Europe’s single currency extended upside Tuesday amid healthy Eurozone PMIs and additional dollar softening under 97.00 (DXY). Despite an early rebound from the underside of 1.13 on the H4 during early London hours (see M30 for clearer view), the level eventually yielded and unlocked the door to Quasimodo resistance nearby at 1.1340, which held into the close.
Global Markets: Asian Stock Markets : Nikkei up 0.50%, Shanghai Composite up 0.18%, Hang Seng up 1.46%, ASX up 0.17% Commodities : Gold at $1767.40 (+0.06%), Silver at $17.88 (-0.15%), Brent Oil at $43.28 (+0.46%), WTI Oil at $40.87 (+0.34%) Rates : US 10-year yield at 0.709, UK 10-year yield at 0.212, Germany 10-year yield … Continue reading Tuesday 23rd June: Asian markets higher as Navarro clarifies trade deal comments
Upbeat risk sentiment weighed on the US dollar index Monday, firmly snapping a four-day bullish phase. EUR/USD H4 reclaimed 1.12+ status and recently conquered 1.1250, with eyes now on 1.13 as potential resistance, followed by a Quasimodo formation at 1.1340.
Global Markets: Asian Stock Markets : Nikkei down 0.18%, Shanghai Composite down 0.08%, Hang Seng down 0.51%, ASX up 0.03% Commodities : Gold at $1756.90 (+0.22%), Silver at $17.98 (+0.72%), Brent Oil at $42.38 (+0.45%), WTI Oil at $39.97 (+0.35%) Rates : US 10-year yield at 0.699, UK 10-year yield at 0.217, Germany 10-year yield … Continue reading Monday 22nd June: Asian markets lower as virus concerns take precedence
The British pound put in additional declines against the buck last week, extending south of the 61.8% Fibonacci retracement ratio at 1.2718 and 2019 yearly opening level at 1.2739. It should also be emphasised these levels are positioned beneath a long-term trend line resistance, etched from the high 1.5930.
