Although ranging more than 40 points on the session between 1.1144/1.1104, Tuesday concluded pretty much sideways. Intraday, a dip to lows just north of the 1.11 handle occurred, though price action swiftly recovered and traded to 1.1120+ amid US hours.
Global Markets: Asian Stock Markets : Nikkei up 0.73%, Shanghai Composite down 0.28%, Hang Seng down 0.14%, ASX up 0.85% Commodities : Gold at $1539.75 (-0.70%), Silver at $17.73 (-1.49%), Brent Oil at $64.30 (+0.16%), WTI Oil at $58.12 (+0.07%) Rates : US 10-year yield at 1.858, UK 10-year yield at 0.749, Germany 10-year yield … Continue reading Tuesday 14th January: Asian markets higher – positive sentiment continues
Pound sterling slipped lower Monday, pressured by lower-than-expected growth and manufacturing production data, as well as dovish comments from BoE’s Vlieghe.
Global Markets: Asian Stock Markets : Nikkei up 0.47%, Shanghai Composite up 0.75%, Hang Seng up 1.21%, ASX down 0.37% Commodities : Gold at $1553.65 (-0.41%), Silver at $18.00 (-0.56%), Brent Oil at $65.00 (+0.03%), WTI Oil at $59.12 (+0.14%) Rates : US 10-year yield at 1.834, UK 10-year yield at 0.774, Germany 10-year yield … Continue reading Monday 13th January: Asian markets higher as investors look forward to trade deal signing
Wednesday, in the shape of a 47-point downward move, overthrew not only the 200-day SMA (orange – 1.1139) but also a local channel support, taken from the low 1.0981. The nearby 50-day SMA (blue – 1.1090) entered the fold Friday, providing support by way of a bullish engulfing candle over Thursday’s doji indecision formation.
