Global Markets: Asian Stock Markets : Nikkei down 2.34%, Shanghai Composite up 0.31%, Hang Seng down 0.08%, ASX down 1.01% Commodities : Gold at $1242.80 (+0.26%), Silver at $14.57 (+0.46%), Brent Oil at $62.37 (+1.10%), WTI Oil at $53.55 (+1.13%) Rates : US 10-year yield at 2.942, UK 10-year yield at 1.315, Germany 10-year yield … Continue reading Tuesday 4th December: Markets fizzle out after gaining on US-China deal prospects
EUR/USD: The single currency started the week on a strong footing, gapping over 30 pips north amid risk appetite. Weekend news witnessed US President Trump and Chinese President Xi announce a truce at the G20 where the US agreed to delay hiking tariffs on USD 200bln of Chinese goods to 25% for 90 days, paving … Continue reading Tuesday 4th December: Optimism over US-China trade continues post-G20.
EUR/USD: Weekly Gain/Loss: -0.19% Weekly Close: 1.1318 Weekly perspective: Despite the EUR/USD ranging in excess of 130 pips last week, the pair concluded trade by way of an indecision candle, albeit sporting a mild bearish tone. With respect to structure, traders’ crosshairs likely remain fixed on resistance priced in at 1.1465 (which, as you can … Continue reading Monday 3rd December: Weekly technical outlook and review.
Global Markets: Asian Stock Markets : Nikkei down 0.06%, Shanghai Composite up 0.48%, Hang Seng up 0.43%, ASX down 1.58% Commodities : Gold at $1229.80 (-0.05%), Silver at $14.39 (-0.12%), Brent Oil at $60.12 (+0.35%), WTI Oil at $51.52 (+0.14%) Rates : US 10-year yield at 3.026, UK 10-year yield at 1.364, Germany 10-year yield … Continue reading Friday 30th November: Asian Stocks higher, Australia lower
EUR/USD: Despite a reasonably busy calendar Thursday, the EUR/USD concluded its session reporting limited movement, up 0.23% on the day. Most notable was the FOMC meeting minutes, with the majority of participants stating rate hikes were likely warranted ‘fairly soon’ if the US job and inflation data were in line with or stronger than the … Continue reading Friday 30th November: US-China relations fragile ahead of G20 – USD stable just south of 97.00
