Global Markets: Asian Stock Markets : Nikkei up 3.13%, Shanghai Composite up 1.39%, Hang Seng up 0.75%, ASX up 1.87% Commodities : Gold at $1767.30 (+0.33%), Silver at $15.94 (+2.58%), Brent Oil at $32.16 (+1.32%), WTI Oil at $22.57 (+0.71%) Rates : US 10-year yield at 0.770, UK 10-year yield at 0.315, Germany 10-year yield … Continue reading Tuesday 14th April: Asian markets gain on better than expected Chinese export data
Key risk events today: Australia NAB Business Confidence; China Trade Balance; G7 Meetings. (Previous analysis as well as outside sources – italics). EUR/USD: Monday’s holiday-thinned trade witnessed Europe’s single currency conclude a shade lower against the buck, with price drawing in the 1.09 handle on the H4 timeframe and forming a hammer candlestick pattern (considered … Continue reading Tuesday 14th April: DXY Holds Daily Resistance at 99.62; Daily Support Eyed at 98.45
Global Markets: Asian Stock Markets : Nikkei down 2.33%, Shanghai Composite down 0.49% Commodities : Gold at $1741.45 (-0.65%), Silver at $15.66 (-2.45%), Brent Oil at $31.56 (+0.25%), WTI Oil at $23.11 (+1.54%) Rates : US 10-year yield at 0.735, UK 10-year yield at 0.306, Germany 10-year yield at -0.350 News & Data: (USD) Core … Continue reading Monday 13th April: Asian markets lower on thin volumes, absence of cues
EUR/USD conquered the 2016 yearly opening level at 1.0873 in recent trading. Skies beyond here are reasonably blue; a run to the 2020 yearly opening level at 1.1222, shadowed by a Quasimodo resistance at 1.1239, is certainly a possibility in the week ahead.
Key risk events today: China CPI y/y and PPI y/y; US CPI m/m and Core CPI m/m. (Previous analysis as well as outside sources – italics). EUR/USD: EUR/USD accelerated to the upside Thursday, guided by the US dollar index abandoning its 100.00 handle on the back of another record rise in the number of US … Continue reading Friday 10th April: Technical Outlook and Review
