Tuesday 11th December: Asian Markets mixed as growth concerns and political turmoil continues

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Global Markets: Asian Stock Markets : Nikkei down 0.18%, Shanghai Composite up 0.10%, Hang Seng down 0.11%, ASX up 0.42% Commodities : Gold at $1252.65 (+0.26%), Silver at $14.69 (+0.57%), Brent Oil at $60.13 (+0.27%), WTI Oil at $51.12 (+0.24%) Rates : US 10-year yield at 2.859, UK 10-year yield at 1.214, Germany 10-year yield … Continue reading Tuesday 11th December: Asian Markets mixed as growth concerns and political turmoil continues

Tuesday 11th December: Greenback on strong footing this morning amid Brexit jitters.

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EUR/USD: After decisively running stop-loss orders above H4 resistance (yellow) at 1.1434/1.1418 in early Asia Monday, the EUR/USD fell sharply. Further selling was observed throughout London and US sessions, as the greenback benefited from Brexit woes and fears of a global economic slowdown. Stop-loss orders beneath 1.14 were also tripped yesterday from traders looking to … Continue reading Tuesday 11th December: Greenback on strong footing this morning amid Brexit jitters.

Monday 10th December: Asian Markets slump as growth concerns intensify

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Global Markets: Asian Stock Markets : Nikkei down 2.04%, Shanghai Composite down 0.77%, Hang Seng down 1.46%, ASX down 2.27% Commodities : Gold at $1255.30 (+0.22%), Silver at $14.69 (-0.05%), Brent Oil at $61.95 (+0.45%), WTI Oil at $52.45 (-0.30%) Rates : US 10-year yield at 2.841, UK 10-year yield at 1.273, Germany 10-year yield … Continue reading Monday 10th December: Asian Markets slump as growth concerns intensify

Monday 10th December: Weekly technical outlook and review.

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EUR/USD: Weekly Gain/Loss: +0.38% Weekly Close: 1.1393 Weekly perspective: The single currency staged a reasonably decisive recovery over the course of last week, breaking a two-week bearish phase. Further buying, however, may be challenging. Less than 100 pips overhead resistance is seen priced in at 1.1465, which, as you can probably see, brings with it … Continue reading Monday 10th December: Weekly technical outlook and review.

Friday 7th December: Asian Markets try to hold the fort as sentiment sours

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Global Markets: Asian Stock Markets : Nikkei up 0.79%, Shanghai Composite up 0.00%, Hang Seng down 0.10%, ASX up 0.42% Commodities : Gold at $1244.45 (+0.07%), Silver at $14.54 (+0.18%), Brent Oil at $59.48 (-0.97%), WTI Oil at $51.02 (-0.91%) Rates : US 10-year yield at 2.888, UK 10-year yield at 1.230, Germany 10-year yield … Continue reading Friday 7th December: Asian Markets try to hold the fort as sentiment sours