Key risk events today: Eurozone, UK and US Manufacturing and Services PMIs; Richmond Manufacturing Index. (Previous analysis as well as outside sources – italics). EUR/USD: EUR/USD traded within a near-200-point range Monday between 1.0828/1.0635, as worldwide governments and central banks attempt to control the spread of COVID-19 and a global recession. In recent news, the … Continue reading Tuesday 24th March: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 2.02%, Shanghai Composite down 3.11%, Hang Seng down 5.14%, ASX down 5.62% Commodities : Gold at $1490.00 (+0.36%), Silver at $12.50 (+0.93%), Brent Oil at $25.98 (-3.71%), WTI Oil at $22.71 (+0.35%) Rates : US 10-year yield at 0.818, UK 10-year yield at 0.541, Germany 10-year yield … Continue reading Monday 23rd March: Corona carnage continues – Japan bucks the trend
Downside risks continue to build long term in EUR/USD, absorbing bids from the 2016 yearly opening level at 1.0873 and channel support, taken from the low 1.1215.
Global Markets: Asian Stock Markets : Shanghai Composite up 1.61%, Hang Seng up 4.38%, ASX up 0.70% Commodities : Gold at $1508.10 (+1.95%), Silver at $12.79 (+5.43%), Brent Oil at $29.88 (+4.95%), WTI Oil at $27.50 (+6.14%) Rates : US 10-year yield at 1.075, UK 10-year yield at 0.621, Germany 10-year yield at -0.258 News … Continue reading Friday 20th March: Asian markets recover after a rout.
Europe’s shared currency extended losses for a third successive session Thursday. Erasing more than 200 points and registering 37-month lows at 1.0654, EUR/USD tunnelled through a number of key technical supports, including the 1.0777 level and the 1.07 handle.
