EUR/USD: Swarmed by an almost clean sweep of sub-forecast US employment data, the EUR/USD concluded Thursday in positive territory, up 0.28%. Leaving November’s opening level on the H4 at 1.1314 unchallenged, the pair approached its 1.14 space, which happens to merge closely with a trend line resistance (etched from the high 1.1621). Price action topped … Continue reading Friday 7th December: US employment figures eyed – expect volatility.
Global Markets: Asian Stock Markets : Nikkei down 1.91%, Shanghai Composite down 1.55%, Hang Seng down 3.09%, ASX down 0.19% Commodities : Gold at $1241.50 (-0.09%), Silver at $14.48 (-0.69%), Brent Oil at $60.89 (-1.09%), WTI Oil at $52.23 (-1.25%) Rates : US 10-year yield at 2.897, UK 10-year yield at 1.308, Germany 10-year yield … Continue reading Thursday 6th December: Asian Markets continue to fall
EUR/USD: Since the week’s open the shared currency has struggled to establish firm direction, consequently chalking up three consecutive daily indecision candles. With respect to the higher timeframes, there’s been little change as far as structure is concerned. Weekly movement continues to meander between resistance priced in at 1.1465 (brings with it a nearby cloned … Continue reading Thursday 6th December: Canadian trade balance eyed in early US trade.
Global Markets: Asian Stock Markets : Nikkei down 0.59%, Shanghai Composite down 0.68%, Hang Seng down 1.79%, ASX down 0.78% Commodities : Gold at $1240.55 (-0.49%), Silver at $14.52 (-0.82%), Brent Oil at $61.25 (-1.34%), WTI Oil at $52.59 (-1.24%) Rates : US 10-year yield at 2.915, UK 10-year yield at 1.284, Germany 10-year yield … Continue reading Wednesday 5th December: Asian Markets lower after Wall Street plunge
In recent sessions, traders observed the H4 candles aggressively breach 1.14 and touch gloves with..
