EUR/USD, based on the H4 timeframe, chalked up a two-candle fakeout through Quasimodo resistance at 1.1340, reaching highs at 1.1370, and headed marginally south of 1.13 into the European close.
10
Jul
2020
Category: Recent
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09
Jul
2020
Thursday 9th July: Markets gain on upbeat Chinese, Japanese data.
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Global Markets: Asian Stock Markets : Nikkei up 0.40%, Shanghai Composite up 1.39%, Hang Seng up 0.16%, ASX up 0.59% Commodities : Gold at $1820.95 (+0.02%), Silver at $19.24 (+0.42%), Brent Oil at $43.05 (-0.55%), WTI Oil at $40.66 (-0.59%) Rates : US 10-year yield at 0.650, UK 10-year yield at 0.169, Germany 10-year yield … Continue reading Thursday 9th July: Markets gain on upbeat Chinese, Japanese data.
09
Jul
2020
Thursday 9th July: Technical Outlook and Review
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Recording its fourth consecutive daily gain Wednesday, GBP/USD attracted fresh buying as the DXY dipped a toe in waters south of 96.50. May’s opening level at 1.2583 and the 1.26 handle caved under pressure on the H4 timeframe, potentially setting the stage for an approach to Quasimodo resistance at 1.2653 and, with a little enthusiasm, the 1.27 handle.
08
Jul
2020
Wednesday 8th July: Gloomy outlooks cloud markets
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Global Markets: Asian Stock Markets : Nikkei down 0.78%, Shanghai Composite up 1.74%, Hang Seng up 0.62%, ASX down 1.54% Commodities : Gold at $1811.65 (+0.10%), Silver at $18.74 (+0.23%), Brent Oil at $43.16 (+0.19%), WTI Oil at $40.63 (+0.02%) Rates : US 10-year yield at 0.653, UK 10-year yield at 0.160, Germany 10-year yield … Continue reading Wednesday 8th July: Gloomy outlooks cloud markets
08
Jul
2020
Wednesday 8th July: Technical Outlook and Review
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EUR/USD, based on the H4, swung beneath 1.13 to lows at 1.1258, though corrected back to 1.13 and held into the European close. South of 1.13, traders’ crosshairs will likely be fixed on July’s opening level at 1.1235, with a break likely to see price hone in on 1.12.