. As is evident from the H4 setting this morning, the candles remain engaged with the 1.12/1.1221 neighbourhood (comprised of April and May’s opening levels at 1.1221 and 1.1211, the round number 1.12 and … Continue reading Tuesday 18th June: Dollar trades flat ahead of crucial FOMC minutes Wednesday.

Monday 17th June: Weekly technical outlook and review.

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The US dollar index, or DXY, ascended to its highest level in almost two weeks Friday following promising retail sales data in May. US retail sales came in at +0.5%, short of the 0.6% expected.