Global Markets: Asian Stock Markets : Nikkei up 1.09%, Shanghai Composite up 1.99%, Hang Seng up 1.85%, ASX up 1.11% Commodities : Gold at $1642.35 (-0.04%), Silver at $17.23 (-0.12%), Brent Oil at $51.67 (+1.06%), WTI Oil at $47.20 (+0.90%) Rates : US 10-year yield at 1.012, UK 10-year yield at 0.367, Germany 10-year yield … Continue reading Thursday 5th March: IMF, WB packages lend confidence to markets
Dear Trader,
On Sunday the 08th of March, IC Markets Trading servers will move forward by one hour from GMT+2 to GMT+3 as the US will enter daylight savings.While trading for most products will remain unaffected, there will be a change in the trading hours of some products.
Key risk events today: OPEC Meetings; BoE Gov Carney Speaks; BoC Gov Poloz Speaks. (Previous analysis as well as outside sources – italics). EUR/USD: For traders who read Wednesday’s technical briefing you may recall the following: The test of 1.12 could be interesting as possible resistance, having seen daily Quasimodo resistance at 1.1199 merge with … Continue reading Thursday 5th March: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 0.08%, Shanghai Composite up 0.26%, Hang Seng down 0.35%, ASX down 1.71% Commodities : Gold at $1643.25 (-0.07%), Silver at $17.25 (+0.38%), Brent Oil at $52.44 (+1.12%), WTI Oil at $47.74 (+1.19%) Rates : US 10-year yield at 0.978, UK 10-year yield at 0.387, Germany 10-year yield … Continue reading Wednesday 4th March: Fed cut fails to bolster markets
The Federal Reserve surprised markets Tuesday, slashing interest rates amid concern about the potential economic toll of the coronavirus outbreak. Following a near to-the-point retest at 1.11, reinforced closely by February’s opening level at 1.1094, H4 price gained traction, eventually grasping the underside of 1.12.
