EUR/USD: In recent sessions, the market witnessed the euro cede further ground to the dollar, down 0.28% on the day. Better-than-expected consumer confidence numbers out of the US provided fresh impetus, with the greenback now eyeing 98.00 once again (DXY). The recent EUR/USD decline had the H4 candles penetrate local support at 1.1180 (now acting … Continue reading Wednesday 29th May: US dollar index poised to approach 98.00.
Global Markets: Asian Stock Markets : Nikkei up 0.43%, Shanghai Composite up 0.79%, Hang Seng up 0.54%, ASX up 0.53% Commodities : Gold at $1282.55 (-0.08%), Silver at $14.53 (-0.15%), Brent Oil at $68.93 (+0.23%), WTI Oil at $59.31 (+1.16%) Rates : US 10-year yield at 2.311, UK 10-year yield at 0.959, Germany 10-year yield … Continue reading Tuesday 28th May: Markets optimistic as Trump concludes Japan visit
EUR/USD: Monday’s session witnessed the EUR/USD tick higher to 1.1215 in early trading, though failed to capitalise on the move, slipping back below the 1.12 handle amid holiday-thinned conditions. The absence of macroeconomic releases exacerbated the lack of volatility, although the greenback finished the day modestly up against most rivals. European Elections had only a … Continue reading Tuesday 28th May: Greenback in positive territory despite lacklustre market.
Global Markets: Asian Stock Markets : Nikkei up 0.34%, Shanghai Composite up 1.42%, Hang Seng down 0.06%, ASX down 0.06% Commodities : Gold at $1285.65 (+0.11%), Silver at $14.59 (+0.25%), Brent Oil at $67.48 (+0.01%), WTI Oil at $58.42 (-0.66%) Rates : US 10-year yield at 2.324, UK 10-year yield at 0.959, Germany 10-year yield … Continue reading Monday 27th May: Asian markets largely flat; Pro-Europe gains in EU elections
EUR/USD: Weekly gain/loss: +0.42% Weekly close: 1.1203 Weekly perspective: Following a borderline breach to the lower edge of a long-standing demand at 1.1119-1.1295, EUR/USD bulls went on the offensive last week. Upside from this point shows room for extension to as far north as the 2019 yearly opening level at 1.1445, whereas a move lower … Continue reading Monday 27th May: Weekly technical outlook and review – US and UK bank closures today
