A brief recap of Friday’s segment on the H4 timeframe witnessed thin trading volume amid Good Friday. Following a mild bottom a few points north of April’s opening level at 1.1221, the EUR/USD spent the remainder of the day fluctuating within a tight range just below 1.1250.
EUR/USD: The single currency ceded ground to the dollar Thursday, following sour IHS Markit PMI surveys. After a brief stopover at the underside of 1.13 on the H4 timeframe the EUR/USD fell sharply, conquering neighbouring trend line support (extended from the low 1.1183) and eventually dipping beneath the 1.1250 support. Further weighing on the euro … Continue reading Friday 19th April: Thin trading volume likely ahead as banks close in observance of Good Friday and Easter Monday.
Global Markets: Asian Stock Markets : Nikkei down 0.86%, Shanghai Composite down 0.21%, Hang Seng down 0.61%, ASX down 0.11% Commodities : Gold at $1274.25 (-0.20%), Silver at $14.91 (-0.21%), Brent Oil at $71.60 (-0.03%), WTI Oil at $63.77 (+0.02%) Rates : US 10-year yield at 2.570, UK 10-year yield at 1.235, Germany 10-year yield … Continue reading Thursday 18th April: Asian markets fall as investors stay on sidelines for upcoming holiday
EUR/USD: Trading volume remained thin Wednesday as markets begin edging their way into the Easter holiday. As demonstrated on the H4 timeframe, price continues to range, limited by 1.1323/1.1280 (yellow). It might also be worth pencilling in the 1.13 handle housed within the consolidation and the surrounding channel (ascending) formation (1.1183/1.1254). In addition to this, … Continue reading Thursday 18th April: Euro consolidates around 1.13 ahead of today’s Eurozone PMIs
Global Markets: Asian Stock Markets : Nikkei up 0.26%, Shanghai Composite up 0.51%, Hang Seng up 0.05%, ASX down 0.37% Commodities : Gold at $1280.75 (+0.28%), Silver at $15.00 (+0.58%), Brent Oil at $72.05 (+0.46%), WTI Oil at $64.53 (+0.75%) Rates : US 10-year yield at 2.599, UK 10-year yield at 1.222, Germany 10-year yield … Continue reading Wednesday 17th April: Asian markets sideways – markets look for fresh stimulus
