Global Markets: Asian Stock Markets : Nikkei up 0.55%, Shanghai Composite up 0.96%, Hang Seng up 0.63%, ASX up 0.10% Commodities : Gold at $1740.05 (+0.52%), Silver at $17.71 (+1.13%), Brent Oil at $42.41 (+2.17%), WTI Oil at $39.79 (+2.45%) Rates : US 10-year yield at 0.725, UK 10-year yield at 0.243, Germany 10-year yield … Continue reading Friday 19th June: Asian markets make modest gains on the backs of cautious investors
Driven by USD strength Thursday, with the US dollar index recently shaking hands with 97.50, EUR/USD tackled H4 support at 1.1221 and the round number 1.12. This exposed a 38.2% Fibonacci retracement ratio at 1.1173 and a potential 127.2% AB=CD correction (black arrows) at 1.1150.
Global Markets: Asian Stock Markets : Nikkei down 0.45%, Shanghai Composite up 0.12%, Hang Seng down 0.35%, ASX down 0.92% Commodities : Gold at $1733.90 (-0.10%), Silver at $17.73 (-0.24%), Brent Oil at $40.66 (-0.12%), WTI Oil at $37.76 (-0.53%) Rates : US 10-year yield at 0.715, UK 10-year yield at 0.175, Germany 10-year yield … Continue reading Thursday 18th June: Asian markets fall as second wave fears continue to gather momentum.
Although US housing data failed to meet consensus Wednesday, the US dollar index managed to maintain position north of the 97.00 handle. Leaving 1.13 unchallenged on the H4 timeframe, the candles dipped to support at 1.1221 (a prior Quasimodo resistance). This level joins closely with the 1.12 handle and a 38.2% Fibonacci retracement ratio at 1.1173.
EUR/USD H4 movement came within touching distance of reaching support at 1.1221 (a prior Quasimodo resistance), before marginally recoiling. This level joins closely with the 1.12 handle and 38.2% Fibonacci retracement ratio at 1.1173.
