USD longs made a comeback Thursday, with the DXY staging a stronger-than-expected recovery above 96.50. This firmly weighed on the euro, the largest component of the index making up almost 58%.
12
Jun
2020
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11
Jun
2020
Thursday 11th June: Asian markets lower on Fed’s comments
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Global Markets: Asian Stock Markets : Nikkei down 2.82%, Shanghai Composite down 0.78%, Hang Seng down 2.17%, ASX down 3.05% Commodities : Gold at $1743.15 (+1.30%), Silver at $18.05 (+1.40%), Brent Oil at $40.13 (-3.83%), WTI Oil at $37.97 (-4.12%) Rates : US 10-year yield at 0.698, UK 10-year yield at 0.225, Germany 10-year yield … Continue reading Thursday 11th June: Asian markets lower on Fed’s comments
11
Jun
2020
Thursday 11th June: Technical Outlook and Review
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Fuelled by additional USD shorts, EUR/USD climbed to highs at 1.1389 Wednesday, levels not seen since early March. Leaving 1.14 unchallenged, buyers hit the ropes as the pair dived to lows at 1.1342. 1.13 remains a standout support on the H4 timeframe, sharing space with Quasimodo support at 1.1268 and trend line support, extended from the low 1.0727.
10
Jun
2020
Wednesday 10th June: Asian markets mixed as Chinese inflation misses expectations; Fed policy awaited today
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Global Markets: Asian Stock Markets : Nikkei up 0.15%, Shanghai Composite down 0.42%, Hang Seng up 0.22%, ASX up 0.06% Commodities : Gold at $1725.45 (+0.21%), Silver at $17.85 (+0.30%), Brent Oil at $40.41 (-1.87%), WTI Oil at $38.05 (-2.29%) Rates : US 10-year yield at 0.804, UK 10-year yield at 0.315, Germany 10-year yield … Continue reading Wednesday 10th June: Asian markets mixed as Chinese inflation misses expectations; Fed policy awaited today
10
Jun
2020
Wednesday 10th June: FOMC in Focus
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EUR/USD, according to the H4 timeframe, dipped to 1.1241 yesterday, leaving support at 1.1221 unchallenged, before turning to reclaim 1.13+ status to shake hands with recently formed Quasimodo resistance at 1.1362.